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Equalbucks
Feb 21, 2024 9:37 AM

ITC  

ITC LTDNSE

Description

NSE:ITC Reversal Candidate

ITC NEAR SUPPORT ZONE ON CHART AND RSI IN THE OVERSOLD ZONE

Can expected a shorting covering in the ITC. Because it's Rsi in oversold zone maximum down side possibility stock goes and test the level of 395. If it gives reversal around 395 then we can expect good upside.

Trade closed: target reached

Comments
vineetsehgal4000
rsi is the most false and stupid indicator
Equalbucks
@vineetsehgal4000, it's depend how you use this indicator....if you only rely on this indicator then it's not good
praghna258584
will it go back to 395 now?
Srinath03krithik
@praghna258584 let it go 425 to 430 and then decide 460 or 393
Equalbucks
@praghna258584, i don't think so, i am expecting 430 in short term...if it comes around 395 we can expect sharp upside movement
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