ITC was bullish from 160 level but now it is consolidating within the range of 205-185.
As we can see sellers are pushing the market down near 205 level, whenever the price touches that level heavy selling come into play.
Right now i dont see any sign of buyers at current level and sellers push the stock down again and again whenever it tries to come up.
So i am bearish on ITC it can go down to 190 and if sellers come with volume support thn they can push ITC toward 185.
SL can be above 195 lvl Good risk to reward
As we can see sellers are pushing the market down near 205 level, whenever the price touches that level heavy selling come into play.
Right now i dont see any sign of buyers at current level and sellers push the stock down again and again whenever it tries to come up.
So i am bearish on ITC it can go down to 190 and if sellers come with volume support thn they can push ITC toward 185.
SL can be above 195 lvl Good risk to reward
Yorum:
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