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ITC

What's happening in ITC?ITC daily chart: After completion of Normal or Trending Impulse, the price falls. We can see clearly that the first leg of this fall looks like an impulse (shown by red 1-2-3-4-5), which is wave A of Zig-zag. Then price retraced to 38.2% forming wave B. Currently, wave C is developing in ITC. The minimum fall for this is 61.8% extension, which is near the 459 level. Remember that this is a minimum fall for any Zig-zag pattern. If the price breaks 459 and starts trading below it, the target of 100%, which is near 438.85, will be achieved. (This also fulfills the Rule of Equality). This analysis is based on Elliott Wave theory and Fibonacci. This analysis is for educational purposes only.
NSE:ITCShort
by theprofityogi
The Breakout Retest Play: 5 Stocks to Consider1. Infosys NSE:INFY ● The stock has formed a Rounding Bottom pattern, and after the breakout, it rose significantly, reaching an all-time high near 1,990. ● Currently, the stock is trading slightly above the breakout level following a minor pullback. ➖ Best buy level: 1790 - 1830 2. ITC NSE:ITC ● The stock encountered resistance between the 470 and 480 levels multiple times. ● After breaking through this range, the price surged to an all-time high of 528. ● The price then faced rejection at this peak and has since retreated to the breakout level, where it is now rising again. ➖ Best buy level: 470 - 480 3. Lupin NSE:LUPIN ● The stock achieved a breakout after nearly nine years in August 2024. ● Following an initial upward movement, the stock price pulled back for a retest and is now trending upward once more. ➖ Best buy level: 2000 - 2050 4. Birlasoft NSE:BSOFT ● After breaking out of the Rounding Bottom pattern, the stock price surged to an all-time high of 856 before declining. ●The stock is currently trading at the breakout level, which appears to be a strong support. ➖ Best buy level: 550-560 5. Emami NSE:EMAMILTD ● After a prolonged consolidation, the stock developed an Inverted Head & Shoulder pattern. ● Following the breakout, the price surged to an all-time high of 860 but faced strong rejection from that level. ● The stock is now approaching a retest of the previous breakout level. ➖ Best buy level: 595 - 600
NSE:INFYLong
by GoodluckCapital
ITC - Symmetrical TriangleITC - Symmetrical Triangle Name - ITC Pattern - Symmetrical triangle Timeframe - Wkly Status - Breakout with good volume Cmp - 501.9 Target - 602 SL - 463 Fundamentals : ITC Limited is a diversified conglomerate with strong fundamentals. Here are some key financial ratios and highlights: Key Financial Ratios Price-to-Earnings (PE) Ratio: 30.861 Price-to-Book (P/B) Ratio: 8.821 Debt-to-Equity Ratio: 0.0011 Return on Equity (ROE): 28.69%1 Net Profit Margin: 26.13%1 Enterprise Value to EBITDA: 18.171 Highlights Profit Growth: ITC has shown a good profit growth of 16.15% over the past three years2. Return on Capital Employed (ROCE): 36.42% over the past three years2. Debt-Free: The company is virtually debt-free with a healthy interest coverage ratio of 347.532. Strong Margins: ITC maintains high margins, with an EBITDA margin of 36.76%1. Business Strengths Diverse Portfolio: ITC operates in various sectors including FMCG, hotels, paperboards, packaging, agribusiness, and information technology3. Strong Brand: The company has a robust brand-building capability and extensive distribution network. Sustainability: ITC has a good ESG score relative to its sector4. These fundamentals indicate ITC’s strong financial health, profitability, and growth potential. Are you considering investing in ITC, or do you need more detailed information on any specific aspect? Pattern : A symmetrical triangle pattern is a common chart pattern in technical analysis that indicates a period of consolidation before the price breaks out, either upward or downward. Here are the key features: Structure Converging Trendlines: The pattern is formed by two trendlines that converge towards each other. One trendline connects a series of lower highs, and the other connects a series of higher lows12. Volume: Typically, volume decreases as the pattern progresses, indicating a reduction in trading activity and volatility. Interpretation Neutral Pattern: The symmetrical triangle is considered neutral, meaning it can signal either a continuation of the existing trend or a reversal, depending on the breakout direction. Breakout: A breakout above the upper trendline suggests a bullish move, while a breakout below the lower trendline indicates a bearish move12. Trading Strategy Entry Point: Traders often enter a position when the price breaks out of the triangle with increased volume. Price Target: The price target is typically estimated by measuring the height of the triangle at its widest point and projecting that distance from the breakout point. Stop-Loss: A stop-loss order is usually placed just below the breakout point to manage risk1.
