01-12
Daily chart of ITC1!
LTP: 342.55
The RSI looks weak. The setup is bearish and it is under the 50 mark which indicates weakness
The candles did breach the resistance (manual) at 349.15 but couldn't hold and have been respecting the resistance.
Support (200 EMA) is at 300 and the gap between the candles and 200 EMA is not comfortable.
I have gone short for intraday.
Daily chart of ITC1!
LTP: 342.55
The RSI looks weak. The setup is bearish and it is under the 50 mark which indicates weakness
The candles did breach the resistance (manual) at 349.15 but couldn't hold and have been respecting the resistance.
Support (200 EMA) is at 300 and the gap between the candles and 200 EMA is not comfortable.
I have gone short for intraday.