ITC
ITC ( Can be a Good Swing ? )ITC can be Good Swing for a shorter Period of Time
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DM for your Enquiries
Best Risk Reward. Immediately long ITC. 1:7 RRITC is consolidating at such a level that it is definitely not worth the mss. The last trading price of ITC is around 217 and I am we cannot have a better chance than this to create a long position. However, please read this completely before taking a position otherwise you might incur a loss.
Chart analysis
The oozing out of selling pressure indicates exhaustion of sellers around critical support. This is a strong bullish sign. However, since the results took a beating on the stock, I am recommending going with March F&O instead of February. I am expecting a sharp recovery in the stock. We might hit the stop loss here however the Risk to Reward is just too good to not take a risk here.
Buy March Futures Only.
Lot Size: 3200
Margin: 1,52,700
Keep SL of 2 points only at 215 on the spot price.
Targets: 232, 236, 244, 251
Profit at Targets:
At 232 (44,800 or 29.3% ROI), At 236 (57,600 or 37.7% ROI), At 244 (86,400 or 56.6% ROI), At 251 (1,08,000 or 70.8% ROI)
Max Loss: 2*3200 = 6,400 (or 4.2%)
Risk to Reward at T1: 1:7
Please note, that I am not a registered advisor and this should be used only for informative purposes. You are advised to consult your advisor before investing.
ITC'S NEW TARGET 238The basis for the analysis is as follows :
1. Uptrend move and support
2. Rising volume breakout + 50% green body above resistance
3. Retesting done
4. Entry trigger after consolidation break level
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ITC forming Head and shoulder pattern(Positional Trade)Shorting opportunity below 216.15
T1-212.4
T2-207.2
T3-202.55
SL-221.8
Nice time to buy ITC here !! According to me, Buy it for long term within range of 210 - 215.
Nice bounce back shown in its support.
Add it to ur portfolio....
Chance to buy ITC. Perfect resistance and support by pivot.Let's see what will happen tomorrow. If it breaks its first support then there is sec support at 208. We can call it a perfect buying opportunity. Give your attention and make a big profit. At least try paper trade for study purposes. Happy trading. Stay tuned, If you want more easily understandable ideas then follow my account, share my charts, and don't forget to like them.
Thank you.
ITC | Wait for the support from current level218.5 - 222 was big resistance which had been broken on 04-feb, if it takes support from the same current level then one can long on it. 264 is easy target and can get more in positional. NSE:ITC
Watch for a breakout or swing opportunityITC reached one of its strong support regions. Keep an eye on ITC for breakout opportunities or swing trade.
ITC LtdResult Declared. But it will be interesting to watch the stock at its sweet zone above 135 TL sub wave. But its primary signals towards completion of 3rd Wave. But the problem is 3rd wave can extend upto 2.618 now it has reached just 1.618. So better wait for a proper breakout or reversal to go long.
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Chart and Analysis By - Adarsh Dey
🚬 #itc #nifty #banknifty #niftybank #niftyfmcg #fmcgNSE:ITC
as today was result so be careful in this trade if find reversal or support from given PRZ levels then only long this stock. Learn Apply Grow
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.
