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Bearish Engulfing-ITC-04Oct19
Short Position
Risk:Reward – 1:1
Previous Bullish trend
Good volume
Nifty downtrend will provide additional support
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Stock Ticker – NSE: ITC – ITC Ltd. – CONSUMER GOODS
Bearish Trade plan:
Entry Level 255 Target 246 Stoploss 263
Analyst Rating – :4/5
View Posted on 2019-10-05
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Hi,
Good spot sir, It appeared after an uptrend and it’s engulfed by a larger second candle indicating a shift toward lower prices.
Thank you