Long term trend-line breakout in ITC
Actualizado
We all know that ITC has been dividing the trading world into two for so long.
Some exited in loss, some held it like 'fevicol's ad' and some cannot even tell the story.
but, but
Why should one buy ITC now when spines are chilled?
Reasons:
1. Bullish Marubozu Candle with high volume.
2. Clear Trend-line Breakout.
3. Absorption of all the supply range visible in February 2021.
4. Making Pandemic Era High.
5. Rising RSI @ 56.54
6. DMI crossover with ADX trying to tilt upwards.
Precaution:
Please do not chase the move right now.
Let the stock pullback or at least consolidate.
If it does not correct below 233, look for bullish signs for entry.
Some exited in loss, some held it like 'fevicol's ad' and some cannot even tell the story.
but, but
Why should one buy ITC now when spines are chilled?
Reasons:
1. Bullish Marubozu Candle with high volume.
2. Clear Trend-line Breakout.
3. Absorption of all the supply range visible in February 2021.
4. Making Pandemic Era High.
5. Rising RSI @ 56.54
6. DMI crossover with ADX trying to tilt upwards.
Precaution:
Please do not chase the move right now.
Let the stock pullback or at least consolidate.
If it does not correct below 233, look for bullish signs for entry.
Operación cerrada: objetivo alcanzado
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