ITC breakout with volume and Elliot wave counts
This stock has been under performer most of times, but now the way chart is formed is a good sign for bulls, now it may do out perform against market also.
On daily time frame it has given good breakout along with good intensity of volumes, also trend indicators and oscillators are in favor to go long, Overall wave structure is also suggesting same bias as a bullish views.
Some highlights are shared below as a snapshots.
Breakout with good intensity of volume on daily chart
Wave counts and all the key levels are mentioned on chart, along with stoploss and targets.
MACD in weekly positive above zero line
MACD in daily positive, uptick and above zero line
RSI breakout on daily along with uptick above 60 & 70 levels
RK's mass psychological cloud and RK's stop line both are suggesting to go long
Price is above upper Bollinger band in daily chart, good momentum can be seen ahead
DMI and ADX in daily chart both are in favor to go long, both are positive
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
On daily time frame it has given good breakout along with good intensity of volumes, also trend indicators and oscillators are in favor to go long, Overall wave structure is also suggesting same bias as a bullish views.
Some highlights are shared below as a snapshots.
Breakout with good intensity of volume on daily chart
Wave counts and all the key levels are mentioned on chart, along with stoploss and targets.
MACD in weekly positive above zero line
MACD in daily positive, uptick and above zero line
RSI breakout on daily along with uptick above 60 & 70 levels
RK's mass psychological cloud and RK's stop line both are suggesting to go long
Price is above upper Bollinger band in daily chart, good momentum can be seen ahead
DMI and ADX in daily chart both are in favor to go long, both are positive
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
YouTube: youtube.com/@rk_charts
Telegram : t.me/RK_Charts
Twitter : @charts_rk
Email : rkcharts@gmail. com
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Telegram : t.me/RK_Charts
Twitter : @charts_rk
Email : rkcharts@gmail. com
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
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