ITC Limited has recently shown a strong correction from its highs near ₹400+, retracing towards a key Monthly Demand Zone, indicating a potential accumulation area for long-term buyers.
🧩 Chart Structure & Key Levels:
Entry Zone (Monthly Demand): ₹339 – ₹336
Stoploss Zone: Below ₹324
Target Zone: ₹398 – ₹400
🔍 Technical View:
Price has retraced back into a fresh Monthly Demand Zone, where institutional activity (buying interest) was visible previously.
The zone aligns with previous breakout levels, increasing its importance as a potential demand re-entry area.
The strong bearish move has pushed ITC into an oversold region, and the stock is now testing long-term support near its 20-Month SMA.
The risk–reward ratio for this setup looks attractive, with potential upside toward ₹398+ if demand holds.
💡 Trade Plan & Outlook:
If price sustains above ₹336, we can expect renewed buying momentum from the demand zone.
The first confirmation would come once the price closes above ₹345 on the lower timeframes.
The setup aligns with the Demand–Supply trading framework, focusing on institutional footprints rather than retail emotions.
“Markets move from demand to supply. When price revisits institutional demand with structure intact, it offers high-probability entries. ITC’s monthly setup perfectly reflects this concept.”
This analysis is for educational purposes only and not investment advice.
Please do your own research or consult a financial advisor before taking any trading decisions.
#ITC #StockMarketIndia #TechnicalAnalysis #DemandSupply #SwingTrading #PriceAction #TradingStrategy #NSE #AkitenAcademy #SahilArora #TradeWithSahil
🧩 Chart Structure & Key Levels:
Entry Zone (Monthly Demand): ₹339 – ₹336
Stoploss Zone: Below ₹324
Target Zone: ₹398 – ₹400
🔍 Technical View:
Price has retraced back into a fresh Monthly Demand Zone, where institutional activity (buying interest) was visible previously.
The zone aligns with previous breakout levels, increasing its importance as a potential demand re-entry area.
The strong bearish move has pushed ITC into an oversold region, and the stock is now testing long-term support near its 20-Month SMA.
The risk–reward ratio for this setup looks attractive, with potential upside toward ₹398+ if demand holds.
💡 Trade Plan & Outlook:
If price sustains above ₹336, we can expect renewed buying momentum from the demand zone.
The first confirmation would come once the price closes above ₹345 on the lower timeframes.
The setup aligns with the Demand–Supply trading framework, focusing on institutional footprints rather than retail emotions.
“Markets move from demand to supply. When price revisits institutional demand with structure intact, it offers high-probability entries. ITC’s monthly setup perfectly reflects this concept.”
This analysis is for educational purposes only and not investment advice.
Please do your own research or consult a financial advisor before taking any trading decisions.
#ITC #StockMarketIndia #TechnicalAnalysis #DemandSupply #SwingTrading #PriceAction #TradingStrategy #NSE #AkitenAcademy #SahilArora #TradeWithSahil
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.