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ITC

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.
NSE:ITCLong
by ShekharChatterjee
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.
NSE:ITCLong
by Abhishek_TradersSin
7
ITC WAIT AND WATCHLast week market was overall bullish and sellers had a full control over market. It is still seeming weak and will be in same condition in upcoming weak as per my analysis but as we know that market can change its direction any-time so we can not relay only on analysis. So in ITC chances are too high that market will open in downward side but there is a also small chances to open market in upside so wait until 9:45 and after that enter into market accordingly. PUT Stop Loss and Take Profit targets according to your own Risk Appetite. Happy Trading. :-) Note : Trading foreign exchange and stocks on margin carry a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange or stocks you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss in excess of your initial investment. You should be aware of all risks associated with stock and foreign exchange trading and seek advice from an independent financial divisor if you have any doubts. I am not a licensed financial advisor and this content is not financial advice.
NSE:ITC
by TraderParth
3