ITC LOOKING FOR A GOOD SHORT OPPORTUNITY | SELL @ 354 - 355ITC looking good to Sell @ 354 - 355 for great Risk Reward with SL of 367.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
ITC
Long entry in ITC at 1 hour time frameThere is a divergence at 1 hour time frame, You can target for 360 or 370 easily.
ITC breackdouwn in douwn sideITC breackdouwn in douwn side
expected moov in up to 7 %
sell in current market price in f&o
ITC case studyAs per elliot wave theory counter is on verge to mature its motive phase,
ascending wedge pattern formation have resistance zone around 355-361 levels
counter have given bearish reversal on smaller time frame below 354 levels
now zone of 354-360 would act as strong resistance zone for counter.
bearish divergence on rsi with respect to price,
use rally in counter to exit from long positions, till counter does not give 2 consecutive daily close above levels of 363
down side if corrective phase unfolds counter might retrace to levels of 320-300-290
Time to be cautious on your investments.
ITC all time high soon?A decent move above all time high levels can be expected on the charts of ITC Limited. ITC forming a Higher High price positions on monthly chart. Up Trending stock
Stong Stock ITCItc is fundamentally strong stock that is giving breakout in daily timeframe
Stock is tradingbabove 20 50 200 ema respectively you can buy it with stop loss of below 50 ema
Target 500 for 6 month time span its not a recommendation it's my own study please do your analysis first
As you see it's currently trading above cpr it can move to resistance 1 and 2 respectively
Stock is Clearly in uptrend it's can seen by moving averages and cpr
Here is result of this stoc
ITC Q2 : ST NET PROFIT UP 21 % AT 4460 CR (YOY) , UP 7 % (QOQ)
REVENUE UP 27 % AT 16130 CR (YOY), DOWN 6 % (QOQ)
EBITDA UP 27 % AT 5864 CR (YOY), UP 4 % (QOQ)
MARGINS AT 36.35 % V 36.3 % (YOY), 32.7 % (QOQ)
ITC Looks good(Must be on your watchlist)Delivery position on 04 Mar 2022 is 61.08% ,(very good volume) consolidating in a range from one year , stop loss will be 196 , can expect good move in 2022-23.
Please do your own analysis before take a trade
ITC - Trading near Double bottom Pattern neckline1. Trading near Double bottom Pattern neckline
2. If breakout happens! Buy only on Weekly Closing Above 238
3. Can expect 10% Returns
4. stop lose below neckline
nifty weekly range for next weekSupply and demand zone of nifty for next week.,., option sellers range and Options buyers entry and exit ranges
ITC | 27 MAR 2022 | BULLISHITC expected to give 35-40% in few months
Investors can enter as per their setup.
Explanation on chart
All the best..!
3 Good trades and Index Ideas for 3 October markets I daily make educational content videos for financial markets
Intraday Trading level for ITC ITC STOCK for Monday 03/10/2022 If stock open in the range of consolidation, then please prefer to book profit at top of the consolidation or bottom of the consolidation, you can book your 50% profit at this level and if you see volume hike at this level or momentum you can wait for next target. Please book your loss at stop loss level. Save your precious MONEY
DO YOUR OWN ANALYSIS BEFORE YOU ENTER THIS STOCK
HAPPY TRADING 😊
ITC- SHORT positionITC after long support of 20DMA now closed a candle below 20DMA in the 1-day chart. On the lower side, we can see a trendline breakdown too and 50 DMA is our next TARGET.
Also, 10DMA crossed the 20DMA in the 1-day chart now we can trade for short up to lower support line.
The evening star candle was formed, showing a downtrend later on a Doji and a gap down confirmed the downward momentum of the stock.
ITC TOP Made?
ITC Seems to made top as per me.
NIFTY FMCG also showing sign of exhaustion
Expecting side ways move from 320 to 335 before fall
ITC ABOVE 240 SUPERMOVE UPTO 300 EXPECTINGBUY 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.
BDL Good to trackNSE:BDL
Good to keep on the radar
Always respect SL & position sizing
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Trade Secrets By Pratik
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Disclaimer -
SEBI UNREGISTERED
This is our personal view and this analysis is only for educational purposes.
Please consult your advisor before investing or trading.
You are solely responsible for any decisions you take on basis of our research.
itc stock only for eduction preposedisclaimer only for education up trend is continuous till the second target
ITC Chapter 2 beginsLooks like this week ITC will close comfortably abhove its 2017 highs. Volumes are a bit low. September is the month to watcho out for. mutual fund buying is back and has been rerated by many fund houses.
ITC Volume DivergenceITC has been in good momentum since Apr,2021
However a clear volume divergence can be seen on the weekly chart. Showing signs of exhaustion on weekly chart.
Also Resistance at 337 on weekly chart
Will a correction happen in ITC at least now ?ITC broke the trend line with high volumes.
*It has been in uptrend without a proper correction for uite a long time.
For Intraday can short ITC @cmp:327 - 328 with a Stop loss of 332.
If the trade goes in our way Targets will be
*Exit half Quantity @1:1 Risk/Reward Target and Shift to SL to cost
*Exit Half of the remaining with 1:1.5 or 1:2 Risk/Reward (by looking at momentum) and trail the SL.
*Exit remaining with trailing Stop loss.
For Swing can short ITC @cmp:327 - 328 with a Stop loss of 335 (Fib extension resistance area).
Go LONG!#ITC
Whole world is now Bullish here...
It'll kill many hopes if it closes below 310 in September series. Needs a Monthly closing above 325. Whichever side it breaks, movement would be big!
