MakarandK

ITC 1W: +Ve view #ITC #Priceaction #Movingaverage

Long
NSE:ITC   ITC LTD
ITC 1W: Though price action showing strength still it appears to be 'NEUTRAL' in terms of R:R. Given EMA conversion breakout at 225 (Volume supported). Formed triangle within triangle. ADX> 25, RSI = 60. Much awaited above 249 & 257. SL 223 to approach a price around 300. NO GHAR VAPSI (208-215 band) this time.. Keep watching.

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