ITC LTD
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ITC nearing two year high... and bullish

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ITC nearing two year high...

Today ITC closed at 259.45, very close to the 2 year high price of 266.3.

The stock price looks bullish and any movement beyond 266 will take it to 282 for the initial target. Based on further action, the stock has probability to reach 310 once it crosses 282 with good volume and momentum.

Stop loss at 246.

RSI on weekly chart is strong.

Also check my previous analysis on ITC:
ITC : Bullish on the way to 300 - a simple price action analysis
Giao dịch đang hoạt động
266 crossed today with good volume. Wait and watch for further price action. Looks positive in the long term.
Ghi chú
310 achieved on 1 August
ITCitcanalysisPivot PointsSupport and ResistanceTrend Lines

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