ITC - May not be favourable for long now

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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.

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ملاحظة

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.

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أغلقت الصفقة: تم الوصول للهدف

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