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ITC

ITC: A Bearish Trend" TECHNICAL ANALYSIS OF NSE:ITC The LAST CLOSE PRICE of NSE: ITC is 206.05. The PARABOLIC SAR is showing the SELL SIGNAL with TREND as DOWN TREND . The FIBONACCI LEVELS analysis shows that the CLOSEST FIBONACCI LEVELS is 0.236 at the FIBONACCI STOCK PRICE LEVEL of 204.95. From here, the Key Support and Resistance levels are SUPPORT 1 at 250.07, SUPPORT 2 at 210.15 with RESISTANCE 1 and RESISTANCE 2 at 201 and 197.25 respectively. The Key 50% FIBONACCI LEVEL stands at 210.15 which is the crucial Fibonacci Level determining whether the scrip will maintain the trend or not. The STOC RSI has the values K and D as 42.9 and 55.46 respectively. At this level it the status is WITHIN OVER BOUGHT AND OVER SOLD RANGE. When we look at the Moving Averages, MACD is the crucial indicator to look into. With MACD VALUE at 0.61 and 8.82 at 0.44 along with HISTOGRAM showing values of 0.17, the STATUS is clearly SELL CROSSOVER NEARING IN. The best indicator to determine the Trend Reversal is FISHER TRANSFORM and currently the values of FISHER and TRIGGER stand at 0.06 and 0.74 with UPTREND as DOWNTREND. A very important factor while making the investment is to see if there has been already too much of Buying or Selling, and that are we entering too late into the transaction or not. Thus, with WILLIAM's R% value at -0.7222 the STATUS is WITHIN OVER BOUGHT AND OVER SOLD RANGE. No one wants to buy costly things, and thus always look for the bargain or appropriate price levels to buy things. Same applies to Stocks, however the only exception would be some Hot Stocks that one wants to have any price. Looking at this perspective, the P/E RATIO of the stock stands at 18.11 which signifies its Price Level to be AVERAGE. >>> RECOMMENDATION is : SELL." Disclaimer: The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
NSE:ITC
by finogent
FY21-22 Swing Trade Idea #137:: 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.
NSE:ITCLong
by onerighttrade
Reliance, ITC, & ICICI Bank to decide Nifty levels for 26-7-21NIFTY 50 EOD ANALYSIS -23-07-21 IN SUMMARY Open / High / Low / Close 15856.05 / 15899.8 / 15768.4 / 15856.05 Trading Range Low to High: 132 points Likely Max Realistic Opportunity @ 50%: 66 points India VIX: 11.76 / -1.09% FII DII activities: +2,000 Crores NIFTY 50 EOD 23-07-21 DAILY CHART CHART BASED CONCLUSIONS Nifty Open = Close signals an indecisive close and that is understandable considering the fact that RELIANCE results due after market on 23-7 and ICICI BANK on 24-7. Open = Close has been happening often which is not good as the index then does not make much progress on a closing basis especially when it is a weekly close. Nifty fell sharply and suddenly in the first hour after a gap-up open and retested the PM low of 22-7. Though Nifty has made a higher high and a higher low compared to 22-7, the gap leading to 15632 is worrying as all heavyweights have so far fallen after their results. TOP 3 LOSERS TATA MOTOR - Finally caved in below 300 with a gap-down open and now 275-285 range may get retested. GRASIM - Profit booking appears to have kicked in with somewhat higher volume than the fall of 22-7 and RSI has also slipped below 60 on daily charts indicating that the momentum is fading. LARSEN & TOUBRO - After a good run on the upside over the last few sessions, it has experienced a down day which is understandable. The low of 22-7 is still intact so no cause of concern yet. TOP 3 GAINERS ICICI BANK - Rising ahead of its results indicates that the market is expecting it to report a good set of numbers. Any below the expectations reporting may drag it down sharply. Wait & Watch. ITC - A much-needed candidate on the list! It has shown good traction after retesting its 200 DMA a few days ago and the rise is also with good volumes so we have to see if it can hold on to the momentum next week as well. RSI on daily charts is above 60 so the momentum appears to be on the right side. WIPRO - One more case of a scrip bouncing back up strongly after retesting 50 DMA a few days ago. One more ATH closes though the volume is not as high as it was earlier. POSITIVES ICICI BANK and ITC led from the front and helped the Nifty close above 15850 - both await their results due on 24-7. Banknifty outperformed Nifty led by ICICI Bank, SBI, and FEDERAL BANK. FII-DII net buyers +2,000 Crores. DIIs bought in excess of 2,100 Crores is a big positive possibly indicating that their view is bullish for the next week. Banknifty reclaiming 35,000 levels is a good psycho advantage. NEGATIVES The biggest underperformer that has impacted both the indices during the truncated week is HDFC BANK. A fall of more than 90 points in a matter of 4 sessions has rattled the indices. Even though RELIANCE has closed above 2100, it is below the 50 DMA and on the line of 20 DMA. Nervousness ahead of results is not good as we have experienced in the case of other TCS and INFOSYS in particular. TRADING RANGE FOR 26-07-21 The support line for Nifty is now moved up to 15700-750 with the resistances at 15950-16000. For any future bullishness, a close above 15900 is essential. If the numbers produced by the 3 biggies are below par, the 15600-630 zone may get activated. And in the best-case scenario, 16000 may become a reality soon. 34400-600 is now the support area for Bannifty with 35200-35300 as the resistance band. For Banknifty