Category: Fibonacci Retracement Key Highlights: 1. Bullish market structure making HH-HL pattern. 2. Price taking support from one of the key zone levels. 3. Bullish volume is higher and weak non-patient hands are getting out. Disclaimer: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own...
Buy ITC for Investment purpose.Its a Weekly Chart only for investment.not a trading Advice. Strong support of 200 Levels + Trading near Trendline Support of 220 Zone.
We all know that ITC has been dividing the trading world into two for so long. Some exited in loss, some held it like 'fevicol's ad' and some cannot even tell the story. but, but Why should one buy ITC now when spines are chilled? Reasons: 1. Bullish Marubozu Candle with high volume. 2. Clear Trend-line Breakout. 3. Absorption of all the supply range visible in...
ITC bearish case study. Rising channel formation with resistance line around 270 levels. Bearish crab pattern formation with prz around 263-270. Elliot wave formation with impulse phase maturity around 272 levels RSI divergence between last two swing high ,, Taking all to gather 263-272 stiff resistance zone,, view gets violated above 277 levels. Counter made...
support IN BETWEEN 216-219 above 242 TARGET 1 280 TARGET 2 300
ITC is in a zone where it may form a head and solder patter so se may wait for a breakdown.
I think it has done its retest with market trend and saw sharpe sell off in 2-3 days ...... i think it will give breakout to its multiyear resistence ...@265-67.. Next near hurdle is @ 245-247... Looking Good Risk:Reward at this time ...one can go long with small SL... Will It cross its Multiyear resistnace ?...Let me know in comment box ...Whats ur view..
I can see a symmetrical triangle pattern in ITC. I will wait for breakout/ breakdown of the triangle to make position.
NSE:ITC BREAKOUT OR PULLBACK ITC IS IN A UPTREND TREND IF ITS A LONG TERM TREND IN SHAORT TERM TREND TARGET WILL BE 220 IF THE SUPPORT OF 190 IS BROKEN (NOTE RSI IS POINTING DOWNWARDS) TARGET WILL BE 170
Hi All, As visible, the selling volume is not sustainable. It's a High RR trade! We can see the Doji forming along with a Hammer Pattern on Daily TF! Buyers should kick in soon. Any questions? Feel free to reach out to us! Abhishek, Jago Niveshak Team
ITC is a retail favorite, however, for the past 7 years, the stock has not done anything. Looks like all that is about to change. Chart is self explanatory. I have shared a monthly chart (log) and have also included Fibonacci retracements on this one.
->Formation of triangle pattern in the weekly chart. ->Support from previous resistance. ->Upside breakout. ->Target of 238.
LONG TERM VIEW: Hope the accumulation is done which can be confirmed by breakout above 260 and successful retest of it on monthly chart. Potential targets are 335, 650 and atlast 1900 and above. But if there is a breakout failure then it can test 211 and below levels also.
ITC can do 300+ this time itc break long term resistance... WE SEE a target level of 260,300+....add stoploss of 201....
Technical: 1)Consolidation of almost 2 years. 2)Strong weekly close with good volumes. 3)Momentum indicators are looking good on weekly basis. Fundamental: 1)Posting good profit results. 2)Increasing EPS. 3)Almost debt free. 4)Healthy Dividend paying company.
In ITC we can see a recent breakout in Weekly Chart with very good volume. An upside above 263 can take the stock around 280-285 in short term. For long term (6 months to 1 year) we can look at target around 310-320+. A retrace if possible this week then one can accumulate around 250-245 as well. Stop loss in the trade should be 230 below strictly. Happy Trading!
If support zone (189-199) is held we may reach the target 1(249) and target 2(260). Not sure the contribution will be beneficial to NIFTY.
ITC Broke out after many years hahaha ...... NSE:ITC . I have mentioned in the above chart with targets and stop loss. Trade safely... This is only my idea... Share your thoughts guyss... Have a good day....