Take a Look at the Price Action Analysis of ITC on 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)
In the Beginning of September, we saw a Level Hold Price Action Setup at the Parallel Support. I have already discussed about 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 of 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.