ITC Closes at `358.84 with a Fall of -0.40% on 28 March 2014 with formation of a Red Candle & Bearish Bat Pattern on Daily Price Chart with Huge Delivery Volume at NSE. Technically, ITC is Looking Week on Daily Charts. Major Momentum Indicators are Loosing Strength on Daily Price Chart.
We Recommend to SELL: ITC ` Below 357.23
Target : `348.00/330.26/303.30
Stop: Loss :`359.70
Time Frame: 10-25 Trading Days
Editor’s Note : This Article is written by Vina S Singh, Senior Chartist at www.niftynext.com , which is a Technically Based Quant Research Firm in Durgapur, West Bengal, India that covers all Stocks(Traded at NSE) & In-Depth Analysis of Indian Equity Market, Major World Indicies, Bonds, ETFs. We use Ami Broker Charting Software (V-5.65), Pattern Explorer (V-4.25) & Ami Tools-Power Scan(V-1.3.6).
You can reach the Chartist here mail@niftynext.com Or Tel / SMS: +91 880 2230 836.
We Recommend to SELL: ITC ` Below 357.23
Target : `348.00/330.26/303.30
Stop: Loss :`359.70
Time Frame: 10-25 Trading Days
Editor’s Note : This Article is written by Vina S Singh, Senior Chartist at www.niftynext.com , which is a Technically Based Quant Research Firm in Durgapur, West Bengal, India that covers all Stocks(Traded at NSE) & In-Depth Analysis of Indian Equity Market, Major World Indicies, Bonds, ETFs. We use Ami Broker Charting Software (V-5.65), Pattern Explorer (V-4.25) & Ami Tools-Power Scan(V-1.3.6).
You can reach the Chartist here mail@niftynext.com Or Tel / SMS: +91 880 2230 836.