ITC Limited – Trendline Breakout Setup
ITC has been trading under a long-term descending trendline, facing multiple rejections since early 2025. Recently, the price formed a strong support zone around ₹395, followed by a potential breakout attempt from the trendline.
Key Observations:
Multiple rejections confirm the validity of the descending trendline.
A fakeout occurred earlier, but this time price is showing strength near support.
If the breakout sustains above ₹415–₹420 zone, we may see a move toward ₹450–₹465.
Support to watch: ₹395
Trade Plan (Bullish):
Entry: Current Market Price
Stop Loss: Below ₹395
Target 1: ₹445
Target 2: ₹465
Target 3: ₹480
ITC has been trading under a long-term descending trendline, facing multiple rejections since early 2025. Recently, the price formed a strong support zone around ₹395, followed by a potential breakout attempt from the trendline.
Key Observations:
Multiple rejections confirm the validity of the descending trendline.
A fakeout occurred earlier, but this time price is showing strength near support.
If the breakout sustains above ₹415–₹420 zone, we may see a move toward ₹450–₹465.
Support to watch: ₹395
Trade Plan (Bullish):
Entry: Current Market Price
Stop Loss: Below ₹395
Target 1: ₹445
Target 2: ₹465
Target 3: ₹480
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。