ITC, MORE PAIN IN COMING DAYS? (CHART# 334)

ITC after consolidating in a range for 20 days has broken down today. Also this stock has fallen so much from its glory days but price action indicates more bear grip if this cross below 164.
There is a possibility that it will retrace back to zone if market is bullish and it won't trigger but in case market is bearish, it will continue to scale new low.

Ideas published yesterday JSWENERGY & BHARTIARTL gave 9.5% & 4% move respectively.
Watch my other charts to understand simple price action used for all of the analysis. Keep your charts simple and free from lagging indicators.

Thanks
Piyush Gupta