ITC currently is looking good for long swing trade .. It gave a impulsive move from 165 to 218 and thereafter went into consolidation ... The BO zone is 216 to 218 .. One can also see some expansion in volumes .. Today, ITC closed just at the Gann resistance angle .. Tomorrow, if ITC opens above today's closing, expect it to take support of the Gann angle and move ahead for a BO .. If ITC gives a BO above 218 with good volumes, the target would be 260, where ITC would encounter the next Gann angle as resistance.
Note - Views are personal and meant for educational purpose only. Consult your financial advisor before trading equities.
Note - Views are personal and meant for educational purpose only. Consult your financial advisor before trading equities.