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ITC

ITC - SellIn last few days and weeks we are seeing market rewarding companies with good results and gap down or sell in companies coming up results not matching expected results and punishing if negative results or with lower guidance. Not sure what is the guidance but Q4 results are lower as per data in leading news channels. More over in chart as well price is ready for next fall and ITC has not supported the Nifty in last several days. I think its sell in ITC or else book profits in case of a rally due to Nifty spokes and any positive opinion on future guidance. Sell.
NSE:ITCShort
by venkatfx
1
Momentum Swing Idea| ITC LtdITC Ltd as you all know it stablished in 1910, ITC is the largest cigarette manufacturer and seller in the country. ITC operates in five business segments at present — FMCG Cigarettes, FMCG Others, Hotels, Paperboards, Paper and Packaging, and Agri Business. Fundamental = strong Market Cap ₹ 5,23,098 Cr. Current Price ₹ 419 Stock P/E 25.6 ROCE 39.0 % ROE 29.1 % Debt to equity 0.00 Promoter holding 0.00 % Quick ratio 1.73 Current ratio 2.73 Piotroski score 6.00 Profit Var 3Yrs 7.41 % Sales growth 3Years 12.8 % Return on assets 23.8 % This is purely technical analysis and perfect 21 day moving average support .Moreover company is in growing and stable phase .keep in radar . monthly RSI above 55 and its seems to be reversal signals . if market in uptrend move than this stock will be in uncharted territory. Note: I am not SEBI registered financial Adviser. I solely present my views on chart .I do not charge any kind of service. This is not buy sell recommendation. If you like my ideas than like boost and follow me for more ideas. Thanks and comment freely
NSE:ITCLong
by Momentuminvesting5540
Long Trade in ITCITC is currently trading at support zone of 400-410 levels & It is consolidating here since 5-7 days. I am seeing a trading opportunity here. I am taking long position in ITC march futures at CMP 407. I will add more position if 402-404 comes. My stoploss would be 397. Target would be 425. Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purpose. Thanks!
NSE:ITCLong
by akshit_official
17
08 Feb ’24 — Nifty Disappoints, stance reversed to neutral ➡️➡️Nifty Analysis - Stance Neutral ➡️ Recap from yesterday: “Our stance for tomorrow is bullish and since these are all games of probabilities we reserve the right to be wrong as would like to keep the 21826 area as a good stop loss.” 4mts chart Just when we thought things were swinging in our favor, Nifty took a U-turn and is now back in neutral territory. “Disappointing” is not the right word to define today’s price action, after all the markets did what it felt right. Our analysis and positioning are what took the toll today. I ended up booking the highest intraday loss ever since I started trading. To give you a backdrop, we were long overnight and the set-up looked pretty bullish for us. Although we cut losses once the 21826 magic level got hit, our MTM was too deep in the RED for any sort of recovery. Nifty fell a total of 346 points in the intraday trade today. The support level of 21913 was taken out with so much force (depth of the RED candle) that it felt like kissing goodbyes to this level. The culprit was BankNifty, after the RBI MPC meeting today, despite no major policy decisions - banks started falling, pulling the other stocks along with it. One thing that stood out in the discussion today was the instruction to include the loan processing fees, and other charges to the interest component so that the end customer knows the exact rate he is paying. Why would the bigger banks get spooked by that? Other stocks like NESTLE and ITC were looking weak even before the Governor’s speech. 63mts chart Between the last expiry and today, Nifty has gained only 70pts ~ 0.32%. The gains would have been sizeable and meaningful if not for the rout today. After today’s episode, we drew the double top pattern (M pattern). Since the support level of 21913 is breached, we hope that this pattern holds. Nifty is by no means bearish, unlike BankNifty which slipped into the RED today. If BN continues the southward journey tomorrow, most likely N50 will have to follow suit.
NSE:NIFTY
by viswaram
30 Jan ’24 — Nifty Gets a Downgrade after yesterday's upgradeNifty Analysis - Stance Neutral ➡️ Recap from yesterday: “We are changing our stance from neutral to bullish as we had all 6 green candles today. Ideally, the stance change should come only after the 21913 resistance breach — but we are taking a bit of risk here. The pattern played out to be a W (double bottom). We would now look for bullish opportunities and the first target would be 21913. The global macros are not looking good with the war in the Middle East, news from Taiwan, and news from N Korea. Hope our markets will give a strong clue in case the situations escalate.” 4mts chart It is too early to say if the move today was due to the News impact that said “The US would give a fitting reply to the actions of Iran”. For us, it looked like a technical cool-off. We made the mistake of upgrading Nifty from neutral to bullish yesterday despite getting all 6 green candles. Today, we lost in a similar fashion 5 out of 6 63mts candles in RED. Most importantly we are back at the support level of 21491 where Nifty paused. Interestingly BankNifty did not fall that much, and neither did the NiftyIT - the pain was mostly for RELIANCE, Bajaj Finance, Titan, and ITC. 63mts chart We are back at square 1, the same support/resistance level of 21491 which we hit on 15th Dec 2023. In the last 1.5 months - we have gone nowhere. Seems like the Foreign Institutional Investors and DIIs took us for a roller coaster ride - and most of the retail traders are throwing up after the ride. After the meltdown today, we are changing the stance from bullish to neutral. Gap-down open is the best way to take out the support. If we break the next target to watch out for will be 21292 followed by 21199.
NSE:NIFTY
by viswaram
ITC | Swing Trade📊 DETAILS Sector: Diversified Mkt Cap: 570,260 cr Established in 1910, ITC is the largest cigarette manufacturer and seller in the country. ITC operates in five business segments at present — FMCG Cigarettes, FMCG Others, Hotels, Paperboards, Paper and Packaging, and Agri Business. TTM PE : 28.25 (High PE) Sector PE : 30.10 Beta : 0.63 📚 INSIGHTS Strong Performer Stock with good financial performance alongside good to expensive valuation, but lacks price momentum as suggested by technical indicators 8.53% away from 52 week high Underperformer - ITC up by 4.41% v/s NIFTY 50 up by 9.4% in last 1 month 📈 FINANCIALS Piotroski Score of 7/9 indicates Strong Financials Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst. If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you. 🔍 More Analysis & Trade Setups 🔍 For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
NSE:ITCLong
by Munish_Jain
ITC Ltd. - Double Break Out TradeDate : 11-Oct-2023 Rating : Buy LTP : Rs. 448.25 Target: (1) Rs. 455, --> (2) Rs. 480, --> (3) Rs. 500 SL : Rs. 433 Exit Plan : Follow the 7D/13D EMA cross down on closing basis. NSE:ITC has given double break outs. From its current short term down trend and from double bottom pattern. Have closed above 20D MA. EMA, MACD and RSI giving bullish sign with RSI giving positive divergence. Disclaimer : I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market.
NSE:ITCLong
by vicky252
6
Nifty FMCGList of stocks in Nifty FMCG Britannia Industries Ltd Colgate Palmolive Ltd Dabur India Ltd Emami Ltd Godrej Consumer Products Ltd Hindustan Unilever Ltd Itc Ltd Jubilant Foodworks Ltd Marico Ltd Nestle India Ltd Procter Gamble Health Ltd Tata Consumer Products Ltd United Breweries Ltd United Spirits Ltd Varun Beverages Ltd Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst. If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you. 🔍 More Analysis & Trade Setups 🔍 For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
NSE:CNXFMCGLong
by Munish_Jain
2