trademanthan

ITC to fall below 400, RSI Divergence & Elliot Wave

Short
trademanthan Updated   
NSE:ITC   ITC LTD
ITC has exhausted its bull run and indicating divergence on daily chart, Elliot correct wave is also due for further up move. This can lead to fall of ITC below 400 by Aug'23.

We can initiate short trade once white line breaks, or we can do now also with SL of 458

Disclaimer - The above idea is only for education purpose
Trade active:
Lets' wait and watch, close the short position above red line.

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