ITC | Buy - RSI divergence + Ascending Triangle Formation

23 thg 1, 2021

ITC


1. Bullish RSI Divergence at Daily & 15m timeframe.
2. Formation of ascending triangle, which is considered more towards bullish probability trend.
3. Formation of higher low at daily timeframe.
4. Hourly candle took proper support on 22nd Jan during last 1.5hours at the resistance shown, respecting the long trend line.
5. Price above EMA 200 on daily timeframe, its still bullish.


Swing Trade
Target1 - 222
Target2 - 234
Target3 - 244

SL1 - 205
SL2 - 200 (trend reversal)