prathamaggarwal
Short

ITC (Short Candidate) - May see 287/285/281

ITC (NSE:ITC)  
NSE:ITC   ITC
ITC has crucial the upper trendline Resistance at 292 and can fall from that Levels and broke 0.5% Fibonacci Support at 287. Can be shorted below 290, SL - 296

Please consider following reasons -

1. Trend Line
2. Negative Divergence
3. Poor Market Sentiment
Oct 23
Comment: Target 1 and 2 Achieved,
It may see levels of 300 in the upcoming days
Reply
prathamaggarwal surajagarwal15743
@surajagarwal15743, All contradictory view appreciated. Please also state reasons for the same. It might help people.


Plus : I have small SL in case the ITC goes up. :)
Reply
surajagarwal15743 prathamaggarwal
@prathamaggarwal, On daily chart ITC is standing at a crucial resistance. If volatility reduces, FMCG sector may tend to outperform other segments as we have seen in past couple of days. Further ITC may try to fill the gap created on 26th July. So 300 may be on the cards.
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