ITC Breaks Higher on Inverted Head & Shoulders Breakout

-> Inverted Head & Shoulders Pattern -

ITC recently completed an Inverted Head & Shoulders formation, a strong bullish reversal pattern. The breakout above the neckline signaled renewed buying interest, and recent price action confirmed that momentum with a decisive upward move.

-> Bullish MACD Crossover -

Adding strength to the breakout, the MACD line crossed above the Signal line few days back, confirming a bullish crossover. This technical indicator reinforces the positive sentiment and indicates strong momentum building in favor of the bulls. The combination of pattern breakout and indicator alignment explains recent upward surge.


=> NOTE -

Bullish momentum of this pattern is over as target has been reached