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....
ITC closing above Weekly multi year TL. Looks strong on all major TF.
NSE:ITC Levels mentioned in Chart. Note: Not a SEBI Registered analyst. Trade at your own discretion.
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1. Long term down trend line Breakout 2. If Sustain above 247 on weekly closing. We can expect 270 as short term target.
ITC in monthly chart starts to making Head & Shoulder Pattern.
buy on dips for the target of 267 in short term we r moving in higher high pattern (UPTREND). 215-230 is buy range .
itc buy at current price for positional stoploss 228 DCB target 245,250,260 levels
EXPLANATION : This is a 1 hour time frame chart of ITC . The stock has been consolidating for days in a descending channel and formed Falling Wedge pattern , If stock taking support from Demand zone we buy at the bottom and sell at the top. I am seeing a very good buying opportunity in ITC because of many reasons . If give a strong breakdown and broke its Demand...
BUY ITC ABOVE 215 TARGETS 228, 240++ SL BELOW 195 ON CLOSING BASIS Disclaimer: All charts are for educational purpose. Please contact your financial advisor before investing.
EXPLANATION : This is a 1 hour time frame chart of ITC , It has formed Symmetrical triangle pattern ; A symmetrical triangle chart pattern represents a period of consolidation before the price is forced to breakout or breakdown. A breakdown from the lower trendline marks the start of a new bearish trend , while a breakout from the upper trendline indicates the...
ITC is creating a Symmetrical triangle. it is also at very crucial level ie. 237 which wal acting as a resistance earlier but now acting as support for it. 200 days EMA is also near about 235. if ITC will break this pattern with high volume profile either side we can take position you can go long above 240 and for short enter below 235 increased volume profile is must.
Might retest the trendline...can add half quantities at current market price and remaining quantities at pullback between 228-230 range.