ITC Analysis !! Broke Out📈 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 pattern which won’t be visible in this chart but I can share on demand.
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
ITC
itc bullish bat long term investmentthough it has good volumes but we need to go by the books now if monthly candle closes above yellow trendline we are good to go magnetic move will come in itc to achieve 289 but if candle monthly closes below yellow line then it may be a problem and invest for long term
good luck
ITC long monthly time frame 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 at resistance now NSE:ITC
After giving great up move now stock at resistance.
First given good long from harmonic level now find the opportunity for short or profit booking at harmonic resistance.
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns.
📌 That Dash Line Is Called PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone).
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
ITC may see pullback towards 240 levelITC witnessed a stellar one way rally in the past few weeks, as fund managers rushed to park their money into this "cash proxy" stock. At present, ITC is showing early signs of cooling off, likely due to overbought technical indicators which could trigger profit booking by short-term traders. The stock seems to have completed a 5 wave impulsive up-move and likely to see a corrective pullback in the form of an a-b-c, with minimum targets placed around 237-240 zone. (assuming the stock has made an intermediate top near 256 levels, alternatively we may see one more bounce towards 256-260 zone, before the correction begins). On the options chain, max CE OI is at 260 while max PE OI is at 230 strikes.
Live Challenging Stock Market Analysis Buy ITC @ 205.35
Market Analysis
Live Challenging Stock Market Analysis Buy ITC @ 205.35
Target1 @ 230.60
Buy 2 @ 177.40
Target 1&2 @ 192
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ITC: Falling Wedge BreakoutThe stock has given a falling wedge breakout and retested the trendline.
Now if stock breaks 225 level with volume then it can continue its journey towards 260 and upper levels and 260 is multiple time tested resistance.
This stock needs patience so have to hold it for may be a little longer time than 1 month.
DISC: All levels are mentioned on the chart. This is for educational purposes only.
ITC : Bullish on the way to 300 - a simple price action analysisITC has displayed strength during the past few weeks.
The chart shows that there has been good accumulation of this stock from around 206 levels, and it has found good support levels at around 217 and 230.
Today, it breached the levels of 246 on its way up and closed at 249.75.
The candles denote good buying and the price is above all major moving averages of 21, 50, 100 and 200.
While remaining strong, the price might correct to 246 and 240, before again resuming its journey upwards.
I see it going up to 265 in the short term.
Personally, I am bullish and see it within the range of 300.
RSI and MACD indicators signal bullish sentiment.
Note: Not a buy or sell recommendation
ITC to FMCG Ratio ChartITC is outperforming FMCG Index by a big margin and it has given a rounding bottom breakout on weekly charts. All other FMCG Stocks are getting hammered sue to serious high valuations, however ITC which is undervalued is getting attention from portfolio managers and its being bought.
ITC is providing a high dividend yield above Saving rate which is attracting a lot of value investors focusing on low risk value in equities.
ITCITC Limited is a holding company engaged in the marketing of fast moving consumer goods (FMGC). The Company operates through four segments: FMCG; Hotels; Paperboards, Paper and Packaging; and Agri Business.
Current price is less than the intrinsic value
Low probability of default in next 12 months
PE Ratio 22.71
Largecap
With a market cap of ₹2,93,100 cr,
Over the last 5 years, debt to equity ratio has been 0.21%, vs industry avg of 0.54%
ITC has increased dividends consistently over the last 5 years
Current dividend yield is 4.51%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹45.14 every year
Stock is 1.54x as volatile as Nifty
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ITC CAN MAKE A RUN FOR 2501.ITC has given a breakout of it's parallel channel.
2.Double bottom breakout confirmed.
3.Howering above 200 ma.
4.RSI is bullish.
5.Above 33.2% fib level.
Buy above - 229
Targets mentioned in the chart above.
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ITC CAN BE IN LIMELIGHT AGAIN! :-)1. Sustaining and Closing above 227 is highly positive.
2. RSI trying to Break Out.
3. 208-209 is strong support and should be SL for mid term.
4. Previous swing highs should be Targets: 238/245/265+
5. ITC is a slow mover. Better Trade in CASH or FUT than Options.
6. Consult your financial adviser before entering any Trades. Views shared here for education purpose. Thank You!
7. If you're reading this, comment below the Pattern name.
YR 2022 Idea #6: Long on ITCThis is a public swing trade idea (other private ideas accessible through website) and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
ITC Looks BullishAccording to trend and trend line, ITC looks bullish on chart. Anyone can initiate buy above 229 with stop-loss of 219 for long term as well as intraday. Intraday stop-loss should be 225.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
ITC DOUBLE BOTTOM AND DESCENDING TRIANGLE BREAKOUT - BULLISHNSE:ITC HAS SHOWN A AMAZING BULLISH BREAKOUT AFTER REACTING POSITIVELY TO THREE MAJOR BULLISH REASONS
1. Took support at 32 years old trendline
2. Made double bottom pattern and respected the support zone.
3. Breakout from descending triangle pattern.
YOU CAN ADD THIS FOR TARGE OF 250-260 WITH SL OF 208 FOR MEDIUM TERM, THIS IS ALSO A GREAT PICK FOR SAFE INVESTORS IT ALSO ENTERTAIN WITH AMAZING DIVIDEND EVERY YEAR
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ITC - The stock completes consolidationThe Idea is to go long. Targets and Stop loss shall be based on your risk taking capability and style of trading
A Small retracement can happen to test back the Support so be cautious and take entry as per your own analysis
If you have any doubt I'll be happy to clear it out.
:)
ITC LTD NICE BUYING SETUPHi Guys, There is a correction forming in ITC Ltd for upside move to the levels of 266. upside move might just touch that level and go back down. so be cautious about that nothing major here just very technical buying pattern buy till break those levels and get out.
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