ITC Chart after Breaking Down his First Support Create Another Support At Lower Levels and after Getting 2-3 Time Support not its Come his Major Hurdle pr Resistance Point and Trying to Make Breakout with His Most Power
Lets See in Coming Session What Happen???
ITC : Imperial Tobacco Company
ITC - This stock needs no introduction to investors community on fundamental side and stressful community on traders side
Why this post ?
There was a decent Rounding Bowl Formation near completion on weekly charts which i thought of sharing with my Trading View community.
Some Analysis what i foresee going forward
I am...
ITC 's weekly Support and Resistance levels According to Gann price Square where ITC can take a support and face resistance in coming week
levels with # are most important among those levels.
📈 ITC Ltd. 📉
My Findings :-
1. Breakout from Oct 2021 High and Closed with Strong Candle.
2. Although It’s Crowded trade but it came on my breakout radar so sharing it.
3. Risk to reward ratio is favourable.
4. Check Out My Long term Analysis too.
Bias- Long
Target- 307, 320, and 342
SL- 249
RR- 1: 4
All Important Supports and Resistances are drawn in...
📈 ITC Ltd. 📉
This broke out from a Resistance Zone of 234-240 after testing 3 times. ITC on a larger chart forming a triangle pattern which won’t be visible in this chart but I can share on demand.
On Buy Side I am looking for Targets of 260-264.
StopLoss should be kept below 230-232zone.
It offers 1:3 Risk To Reward.
ITC on a larger chart forming a triangle...
Itc breakout in monthly timeframe.
This is triangle pattern breakout, one can keep their stop loss @200 and target @360
so this trade is 1:2 risk reward .
Volume is also good , rsi also giving buy signal same as 2017.
This is only for educational purpose not a financial advice.
ITC Broke out after many years hahaha ...... NSE:ITC . I have mentioned in the above chart with targets and stop loss.
Trade safely... This is only my idea... Share your thoughts guyss... Have a good day....
EXPLANATION : This is a 1 hour time frame chart of ITC . The stock has been consolidating for days in a descending channel and formed Falling Wedge pattern , If stock taking support from Demand zone we buy at the bottom and sell at the top. I am seeing a very good buying opportunity in ITC because of many reasons . If give a strong breakdown and broke its Demand...
EXPLANATION : This is a 1 hour time frame chart of ITC , It has formed Symmetrical triangle pattern ; A symmetrical triangle chart pattern represents a period of consolidation before the price is forced to breakout or breakdown. A breakdown from the lower trendline marks the start of a new bearish trend , while a breakout from the upper trendline indicates the...
You can enter once the resistance is broken and hold it for the same height of the triangle pattern target.
FYI : I am invested at current levels of 200.
This is purely for investment purpose. I have assessed the ITC Ltd fundamentals, segment reports, past financial performance and expected future growth.
Stay invested till you hit the target.
Disclaimer: We are not Sebi registered investment advisors. This video is only meant for education purpose and nothing constitutes as an investment advice.
ITC Futures
I am unable to understand the reason why is ITC Futures underperforming because there are so many bullish signs in the charts.
1. The candles in the daily charts have made a patter called triple bottom which means that ITC Futures are supposed to fly but there is a resistance at 212 levels.Next resistance can be seen at 216.10 but the pattern means...
ITC futures have turned 203 levels into a very strong support zone. We have heard about double and triple bottom which are strong bullish patterns but look at this, the candles taking support for 4 times and this makes me wonder how much strength has ITC Futures gathered now?
Can buy (lot is 3700 shares so please calculate risk) at CMP which is around 209.75 with...
Note: This is for educational purpose only. Please do not trade in F&O based on this.
There seems to be a bullish breakout with high volume. There seems to be similar breakout in RSI as well. Volumes have increased as well. RSI above 65 indicates bullish momentum.
You can buy 50% now and rest in dips until 221₹ - 219₹.
My SL is: 212₹
