We missed 1st target by 3 points in my previous idea. Comin to current structure, we can see it is still in bullish trend but stuck in 206 and 209.5 zone. If the market is positive we, ITC might take out 209.5 and move towards 217/220. We have to watch out for the support marked in the chart. It has tapped twice and moved up, if it taps again then there is a...
Triangle PATTERN BREAKOUT and Retres on itc chart Happy LEARNING Like and follow me on more ideas
NSE:CNXFMCG had formed a triangle and has given breakout now. The Restest of an important level has been done so we can expect the index to go up. Keep eyes on NSE:ITC , NSE:NESTLEIND , and NSE:JUBLFOOD .
ITC on a daily chart has taking support multiple times in the range of 200-210. It has been facing resistance at the descending trend line as seen in the chart. Huge chance of breaking the trend line this. If it does we can expect 225 levels then towards 240 levels. Just my view. Please comment below your views as well
I see a descending triangle pattern here with strong support at 200-202. So, I see two buying possibilities: 1. When the price falls in the 200-202 range 2. When the price breaks the falling trend line Please do your own analysis before making any decisions and also let me know if I missed something. Let's learn together.
short for target 203 stop loss only 215 on candle close basis, also short only when candle closes below trendline
today we can see itc open gap up and then shown weakness.... today there is symmetrical triangle kind of charts pattern formed... wait for breakout...
Triangle PATTERN BREAKOUT on multiple times support zone
Trade Reason : 1. Price action 2. Flag pattern
ITC is moving in a downward triangle and has now formed a head and shoulder pattern. It might go back up due to the last session's retracement but should technically go down.
ITC given big move on Friday but not able to break trendline and sustain above 212.50 levels. If it faces rejection then there is possibility of descending triangle and it can fall below 200 levels. Also nifty is on make or break level so keep SL if positional view Ignore if crosses above 215 then big move towards 240-250 expected. Long Investors don't worry...
BUY with a risk of 4% . rewards can be up to 12%
ITC clearing making a descending triangle, should probably fall. Do wait for a confirmation before you enter and also if the market turns very bullish it may go north also. Trade wisely...
Can Enter at current levels (204 - 206.5) Positional Targets: T1 at 210 T2 at 221 T3 at 230 Consider Accumulating more at support levels - 200.35 , 192.50
ITC has again started upside momentum from its support zone. It has also given a breakout of the tredline. This can give you a value trade opportunity. (for educational purpose only)