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ITC

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.
NSE:ITCLong
by UbiquitousDK
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.
NSE:HINDUNILVRLong
by rvmohankumar
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.
NSE:ITC1!Long
by virralthakkaar
ITC at Daily support. Amazing Long OpportunityOur previous trade idea didn't go well since Nifty was in channel correction mode and the correction is expected to stop around 14450-14550. I am sharing the same script but a different definite idea for which I am very certain will succeed and recover our loss in the last trade. Disclaimer: Although my previous idea was clearly specified for March Futures, some of you are still holding as recommended. Please note that I had asked you strictly to not go for February Series Options and Futures, and yet some of you have DMed me about what options to choose. All the options buyers who went against what I asked on the strategy aren't even getting a cent on the dollar now, and that is why options buying is just so bad. Not only you need to be right, but also you need the movement in your direction and worst of all? You have to fight against time. However, since a lot of you have margin limitations and would like to get into the trade with a lesser margin, I am writing this idea especially for you. Hedge your Future Position Buy ITC March 185 PE: Margin req is 3,200 Buy ITC March Futures after buying the hedge, your margin req for futures will reduce by 13k to 41k. Total Margin: 44,414 Stop Loss: 202.5 on Spot (1.5 Rs Stop Loss only) We are buying at support. Targets: 218, 224, 238, 245, 264 Only enter this trade around 204.3 on Spot Price. Please please I emphasize do not cut your PE position when we go up, you will have a margin call and your future position might also be squared off by your broker. You are getting a margin benefit of 13k for a mere 3.2k premium. Keep that as a hedge if the position goes against you. The first two targets are possible from the past behaviour of the stock. However, please do not sit on the position and take the SL immediately if you happen two otherwise you will lose really big if you do not follow the SL with discipline. Respect your hard-earned money. As much as I am not responsible for your loss or profit, please be responsible to follow the trades as directed strictly. I was disheartened to see how some of you didn't exit on time citing the trade is for March Futures. You are correct, but now we are entering the same trade at lower levels and while we reach 215 levels with good profits or cut another SL for a small amount, you will either breakeven just for not following the Stop Loss strictly or might have to square off around 202 at a heavy loss.
NSE:ITC
by ShekharChatterjee
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