The stock has broken crucial support level of 192 on Friday and there is a short buildup in the futures with an increase in open interest of 5.93 % on Friday, the stock could be a good opportunity for short selling especially for intraday on Monday.

There is a bearish engulfing pattern on Friday and the stock is below 9 day,20 day, 50 day moving average indicating a down trend in the stock.

—————————————————————————————–
Stock Ticker – NSE: ITC – ITC Ltd. – CONSUMER GOODS
Bearish Trade plan:
Entry Level 186 Target 176 Stoploss 192
Analyst Rating – :4/5
View Posted on 2020-09-05

0 Comments

Leave a reply

©2022 | Rights Reserved | EQSIS | Terms and ConditionsPrivacy Policy

CONTACT US

We're not around right now. But you can send us an email and we'll get back to you, asap.

Sending

Log in with your credentials

Forgot your details?