ITC - Elliott Wave Update

1. ITC has been sporting a rare EW pattern, a double flat.
2. Now this whole pattern may be looked at just as a rectangular correction, with minimum breakout expectation of around 350.
3. But if we count it as a double flat, then we have a correction pattern which suggests tremendous upward price potential, on our hand.
4. This counter has been in a secular uptrend, and this pattern only adds to the strength of this bull move.
5. I would watch 350 odd level for a pause, another corrective pattern, albeit on smaller degree, and then resumption of this up move again above 350.