ITC swing idea (Long)
ITC stock has formed a double bottom pattern on day chart & ascending triangle on weekly chart.
-->The stock has not retested it previous support zone of 200 and have sustained above the support zone consistently .
-->ITC moves slower, one should buy for a higher time frame (2-4months) with double bottom as your stop loss.
-->If break out happens a very significant rally can be seen on upside.
-->The stock has not retested it previous support zone of 200 and have sustained above the support zone consistently .
-->ITC moves slower, one should buy for a higher time frame (2-4months) with double bottom as your stop loss.
-->If break out happens a very significant rally can be seen on upside.
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