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guptapriyaank

ITC - May not be favourable for long now

ITC LTD (NSE:ITC)  
guptapriyaank Uppdaterad   
NSE:ITC   ITC LTD
Trend Analysis Chart Patterns ITC neutral
4
3
trendanalysis chartpattern itc neutral
Rejections candles visible in the chart, check volume in abs number and (both highlighted in the box). My view is not to go long from here now. I will wait for followup candles.
Kommentera:
As mentioned inspite of high volume price started rejecting at higher side. Volume is a leading indicator but be careful at which stage of price structure volume spikes.
Hoping people have started trailing their profit. To enter we need to wait below 260 levels.
Trade stängt: målet nått:
Closing this trade, Our analysis was bang on despite Nifty remain positive today, ITC was down.
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