ITC looks good above 271 can good till 370/400 weak below 245 (CMP: 280)
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart. Disclaimer: This is for demonstration and educational purpose only.
Stock facing Resistance 275-260 Levels Failure to Close above this Level on Weekly Basis will help Bears push prices down to support area 220-200 levels
This is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. ...
NSE:ITC Observations: 1) On 1day time frame, it has made morning start pattern. Please refer below chart : 1day time frame. ------------------------------------- Trade Setup for 16-05-2022 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the...
Wave 1-2-3-4-5 is complete, ABC is also complete - Major wave 1-2 is completed Next set of Major wave 1 in progress, in that minor wave (1)-(2) is completed, wave (3) in progress so when this minor wave (1)-(5) crosses the reflex point - you can buy at retracement for next set wave 3 so, ITC is at huge buying set-up
ITC CHART Analysis Short idea Head & shoulder pattern breakout and now Iy Retest
NSE:ITC Observations: 1) On 1hr time frame, we can see it gave breakout of triangle pattern. Please refer below chart : 1hr time frame. 2) On 1 day time frame, we can see it gave closing above the critical level of 265 Please refer below chart : 1day time frame. ------------------------------------- Trade Setup for 09-05-2022 1) Don't Jump in...
NSE:ITC Observations: 1) On 1hr time frame, we can see formation of triangle pattern. I have drawn resistance channel and support channel. Please refer below chart : 1hr time frame. 2) On 1 day time frame, we can see 265 will be crucial level. Please refer below chart : 1day time frame. ------------------------------------- Trade Setup for...
I see good resistance for short time So watch if they break then chance to go up Otherwise chance to go down
📈 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...
All the Important technical levels are plotted on the chart along with the reasoning. *It is not an investment advice
ITC --INTRADAY SETUP --15 MIN CHART 1. CUP & HANDLE formation breakout above 259 level cmp 258.95 Trend look bullish at breakout. 2. Trendline breakout also seen on 15 min chart 3. stock currently trading at upper channel low level possibly bounce to upper level as per channel 4. wave trend setup bullish formation to move upside 5. RSI at mid range 55...
Rejections candles visible in the chart, check volume in abs number and (both highlighted in the box). My view is not to go long from here now. I will wait for followup candles.
ITC has given Tringle BO on monthly chart. It can buy 249 add more if come 241-234 for the target 275 and 315 1-2 month view.
This is Monthly Timeframe. Finally ITC is showing some strength, sell-off started in July 2017 and it fell more than 60% from it's all time high and made a bottom in March 2020. And after that it started a retracement, but the retracement have crossed the 0.50 fibo level, and now approaching the 0.60 fibo level, that means it not a retracement anymore. It may...
ITC the 'rising giant' is showing its heroic move with very much similarity as the 'Puspha' character, who was misunderstood in the movie as inefficient man and same here 'ITC' was assumed as slow mover but now it has changed everyone mindset with a strong move. ITC has formed rising three method pattern in daily charts after a breakout which is a positive...