ITC - Trending back towards upper end of the channel

6 בדצמ׳ 2020

ITC Currently trading at 198. Stock has moved up well and in heading towards the upper channel. It has also broken the resistance line and has given a break out. The immediate pivot is near 210 levels. Sustaining above 210-212 would move ITC in to a long term bullish phase and the stock can start its rally towards making new highs. I would recommend investors to take long term positions in ITC above these levels and also watch out for volumes to get better clarity. A weekly close above 210 would be a better bet to enter for long term.