Div_Trader

ITC - How many Times will 200 Hold ?

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NSE:ITC   ITC LTD
200 is acting as support but its been tested too many times...

Lower highs structure is bearish for the stock.

I am betting on it to break and move lower towards 185 and then 175 and maybe even lower.

Invalidation of the structure will be higher low and higher high.
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Bearish Structure still remains

200 has been test for 7 times now... Next time it goes through it like a hot knife goes through a block of butter.

Idea invalid if starts closing above 216.

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