a below-par performance could mean 34200-400 visits and the best case could be a retest of 35800-36000 levels. INSIGHT / OBSERVATIONS It was quite an unusual thing to see Nifty sliding down 100+ points in the first hour itself. Something was at play which again a retailer would not know by looking at the charts. RELIANCE appears to have declared better than expected results, but its price action on 24-7 is the only way to know how good the numbers were. HDFC BANK is now like a Kumbh Karna. Not sure when it would get up from the comforts offered by the 200 DMA. A big move on either side is possible as all big boys’ numbers would get traded at the open so VIX may be high and so would the emotions at play. Thank you, and Happy Money Making! Umesh 24-07-2021. P.S. If you choose to comment on the above, please do so with your analytical view rather than merely passing a comment. Your presentation of the view held by you would help other readers as well. NOTE -- This write-up is not a prediction mechanism for the movement of Indices in the Indian markets as the markets are unpredictable in nature. I may refer to many data points in the article but I do not base my view on any of these standalone. In fact, I prefer to react to the price moves than predict the price moves. I also do not review Open Interest. Whatever data points I am using, are all stated in the article. The article title as well as its contents can at best be stated as --- This Is How I Read Nifty. I hope I have been able to set the expectations right.
NSE:NIFTY
by AVENUESOFINVESTMENT
ITC Next Gen MultibaggerITC - A Giant about to get un-shackled Cmp 209.55 ITC is going to split into three companies in next 12-18 months. The three companies which are likely to get formed are: 1. ITC Cig Division 2. ITC Hotel Division 3. ITC Agro & Consumer Division Fourth division which is Infotech likely to get sold as it is not a focus area for company. Current market valuation for ITC is Rs. 2.60 L crore and after split or Demerger (in next 1 year), combined valuation of all three newly formed companies is estimated to be approx 5.0 L Crores (this means ITC share brought today at Rs 200-215 level, will have combined value of Rs. 385-405). Once this Demerger is done, ITC Cig Division share will get highest valuation, followed by ITC FMCG share and followed by ITC Hotel Division. Bonus also is due in ITC and it is expected that after Demerger process gets completed and selling off of Infotech Division, the money received from sale will be utilised to give haftey dividend (for ITC Cig Share) or even possible bonus. Currently, ITC share does not get proper valuation simply because 60% of business still comes from Cig division and there are lot of FIIs and large investors, who normally give less valuation to cigerate businesses all across world (due to their ethical philosophy), so once the Demerger occurs, other divisions ( mainly ITC Agro & FMCG business) will get much higher valuation in line with FMCG business and this share value will go much higher. (Tata Chemicals merging it's salt business to Tata Global to form Tata Consumer Products is classical case study for getting such valuation. One can see that one & half year before Tata Chemicals was trading at Rs. 625 levels and Tata Global was at Rs 325 levels. Once consumer business of Tata Chemicals got merged with Tata Global, Tata Chemicals now is trading at Rs. 750-760 levels, while Tata Global Trading at Rs 615-620 levels, thus giving 120% returns to Tata Chemical share holder). ITC Hotels business manages large amount of top quality hotels in India and abroad and also has huge land bank and this will give rich valuation to ITC Hotel business as well. Analysts are infact expecting ITC FMCG business to become like Hindustan Unilever in next 6-7 years. So, Analysts are expecting an ITC share which is trading at Rs. 205-215 levels today to have valuation of Rs. 1500-2000 (combined value of all three demerged shares) by 2026-27.(5-6 yrs from now). Since Demerger process has just started in ITC and Demerger process takes close to 12-15 months (because of lot of regulatory approvals are needed), for next 8-10 months or even one year, one may not see a huge increase in ITC share price & in fact it may remain in Rs. 215-275 levels even in December 2021, but main game will start after December 2021. Last quarter for first time in life , ITC uploaded its business performance presentation on their website and gave a real peep into ITC as a Coglomerate. But, if you have Rs. 25,000-Rs. 30,000 to spare (money which can invest and think lost for some time like you do when you buy LIC Payback policy) & spare it for next 6-7-8 yrs, then invest them in ITC at a share price of Rs. 205-215 levels in coming days (if you get at lower levels close to Rs. 190-195 it is better). You will not only get benefitted but possibly you will celebrate your 60th birthday with a major bang. I will not be surprised if your Rs. 25,000.00 invested in ITC may be valued at Rs. 4.0 - 5.0 L by then. (Your investment will be 18-20 times in next 7 years) But remember, to get such gains, patience is the key, especially in ITCs case. It is a giant, who takes time to pick up speed, but once it starts running, it will shatter earth & ITC management has just made up mind to let the giant be unshackled and run loose.)
NSE:ITCLong
by Mahesh_Walse
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