Category: Fibonacci Retracement
Key Highlights:
1. Bullish market structure making HH-HL pattern.
2. Price taking support from one of the key zone levels.
3. Bullish volume is higher and weak non-patient hands are getting out.
Disclaimer: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own...
ITC
- the performance of ITC is similar to the performance of Team India in T20 World Cup... Abysmal
- however if we look at it from Chart perspective, we see the stock following the 2-3-5 Rule
So what is the 2-3-5 Rule?
- It takes 2 point to establish a trend line
- Point 3 is your best bet to initiate a trade ( in this case, at 265 since the stock came...
Looking at the chart, 234-240 had been a crucial level for ITC. For carrying up further or taking positions we might want to see its reaction to this zone. So, Go LONG if ITC sustains over this range or consolidates as it can give a good move towards 300 or above. Somehow if ITC breaks the zone towards downside, you might want to average out or buy at dips b/w...
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only.
BUY AT CMP 231
ADD MORE AT 214-222 RANGE AND RELAX
ABOVE 240 ON MONTHLY CLOSE EXPECTING SHARP UPSIDE 286,320.
BULLISH .
INVEST OR TRADE wisely.
WE CAN JUST PREDICT.
Disclaimer: I am not a SEBI registered advisor , so before entering on my view plz ask your SEBI Registered Advisor . Profit is your and loss is your.
I hope you can now see how ITC represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the...
ITC gave a 50% retracement with two inverted hammer with Stochastic NCO
Decent Trade for next 10 days.
SELL 235 CE @ 4.50
BUY 240 CE @ 2.40
Total : 2.10 = Approx. Rs. 6720 /- (2.10 * 3200)
Required Margin in Zerodha : Approx. Rs.50000/-, Final Margin : Rs.35600/-
%Profit = 6720 / 35600 = 18.87%
Simple price action analysis on a Monthly chart of ITC.
Initial resistance at 246.
Upon breaching 246, it might test 266 in the short to medium term.
Medium to long term target is 295.
And yes, a bit of patience... and patience is virtue.
Good buying opportunity in NSE:ITC .
1. MACD crossover to go up.
2. FMCG sector showing bullish momentum.
3. Showing above average volume.
4. Inflation rate has increased in October.
ENTRY : Buy above 242
SL : 230 (Closing basis)
TARGET : 250/265/280/300
NOTE :This post is just for educational purpose. Do consult with your financial advisor before taking any...
Currently above EMA20, can see a short gain target of 246, if it breaks 246, 256 gonna be its 2nd target, today 238 is working as resistance, but since it broke trendline of may19, can see a quick momentum upwards.
ITC Gives a Dividend Yield of around 5%.. Which means you can also park your FD money in this stock.
The Stock is currently trading at its weekly 20 EMA..
Bounce is very much expected from here on ..
There is no issue about the fundamentals of this company..
Dont exect more than 20-40% returns in this company as its a largecap till next year.
Buy ITC for Investment purpose.Its a Weekly Chart only for investment.not a trading Advice.
Strong support of 200 Levels + Trading near Trendline Support of 220 Zone.
