ITC under ascending triangle - On critical support - Next Level
#ITC is moving under ascending triangle and getting support over 100EMA since 3day. If stock will break level 201 then stock will move to resistance 206 but 206-210 is strong resistance. Once level 210 break then only stock will move upward. Same downside if 100EMA break then then 189 is support.
Showing Bearish in all Technical Parameter: CCI is trending down RSI is treading down MACD line crossed below signal line Stoch is treading down William %R Treading down ATR is decreasing since 3 day New Shot position Stock underperforming from Benchmark and sectrol index on 1 week and 3 month both ---------------------------------------------------------- Support : 180 and 170 Breakdown : 189 CMP : 195.45 Breakout : 200 Short Target : 206 OR 210 and 219 ---------------------------------------------------------- Positive & Negative Point: 1) Neutral in Daily and weekly chart. 2) Very bearish in Monthly chart. ---------------------------------------------------------- (Disclaimer: This is only for educational purpose.)