The 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...
ITC 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...
ITC 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...
ITC 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...
ITC Again in range trap... Trading in between 210 to 238 range Currently Trading in upper range Resistance area, watch out for breakout or retrace from that level Plan trade accordingly If trapped in a range, then Short PE / CE
ITC could soon show levels of 223, so long itc around 217-218 with sl 216.30. Both RSI and MACD supporting. Also there is inverted head and shoulder visible.
1.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. Please LIKE, COMMENT and SHARE to motivate and support me. I'll keep on posting new ideas on Indices & Stocks. Be sure to follow so that you don't...
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...
This 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...
According 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...
NSE: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...
NSE:ITC its price channel pattern and given breakout with good volume and crossing rsi 60 gives good hope for long Note: I'm not a Sebi registered guy, Consult ur analyst before investing
The 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. :)
Hi 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. ___/\____
itc looks very bearish for longterm.............................
ITC ltd looks good for swing/positional, As visible in the chart itself, there are some important levels are marked. & It can be taken as Swing/positional trade, Reasons : 1) Higher high structure on the weekly timeframe 2) reversal possible from this level 3) Good R: R ratio which is around 1:2 Sl can be around 194 for targets of 235/265/320++ Trade on...
You can see the long consolidation of ITC and recent fake breakout of the stock and the fundamental of the stock is good so its a very good long oppurtunity for a minimum of 60%, lets hope the long wait ends...