ITC
ITC CAN MAKE A RUN FOR 2501.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.
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ITC CAN BE IN LIMELIGHT AGAIN! :-)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 purpose. Thank You!
7. If you're reading this, comment below the Pattern name.
YR 2022 Idea #6: Long on ITCThis 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 objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
ITC Looks BullishAccording 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 advisor before taking any trade.
ITC DOUBLE BOTTOM AND DESCENDING TRIANGLE BREAKOUT - BULLISHNSE: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 INVESTORS IT ALSO ENTERTAIN WITH AMAZING DIVIDEND EVERY YEAR
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ITC - The stock completes consolidationThe 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.
:)
ITC LTD NICE BUYING SETUPHi 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.
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ITC ltd looks good for swing/positionalITC 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 your risk...
Only for educational purpose....
Happy Trading....
Important Day for ITC tomorrowCHART -> ITC DAILY SETUP
ITC is near to it's trendline as resistance and at the support side near to 200 Days Moving Average. This factors can define short term paths for the stock.
Disclaimer: This is for educational purpose only. This is not any recommendations. I am not SEBI registered. Please consult your financial advisor before taking any action.
Long ITC....High Probability SetupITC
Cmp - 220
Stop - Nil, add on relevant dips
Expectation -
T1 - 235
T2 - 260, Review at 260
Expected Holding Period - 3 months or earlier for T1, 5 months or earlier for T2
View:- Swing/Investment
Disclaimer:-
Not a SEBI registered advisor
Ideas being shared only for educational purpose
Please do your own research or consult your financial advisor before investing