srikartiram
Long

ITC - Long opportunity (Gap Filling) 1:2 risk reward

ITC (NSE:ITC)  
NSE:ITC   ITC
It is quiet common, during Ex-Dividend and Record dates the stock price may fall.

ITC is corrected and taken good support at Trendline support with convincing RSI divergence on the field

CMP : 199
SL : 198
Target : 205

Risk reward 1:2
Trade closed: stop reached: Too much of selling pressure

Comments

I donot find any divergence in RSI and price chart
+1 Reply
srikartiram nani_nammi14301
@nani_nammi14301, I noticed in 30 min's minor divergence, but in 15 min's it was clear. I expected a small recovery and fill the gap. The edge here was the risk reward, just 1-2 rupee SL. Dint worked anyway ! Exited with a small SL.

I dont win in all the tradings :D
Reply
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