ITC has upward trend. But there is some doubt in downward trendline marked in red colour.
If it crosses this line upward then it will be going to touch 240 level. So look at this line.
Disclaimer: This analysis is for educational and information purpose only. Please invest or trade at your own risk.
There are following 3 indicators which indicates that Nifty will be bearish from 11150-11200 range
- There is resistance at 11150 (pink line).
- Fib indicates there is resistance at 11200 (blue line)
- Trend is going to converge around 11200 level
