This is a monthly chart ananlysis
I have various confirmations to short ITC...
1 . previous support may act as resistance
2. it is at 50% fibonacci line where it has given a long wick..showing more selling pressure
3. the move ending at 50% fib level is of same length of previous move .....
.
Lets see what happens this is just a view....
I have various confirmations to short ITC...
1 . previous support may act as resistance
2. it is at 50% fibonacci line where it has given a long wick..showing more selling pressure
3. the move ending at 50% fib level is of same length of previous move .....
.
Lets see what happens this is just a view....