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ITC

ITC Intraday Trade Long SetupMy execution time frame zone will be 30 min time frame ... Location of this demand zone 30min demand is low on the curve ( i.e close to High time frame HTF zone ) here it is Daily Time Frame zone is my Curve Best thing is Our 30 min demand zone is near located to our Daily Demand curve hence Probability of this 30 min demand zone is high since I am plannng for Intraday I will take only 2:1 Reward -Risk ratio Disclaimer: Above Stock Analysis is based on Price Action , primarily on Institutional Demand and Supply . It is for Learning and Understanding Purpose. Even after a thorough research and Analysis a setup can fail due to any opposing News on the stock or on its Index or due to Market Volatility. Hence ,if you trade on this setup kindly Take Position(Quantity) as per your Risk Management. Happy Trading :)
NSE:ITCLong
by ahmedkhan5411
3
ITC ABOUT TO BREA OUT MONTAHLY TRENDITC is about to break monthly trendline. RSI looks positive . we can enter if it breaks and retest the line. Defensives' are in spotlight. NOTE 1. PHARMA index is about to breakout. ( Due to defensive play) 2. REALITY INDEX has been upside . ( under values stocks are bought and expensive stocks has been sold) 3. Good MONSOON is good for ITC. ( buying due to good results on the way) 4. their has been some sectoral rotation , might be INDEX BALACING. ( ITC is undervalued also weightage is high in nifty index). All above points show some good traction in ITC buying. although One should avoid treading but put option selling might be beneficial if bought with hedge.
NSE:ITCLong
by vaidhynathdubey
ITC Long Position in CashITC is has created a symmetrical triangle after falling in COVID Crash and currently resisting at around 240, which is near to falling trendline resistance on the monthly candle bar. Considering a long consolidation of the past 6 month has created a strong base of buyers. If stock retraced around 215-225 then, buy in small quantity till to 245 will be a good investor move. Above breakout of 240-245, buy-on dip should continue till all-time high breakout. Above all time break out, conside a TGT fpr 600-630-650 as profit booking zone. Time is not considered but since, all stock had bull run then ITC, possibly a new high of CNX Nifty could come with support of ITC.
NSE:ITCLong
by UnknownUnicorn15746477
Trying to catch an ITC breakoutI tried multiple times to catch a breakout on ITC and it has had it's ups and downs. 1st position I built was on 1st June. I tried to be a little greedy with the possibility of a reward, chose Options. Bought 220 CE and ITC being ITC promptly retraced back below resistance, and pretty much wiped out the money in the position. The 2nd time I tried a month later when the pullback looked promising, and this time I went with a Future contract instead. It again fizzled out and I had to exit early as the Future position was naked and had started to bleed losses. The 3rd time I built the position the right way. I hedged my futures with just OTM puts, thereby capping the loss possibility. With the hedge margin benefit, I could open double the position and that offset the "loss" due to hedge. Once that was done, I was free to maintain and hold the position for as long as needed till a breakout did occur. Why was I confident about a breakout? Well ITC has been forming a multi year symmetrical wedge - with Lower Highs, and Higher Lows. Though this has an equal chance to break both sides, at a price point near 200-215 ITC is very fairly priced even for a consolidating market - and given the bullish market sentiment, quite underpriced comparatively. For now I am continuing to trail SL on ITC and for the medium term expect it to make an up move to catch up with the rest of the market. Learnings : 1. Stay away from naked options no matter how attractive they look . Though the rewards on Options looks awesome on paper, it is very very difficult to time a larger move correctly. More often than not, with a reversal you will quickly erode capital. Better avoid them to gain longer term rewards. 2. Always hedge your futures. You can in fact make more returns on a hedged position with twice the buildup, than you could with a naked single position - and you will still spend only half the margin requirement. 3. Be patient with your trades. Many a time we're looking for quick returns, especially if we're new in the market. The trick is to slow things down and look at the bigger picture. Make sure you limit your losses, and ride your winners for long - till they turn around decisively.
NSE:ITCEducation
by libinbond
1
ITC Short Term Breakout tradeITC was just consolidating for or a long time. There is nothing wrong in the fundamentals of ITC so I think you can hold it for long term also. And Today it gave a good breakout with volume, I Think now we can think of levels of 300 in the future too. As ITC is demerger will make this stock rocket and now's the time to book your ride. I can give more information about its fundamentals, Just write it in the comments Buy above the breakout line No Sl First Target is 228 and further will be provided soon Less Risky Trade Thanks Everybody Happy Trading Do like and follow if you find it worth for
NSE:ITCLong
by WillingTraders
6
ITC SWING TRADING OPPORTUNITY {WEEKLY}Hello Traders👋 Today i have made a post on ITC weekly-daily chart I hope you find this post helpful and informative👍 The targets and stoploss would be given in the charts or they would be according to pivot points Thank You —DISCLAIMER— I am not a SEBI registered financial advisor Please consider your consultant's advise a must , all the setups posted here will be considered as informative and helpful post I shall not be responsible for your profits and losses
NSE:ITC
by profitpujari