prameshp

ITC - Looks a Long Road of Consolidation

NSE:ITC   ITC LTD
ITC Once it broke the HnS on Monthly, has never looked back...!. Breaking a muli year T/l. convincingly. It has done it Heads Length once now, but the pullback did not take it past the T/l. And it now heading to the Value Zone. But to come out from there will also be a big challenge. Looks like a long consolidation. Unless some dramatic fundamental changes to take past 210, value buyers will have ample time to accumulate. Large volume candles on the downhill hinting big hand changes.
Disc: I post chart for my own study purpose and loud understanding. Consult your SEBI registered advisor for investment decissions.

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