00:00This is also the question about ITC, what is the fall of ITC shares from Uday Mistra ji?
00:05Is it over or is there still more left? How much should we trust ITC now?
00:19If the decline is about to be complete and if it is a pattern-wise thing, then I don't think there is any need to dwell on it.
00:24Any comment of any kind will be fine.
00:27To study the reason behind the decline, we need our 2017-18 data.
00:37Heavier ones have had to be seen
00:38The 2017-18 one was even heavier, coming in around 320 and not having a stance either.
00:46Have got
00:49So what should be its base building then, now the base building then now its base beading is going on.
01:00As for the decline ending, I am not seeing any specific indication for now, if there are some results
01:08trigger cauldron
01:09So if this stock gives you a close above 315, then it will clear all the small barriers.
01:16Unless it clears the barrier at 315, there is a risk of it going even lower.
01:22Of
01:22And the base building should be around 250
01:27So 315, 335 are all such barriers which will probably not allow it to have a very clean movement right now.
01:37Since ITC is oversold, a little bounce is possible but I don't think this bounce will reach 335.
01:45The stock will allow it to sustain over
01:48So this is the range, its bottom formation can be around 250 and 335, 250 all these are in this range.
01:56Its movement will continue for a long time
02:02Here I have placed a monthly chart and have plotted a retracement from 135 which is your Covid low.
02:11His move was made from around 535 to 539 AD.
02:14Exactly 61.8% retracement is coming right now around 250 and that is where it is currently showing some parity.
02:23If it seems to have happened then after such a big move of 61.8% retracement, does it indicate that yes
02:31Maybe a bottom can be formed here, if not here then a little 10-20 rupees forward or backward
02:38The way it is falling, where should its retracement point come from? First, it should become pliers if you
02:48Let us see what could be a better parameter than Covid Low.
02:55If you take Covid then it will be the second option but its main pattern has started in 2022, so the pattern there
03:05So maybe it is over and it is running below that, it is running below 300, what does it mean then
03:12We will go and check the original Covid list as you said, then if we trace it from the Covid list then
03:19Yes, I am fine with this, you have removed this thing, now let's see if we can get it retraced from Covid Lo.
03:27Even if we retrace from the 2022 low, a common support was found at 300, which was around that level.
03:39It is falling below the stock price and sustaining it, isn't it too much?
03:46Secondly, your 62% retracement from the Covid low is around 260 and that is where the first base building is.
03:53If it has happened then formidable support will be said to be in the range of 250-260 only.
04:0261.8% from the Covid low, which is around 285
04:10If we are taking retracement from the entire Covid low, then 61.8% is around 250.
04:15-It is nearby
04:2062% retracement, this 62% retracement from the Covid low is near 260, right?
04:33That here you can see in the chart, Covid started from low and your top is around 530.
04:39The top is
04:4061.8% If you look at it, it comes out to be exactly 285
04:50What is all going on
04:5461.8% of this is coming around 285
05:18What is your starting point, meaning what is the starting point for Parwari March 2020?
05:29Yes, they are the same people, the pot data may be a little higher or lower, but the data I have put
05:36This is what it is giving me
05:44Okay, so right now, the basic question is how much trust do they have in IT C?
05:51do
05:55Whose words should I listen to? Basically, their question is whether the decline of IT has stopped or not.
06:01If it stops then what about it
06:04Let's take a viewpoint and not agree, see, the answer to their question is that IT C's
06:13There is no clear indication yet whether the final bottom has been formed or not. Understand that 335 nikle bagar
06:19If I don't come then I will be the bottom...
06:31If he crosses it then this analysis will be more accurate and that analysis will be more effective.
06:41The probability of this being correct is higher that we became the bottom
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