ITC - May not be favourable for long now

2022년 4월 18일

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.

2022년 4월 19일

노트

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.

2022년 4월 20일

거래청산: 타겟 닿음

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