ITC- Technical Analysis

man4urheart · #1 9th October 2008, 11:50 PM

Past Present and Future of ITC!

1996-2000 Bull run

Learning: Break of Trendline!

man4urheart · #2 9th October 2008, 11:54 PM

2000- 2003 Bear market!

- 3 years of price congestion and then breakout from triangle !
- 3 years must have tested everybody's patience!
- Check the thin volume..nobody interested!

man4urheart · #3 9th October 2008, 11:58 PM

2003-2006 Uptrend

Breakout from Traingle took prices to new high!

man4urheart · #4 10th October 2008, 12:02 AM

ITC 2006-2007 Surprising rounding top

- It formed a slow decay rounding top!
- Check out the inverted volume confirmation!

A classic tect book pattern, rarely so clear!

- Check the MACD diveregnce and breakout from Trendline!

man4urheart · #5 10th October 2008, 12:38 AM

Current Daily View

- See how fast MACD divergence every time gives advance signal!

Last Monthly chart!

-MACD and RSI Divergence!

Do I need to say more?

I have not seen a script where so many thing happened....
Kind of technical textbook and a history to learn!

onlymuks · #6 14th February 2010, 11:59 AM

What does the present chart says about ITC? Will be good to have an update on a scrip which is following chart so religiously...

man4urheart · #7 15th February 2010, 07:23 AM

- One more up move to complete the wave pattern to 9.
- At same time 240 a important level holding up!