ITC - May not be favourable for long now

18 апр. 2022 г.

Rejections candles visible in the chart, check volume in abs number and (both highlighted in the box). My view is not to go long from here now. I will wait for followup candles.

19 апр. 2022 г.

Заметка

As mentioned inspite of high volume price started rejecting at higher side. Volume is a leading indicator but be careful at which stage of price structure volume spikes.
Hoping people have started trailing their profit. To enter we need to wait below 260 levels.

20 апр. 2022 г.

Сделка закрыта: достигнута тейк-профит цена

Closing this trade, Our analysis was bang on despite Nifty remain positive today, ITC was down.