NSE:ITCLong
by VCharts_TA
ITC Flag & Pole patternThe stock has formed flag & pole pattern on the monthly chart. One can enter above 511 with a strict Stoploss of 422 Target 1 - 599 Target 2 - 640 Target 3 - 697 All levels are mentioned in chart. #LONGTERM TRADE #FUNDAMENTALLY STRONG STOCK #ITC What is your view please comment it down and also boost the idea this help to motivate us. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
NSE:ITCLong
by JJJ-555
ITC - Expecting a ATH Breakout soon! 50%+ gains loading...Price Analysis & Overview: 1. Prices are holding support, most likely the base formation is complete. 2. EMA support taken 3. It should break the trendline with strength to continue the momentum. 4. Minimum 50% upside move pending. 5. Worst case it might restest 367 breakout level. 6. A must-have defensive (FMCG sector) stock in core pf. Monthly view: - Stay tuned for further insights, updates and trade safely! - If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading! Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing. Thanks & Regards, Anubrata Ray
NSE:ITC
by SuperNova396
ITC Ltd - Breakout OpportunityDate : 18-Jul-2024 LTP : Rs. 470.25 Targets: (1) Rs. 481 --> (2) Rs. 499 --> (3) Rs. 532 SL : Rs. 433 on daily close basis Technical View: • NSE:ITC was going through primary downtrend since Jul-2023. • After touching the high of 481.45 on 4-Jan-2024, it has retraced 17% to 399.4 level and it has retraced 20% since Jul-2023. • On 15-Jul-2024, NSE:ITC has broke out from its primary down trend with higher volume. • NSE:ITC is trading above 20 DMA, 50 DMA and 21 DEMA. • RSI is trading at 78.79 and MACD is trading at 9.64. Indicating bullish momentum. • Looking strong to start an uptrend. Disclaimer : I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. My ideas are published for learning purpose only and are available to everyone at no cost/charge.
NSE:ITCLong
by vicky252
ITC IS GOING TO HIT 500!!!Once share break the green line and it gives positive signal to enter for long term target 500 but 392 is near support too. If by chance it breaks then near term short position will be chosen. My 1st Target is 427 2nd Target is 450 Since volume is increasing day to day and it is near to support and moreover, reason for downward is BAT going to reduce its stake. I doing to think it will happen at this level. So chances of upward is more as compare to downward.
NSE:ITCLong
by sunnyfutures
ITC's Key Support & Resistance: Trade Smartly!Current Scenario: • ITC is currently trading at ₹429.05, showing signs of consolidation. • The stock has tested the support level twice (T1 and T2), indicating strong support around ₹402.90. Key Levels: • Entry Point: ₹416.25 • Stop Loss: ₹402.90 • Target Levels: • Target 01: ₹437.90 • Target 02: ₹444.70 Analysis: • The stock is forming a pattern where it respects the support level, which could be a good opportunity for a bullish entry. • The previous low and support touches suggest that buyers step in around these levels, providing a safety net for long positions. Trading Strategy: • Bullish Scenario: Enter at ₹416.25 with a stop loss at ₹402.90. Look for the stock to move towards the first target of ₹437.90 and possibly extend to ₹444.70. • Bearish Scenario: If the stock breaks below the stop loss level of ₹402.90, it might indicate further downside risk. In this case, it’s advisable to exit long positions to prevent losses. Conclusion: • ITC is showing a well-defined support and resistance structure, offering clear entry and exit points. • Traders can leverage these key levels to strategize their trades effectively, minimizing risk while maximizing potential gains. Keywords: • ITC Stock • Technical Analysis • Support and Resistance • Trading Strategy • Entry Point • Stop Loss • Target Levels • Market Analysis • Stock Trends
NSE:ITCLong
by OptimaltradeX