ITC LTD
Short

Coming back from trend line

Updated
Stock failing to breach local of 205 in multiple attempts, will look to sell below 197 for a target or 187 and below that 170.
Managing loss are very important , it should be sold if untill friday's low is broken. holding above 200 will make this trade invalidated. We need to define our both sides exit points before getting into trade. And wait for confirmation to enter in trade. Till then just wait, dont do anything, wait like a sniper and hit
Note
still no confirmation to trade this, should fall and hold below 197-196 for trade to be active
Trade closed: target reached
closed at 189, made a low of 188 around, will look to sell again at 195-197 or below 187
Beyond Technical AnalysiscomingbackornotTrend Analysis

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