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.
ITC WITNESSES BEARISH REVERSAL SHOWING HANGING MAN PATTERN
feel free to call us +919500077790 info@eqsis.com
Stock Analysis
M | T | W | T | F | S | S |
---|---|---|---|---|---|---|
1 | 2 | 3 | ||||
4 | 5 | 6 | 7 | 8 | 9 | 10 |
11 | 12 | 13 | 14 | 15 | 16 | 17 |
18 | 19 | 20 | 21 | 22 | 23 | 24 |
25 | 26 | 27 | 28 | 29 | 30 | 31 |
Bullish View
Bearish View
- Bearish-GAP-SHORT-BICON-25-10-2019 October 25, 2019
- FEDERAL BANK – BEARISH ENGULFING October 17, 2019
- Cummins India – Bearish Engulfing – 24Sep19 September 25, 2019
- Day29-Tata Motors DVR – Bearish Piercing – 12Sep19 September 12, 2019
- Day27-Bearish-Engulfing pattern-Tech Mahindtra-09Sep19 September 10, 2019
How this forum help stock traders?
Stock Trading is business, the success depends not just on capital or subscribing advisory services or participating workshops. The factors such as your awareness level about business, Efforts and your contributions, Smartness, Knowledge in analysis and trading instrument, availability of infrastructure and emotional control determine your success.
As suggested, correction is imminent
As expected the stock is topped the loser list.. It may lose some more in next few session..
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…………..