One of the most Powerful Price Action concept: Breakout. Once a stock breaks out, then it finds a reason to rally. It looks like similar thing is happening with ITC
ITC stock managed a breakout in the first week of Feb 2017.
The stock then pulled back to retest breakout point as support. I covered the stock back then in Breakout Section.
Here's ITC stock 3 months later.
The reasons do follow
— Harshada Sawant (@AEHarshada) May 22, 2017
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Disclaimer – The state of the market notes is Deepak’s perspective on the market. The column is purely for educational purpose. Nothing contained herein is a solicitation to trade or a recommendation of a specific trade. By reading this publication you agree to make no trade relying in whole or in part on the comments of the writers