ITC at Strong Support Zone

ITC retesting its short term support trend line. It has been in the long term uptrend since 2010. Between 2013-2017 it went into a consolidation phase after giving impressive return.In Jan 2017 moved out of the consolidation zone of 4 year and moved to all time high. Recently this stock witnessed a major correction of around 30% from its top and trading around its strong support zone. As we can see the uptrend support line and 100 EMA support at the current price zone. From current level we can expect the stock to continue its uptrend movement to the new high. We will be waiting for MACD Signal line crosses MACD and Williams %R to move above -50. We will be waiting for MACD Signal line crosses MACD and Williams %R to move above -50.