ITCITC seems to have major support around 200-205. One must hold till that level. New buying near that level for sure.
ITC
Fabulous Idea on ITCNSE:ITC
In short term ITC finds support at Rs198-200.
A long term Bullish view on ITC.
Accumulation at major sell offs and sitting on it for a few years will yield good returns from here.
ITC - Tuesday Trade | 30th MarchStock forming symmetrical triangle on 30 minute time frame.
Movement on either side of triangle will give good move
ITC Expecting 215 in short termITC following the above patter for few weeks. In few days It will reach 215 easily.
I am standing strong on bullish side.
ITC for swing tradeBreakout and now retesting 219 .. atlfter creating pole now its retracement which may result in small consolidation then next breakout expecting 240 to 250 in coming days SL 200
Its just for study purpose not suggesting any buybor sell
ITC: coming out to be potential long candidate with excellent RRITC is one among the controversial stock of 2020.
Everyone is seeing value in business & company prospects but same is missing in stock. There are many reasons and all are subjective to conclude it simply, its not retailers logic which move the stock and ITC case is best fit.
Technically ITC is sitting at excellent setup, MAY give good momentum as recent spikes are indicating there is buying force turning into ITC. My reason f posting this stock is excellent Risk to reward.
So CMP could be start point of accumulation journey of ITC.
Note- This is not recommendation, you are advise to derive your own analysis trade as per your risk and reward.
BUY Opportunities in ITC, RELIANCE & HINDUNILEVER for 22nd MarchHello traders,
As mentioned in the video, you can look for possible buying opportunities in the stocks RELIANCE , ITC and HINDUNILEVER for coming session and also for the next few days. Lookout for the exact levels available in my Indicator and trade accordingly.
Take suitable entries at the mentioned Zones only so that you can get a favorable RR ratio.
For regular idea updates, kindly follow me on Trading view and stay connected. If you have any feedback you can leave a comment and if you liked my analysis you can press like button
Happy trading.
ITC LONG TGT 1- 260
TGT 2- 274
SL- 200
Bullish, upward price action, bears are getting weak.
RSI crossing 50
ITC - Stay long, as long as possible The chart is self-explanatory.
All tech indicators indicate a technical swing on the upside.
ITC buy at 210 or below with SL 182 and target 300+
Superb risk-reward trade it is.
ITC FuturesITC Futures
I am unable to understand the reason why is ITC Futures underperforming because there are so many bullish signs in the charts.
1. The candles in the daily charts have made a patter called triple bottom which means that ITC Futures are supposed to fly but there is a resistance at 212 levels.Next resistance can be seen at 216.10 but the pattern means that ITC Futures have collected a lot of strength here and we should soon see a price tag of 220 / 226 / 230.
2. Divergence indicator in RSI on the daily chart has issued a Hidden Bull sign.
3. There is an ascending triangle pattern on the hourly chart which again is a bullish pattern but RSI has broken the 50 levels downwards so if we see a positive opening and one push with a decent momentum this can be changed to a bullish sign in no time.
4. Daily charts which is a 15m chart is a little scary as the pattern seen is a descending triangle and this is a bearish pattern. It is opposite to the ascending triangle being made in the daily charts but looking at the bigger picture, I get a lot of confidence. One breakout and the pattern can be broken.
5. RSI will form a double bottom if we get a gap-up opening as well.
The lot size of ITC Future is 3200 shares. This is a very big lot and you can trade in cash if you are not comfortable to hold such quantity or take such big risks. The stop should be maintained below 201 levels.
ITC FuturesITC futures have turned 203 levels into a very strong support zone. We have heard about double and triple bottom which are strong bullish patterns but look at this, the candles taking support for 4 times and this makes me wonder how much strength has ITC Futures gathered now?
Can buy (lot is 3700 shares so please calculate risk) at CMP which is around 209.75 with a Stop Loss below 203 and targets of 215 / 220 and even 230+. Time frame can be entire month.
ITC SUPPORT at 201 and resistanceITC is at its breakdown at 201 level and after this breakout, it's gone to 215 Resistance & if this trend continues soon gone to 228 & if its in a downtrend it breaks its support 201 it went 191.
