ITC has been in an uptrend since last year.. It is now confirmed to be trading in a rising wedge formation in medium term and in a descending triangle formation in short term... Both have bearish connotations..
Volume oscillator also has downtrend..
200-205 levels have been extremely strong support in the past..but strong support also means strong resistance...
Look for a break below 200 level .. It would be a sign to close long position (or open short position)..
Only Educational, not a call.. Trade at your own risk..
Volume oscillator also has downtrend..
200-205 levels have been extremely strong support in the past..but strong support also means strong resistance...
Look for a break below 200 level .. It would be a sign to close long position (or open short position)..
Only Educational, not a call.. Trade at your own risk..
Comment:
when price breaks below 200 with volume.. that would be the indicator..