11/11/2020 Research Report For ITCBuy @ CMP CURRENT MARKET PRICE
First Sell Target 209
Final Sell Target 229
ITC
Nifty Weekly BreakoutIn continuation of my previous post, Nifty has given a breakout of the falling wedge pattern. Nifty should now give us a clear trend and move up in the coming weeks. A retest of the 14400 levels remains open but that would be a good opportunity to add to the longs. View - Buy every dip for ATH and beyond.
ITC Buy/Sell opportunityAfter rejecting the support of 200 thrice, ITC is ready for a breakout above 200 after completing the triangular trade zone. ITC has been a very slow moving stock and hence the targets are as per the Buy/Sell marks.
You can always do back testings on Day/Week/5min charts as per your experience and track the Bank results to have a stronger view before taking any trade.
This is just my personal study and analysis. Do not trade on the basis of just my study. Do your own research as well.
LONG TILL 240 IF BREAKS THE ZONELONG TILL 240 IF BREAKS THE ZONE IN DAILY TIME FRAME NOW AT CRUCIAL LEVEL.FIRST TARGET 220 ; SECOND TARGET 240.
PLEASE LET ME KNOW HOW GOOD IS THE ANALYSIS IN COMMENT BOX.
#Itc- the stock that has become a meme The chart is self explanatory and with all the details.
Go through the chart and then give a like and leave a comment even if you don't want to. JK.
Regards
ITC - Falling wedge on supportPrice forming falling wedge pattern and trading on the support to breakout.
ITCRight Time to Buy ITC. at level of 200.
The Stop Loss in 190. This is the Medium & long term view.
Best Setup to Buy in Long Term
Things not looking good for ITC.Things not looking good for ITC. Trade get triggered only below the support zone at 195-200.
ITC: Target : Head and ShoulderWhat’s next? 1. 192 is support and point of control level 2. Head shoulder pattern gives a target of 160-165 which is next support after 192. 3. Wave truncation, wave 4 has reached to Wave 1 trajectory. 4. Break out of ascending diagonal channel 5. Volume dries up 6. Final qtr results on the way. **** short it below 190*****
ITC Good Short ? Head and ShoulderITC has been holding the 200 Level since Dec 2020.
Level has broken today and retested, ii may be a good short for the Head n Shoulders Breakdown target.
ITC may go big keep eyesITC has retested support of 200 continuously 6-7 times and made support to the previous trend so it is looking big
Disclaimer - Trade is not recommending on behalf of my views these are personal
trade at your own risk
comment your view, what you think about it
thanks
ITC -Bearish stockAnyone can take bearish trade on the ITC stock below 199.50. The yellow horizontal ray are intraday target or max to max 2-3 day target.
This is for educational purpose. Please consult with your advisor.
ITC Near Crucial Level | 200 - 198The stock has already taken support multiple times in this zone and this zone does or die for ITC. Sustains in this zone would take this to the above levels marked on the chart.
If it fails to hold this then may test below levels.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
ITC TRADE!If you buy a stock multiple
times at different supports and sell them at different resistances is known
as Range bound trading.
This type of trading makes trading easy.
For now, ITC target is 218. It is currently at the support level so you can buy it
Itc lucrative above 210itc can be bough above 210 levels if it breaks the trendline for the target of 235 in 1 month
ITC on Hourly Chart Major hurdle 212 ITC hourly chart
Going toward the major support of 200
volume squeezing slowly
can pulled back with volume support
Strict long term stop loss 200 on month close basis
Ang long start above 212
I am not a SEBI registered adviser. All the information provided by me are for educational/informational purposes only. Never invest more then 2 % Capital In Single trade. Trade on your own Risk and analysis
ITCDaily Chart View
on the verge of supply zone
Strong Pull back Candidate
Taking Support on 200 EMA
I am not a SEBI registered adviser. All the information provided by me are for educational/informational purposes only. Never invest more then 2 % Capital In Single trade. Trade on your own Risk and analysis
ITC here again at Daily Support. Go long on May FuturesIt is time again that we are hitting most of the checkboxes pretty much decently well. Nifty is showing signs of strength while trapping the innocent retails. FMCG and IT are my go sectors right now, and if I am talking about FMCG, I should mention NSE:ITC
The stock is at the daily support. The NIFTYFMCG index is around the trendline support too. When the markets are weak, FMCG is a safe sector. One can definitely long ITC for smaller to larger targets mentioned on the charts with the SLs mentioned on the charts too.
Be smart in your level selections. If you are going for 205.25 SL, make sure your Targets are reasonable too. Always trail SL to previous-2 target and go along for a target of 225, and then 240 in the short term.
1. Buy March Fut
2. SL as per your risk appetite. Best SL at 199.5, and Targets are 215 and 225 and 240 for me.
3. Don't fall into the trap of expected market fall. If you are an investor, stay away. If you are a trader, you shouldn't care about the news or sentiments. Take traders that have a great RR.
Disclaimer: I am not responsible for your profit/loss here and this is just for educational use only.
ITC_KEEP IT IN YOUR WATCHLISTITC can show a good momentum in near future.
Dont miss to catch the opportunity,
(for educational purpose only)
ITC is just getting ready to go UP || GOLDEN ZONE FIBHi guys, as visible in the chart.
When ITC fell in Mar 2020 and later retraced to the 0.5 - 0.6 fib levels and after plotting a chart similar for the current levels we can see that the stock is hovering around the next 0.5-0.6 fib levels which makes it a high probability to shoot up in the near future and make another move of 37% anytime soon.
Keep accumulating and wait for another move.
FYI : I am personally invested within an average range of 195 / share.
