ITC - Count Seven & Go To Heaven (Wave Analysis)

All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
Once Seven Waves are done on the upside- structure completes & Next larger degree wave could start soon for ITC which most probably points to the downside direction but as a trader, we have to put proper risk management to get a maximum advantage (check trading strategy mentioned below)

Importance of Number Seven

Number 7 came from - Seven headed flying horse - "Uchchaihshravas" was obtained during churning of milk ocean (Samudra Manthan - as suggested Hindi)

Horses signify
  • Seven days in a week
    Seven sages called Saptarishi
    Seven colours of the rainbow
    Seven Chakras of Yoga

Last TradingView Status Update
11:36 Hrs / 9th July 2020 - ITC Stock Update - Please check last idea-"Bearish Gartley" Suggested Buy above 195 for 200 & 205-207. We can repeat the same strategy again. Strictly Buy Above 195 for 200 & 205 upsides or Sell Below 194. Thanks

TradingView Profile Page for Previous “ITC” stock ideas

Trading Strategy

Plan A
Strictly holding above 195 – look for Target 1- 200 & Target 2 – 205/207 which is valid & open only if the stock crosses above 200 & holds – that means it should not slip or fall below 200 level

Plan B

Strictly Selling below 194 for Target 1 – 190/191 & Target 2 – 185 open or valid if stock slips below 190

Plan C

No trade zone or strictly avoid any trading between 194-195 zone & Execute Plan A or Plan B according to the price movement

Plan D ( Long Term Analysis)


Scenario – Reaches close to 209 & fails to cross on the upside then sell or if crosses above 209.50 then sell later – Target 1 – 180 / Target 2 (Strictly Below 180) for 157-158 / Target 3 – (Strictly Below 157-158) – 135 which is final target downside

Thanks for watching the idea. Take Good Care of Yourself & dear ones. Good Night
Best Regards,
Abhishek H. Singh, CMT
​Growth Director - TradingView India

YouTube Channel https://www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw

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Sir i don't understand why are you explaining Trading view rules n feature in this video.

Title says ITC analysis but more than 50% of video is just time waste explaining new features n rules...
+14 Reply
potphode19 AnantJain_09
@AnantJain_09, agree
+1 Reply
vs6681 potphode19
@potphode19, Agree... Ab isme bhi technical se jyada GHODE daal diye.... 7 Ghode ye sab vo sab.... Bhai seedhe bolde 194 pe support hai...
+1 Reply
@vs6681, If you don't like his ideas, the don't follow him or waste your time following his ideas. Its a free country, but money comes at a cost.
+4 Reply
@vs6681, one should not be smarter as others may need and such explanation creates great things. PL.be positive .The ideas are for those who are in need and not for smart investors. Try to ignore and get positive and rest....I liked your point but dear others needs to learn to come to your level.Thanks.
+3 Reply
leonine9 vs6681
@vs6681, Bhot sahi kaha. Kuch bhi theory banane ke liye Mythology ghusa denge. Seedha bolna nahi aata
+2 Reply
Sourav_ghosh AnantJain_09
@AnantJain_09, He is the Growth Director of Tradingview. so it is his liability to grow the tradingview community by sharing the advantages of this platform. Simple.
+2 Reply
good but 135 target is over exaggeration. could you please tell y it will come to an extent of 135 given its fundamental and nifty levels..
+4 Reply
I have seen so many negative comments about Abhishek, all are saying so because you all getting this great analysis in free. If you have paid this analysis than you would have listen all kind of things from that guy.
Abhishek is educating whole trading view community and not only pro over here. He also want us to learn chart analysis due to which he explains trading view features.
If anyone has problem than they can ignore that part
+3 Reply
One thing that I have noticed is that ALL the successful traders across the globe are NOT CMT. Why so? xD
+2 Reply
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