Chart Pattern itself explains well about the technical situation in ITC.
1. Channel from feb 2022 seems broken[/b].(we need the next day candle confirmation for a definite move downside)
2. Bearish flag pole pattern (11th nov to till date) roughly gives a target a 18 points down side.
3. Fib levels too broken.
SL and Target levels are as mentioned in the chart.
Volume seems to be the concern for the channel breach candle downside.
Monday's candle seem to be important for the move either side. Wait for it and then Plan your trade.
Let's wait and watch!!!!
Note: Just sharing my view....not a tip nor advice!!!
1. Channel from feb 2022 seems broken[/b].(we need the next day candle confirmation for a definite move downside)
2. Bearish flag pole pattern (11th nov to till date) roughly gives a target a 18 points down side.
3. Fib levels too broken.
SL and Target levels are as mentioned in the chart.
Volume seems to be the concern for the channel breach candle downside.
Monday's candle seem to be important for the move either side. Wait for it and then Plan your trade.
Let's wait and watch!!!!
Note: Just sharing my view....not a tip nor advice!!!
Transaction en cours
Note
SL level reached....still the script not looking good for bulls...have to wait for clarity!!!
Note
superb bearish candle...needs follow up to confirm.Transaction en cours
Note
Good followup...Note
Bearishness prevails!!!
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.