Applied Fibonacci retracement. ITC touched its 1.618 retracement at 321 levels and corrected.
100% Fibonacci level is around 296 so expecting correction till 296 and may be uptrend to resume depends on the situation.
296 will be a crucial level to watch out and a nice buying opportunity with good risk reward ratio.
100% Fibonacci level is around 296 so expecting correction till 296 and may be uptrend to resume depends on the situation.
296 will be a crucial level to watch out and a nice buying opportunity with good risk reward ratio.
Trade active:
Sell with a stoploss of 310 target 301 297
Trade closed: target reached:
First Target reached
Trade closed: target reached:
The second target of 296 reached. Trade closed.