ITC Share Prices Shot up by 13% - Breaks the Resistance

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Take a Look at the Price Action Analysis of ITC (NS: ITC ) on a 1D Chart. ITC Share Prices Broke through the Resistance at 218. We can see a very Good Momentum Breakout on the Chart.

Price Action Analysis of ITC on 4H Chart



Even the Volume has Increased Drastically above Average – At present, the Total Turnover of the Trading Volume is above 100 Million Shares. (At the time of writing this article)

At the beginning of September, we saw a Level Hold Price Action Setup at the Parallel Support. I have already discussed this Price Action Trading Setup in one of my previous contents, make sure to check the content on my Website. Also, I will leave the link to the Video Below, make sure to watch it.

So from the Level Hold Price Action Trading Setup, ITC Stock Prices has gained 13% overall. Even though we are seeing a good movement in the Stock Prices, It’s better to wait for a Retest and then take positions. As a Price Action Trader, I won’t rush into the trade, since ITC is well-known for Persistent sideways market.

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  • Trading Coach @Trading Coach
    Hi Folks and Regular Readers, Just a Quick Clarification - Its 13% from the Bottom of Level Hold Setup ! From the Breakout its 7%
    Like 0
  • Anand Sagar Roy @Anand Sagar Roy
    How come 13% ?
    Like 2
  • Amit Acharya @Amit Acharya
    ITC will be bullish above 242 only & not before that. Short covering happened a lot. Sustaining 242 will take it ITC to 305 levels.
    Like 3
  • Amit Acharya @Amit Acharya
    It shoot up 7% & not 13%. Delete this post & submit a fresh one.😀
    Like 5
    • Nikhil Pai @Nikhil Pai
      Read properly bef blabbering!! 😏
      Like 0
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  • Ashutosh Kumar @Ashutosh Kumar
    Increas 6.60% not 13%
    Like 3
  • Hitesh Rathi @Hitesh Rathi
    target
    Like 0

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