ITC ENDED as top gainer today at 277 points. It was also top traded and delivered stock and its volume was 398% more than average volume. It shows the end of uptrend showing HANGING MAN’ pattern where the stronger hands are going to be bears in near future. It was also in news today where Govt sold shares of 2% of ITC and fetched around 6700 crore as a result of divestment strategy. It was trading 52 week high and touched high at Rs 290 per share.

3 Comments
  1. EQSIS 7 years ago

    As suggested, correction is imminent

  2. EQSIS 7 years ago

    As expected the stock is topped the loser list.. It may lose some more in next few session..

  3. Udayarka Pakala 7 years ago

    Hi Sir, I confused here ****if I sell below 240 (Entry price) having target of 250 then I need to buy at 250 therefore l loose 10 rs, and also the stop loss mentioned as 270 if stock reached 270 I still loose another 20 rs since i need to exit at that point.. I think I am not understanding this trade concept. Could you please spare some time and advise me how to understand this trade plan. Thanks in advance. Have a good day sir…………..

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