ITC IN FALLING CHANNELHello traders , here is the analysis for this stock let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position . I suggest you keep this stock on your watchlist and see if the rules of your strategy are satisfied...
Keep trading ❤️
Hustle hard ✅
ITC
ITC: Will Resistance zone act as Support?Last time in November when the stock was around 222, this is what was shared
The Line of Support provided perfect entry opportunity to buy.
Now we have seen the stock moving past the Line of resistance. Will it now act as Support?
Only time will tell...
Above 285, doors open up for a potential movement towards 305/ 320 odd levels in short term
F&O Trading Strategy
One may consider to sell ITC 30 June expiry 260 Put option. Yield potential of 9-10% on Margin requirement
Take care & safe trading...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
ITCITC is been moving within the trendline while making different supports since Feb 2020. It can be a good oppotunity to buy if it comes towards the lower trend.
On 3rd March, 2022 , ITC crossed EMA 200 and from 10 Mar EMA 20 crossed EMA 50, EMA 100 and EMA 200.
Disclaimer: This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
YR 2022 Idea #55: Long on ITC 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. Our objective to help anyone who wants to learn technical analysis using charts by demonstrating my real trade entries. You can post your queries in comment section here and we will try to answer them asap.
Simple Trade Setup | ITC | 16/05/2022 [INTRADAY]NSE:ITC
Observations:
1) On 1day time frame, it has made morning start pattern.
Please refer below chart : 1day time frame.
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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 chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Indian James Bond - ITC is back?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
Simple Trade Setup | ITC | 09-05-2022 [INTRADAY]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.
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Trade Setup for 09-05-2022
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 chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | ITC | 04-05-2022 [INTRADAY]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.
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Trade Setup for 04-05-2022
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 chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
ITC Chart Analysis !!📈 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 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 --INTRADAY SETUP- 27/04/2022ITC --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 level
BUY ITC above 259 intraday
target 261-265
stop loss 255
&& THIS IDEA IS FOR EDUCATIONAL PURPOSE ** trade at own risk !
HAPPY TRADING. !!






















