ITC PRICE ACTION SHOWING REVERSALOn the Daily Tf a Doji Candle followd bu higher highs and higher lows at a market level acted as resistance previously which is broken now
so ?
bang bang?
ITC
HINDUNILVR KEY LEVEL SUPPORT AND RESISTANCE INTRADAY 03/11/2020HINDUSTAN UNILEVER KEY LEVELS SUPPORT AND RESISTANCE FOR INTRADAY 03/11/2020
TRADE WITH STRICT STOP-LOSS AND FOLLOW RISK MANAGEMENT
ITC LONG TRADE SETUPAfter down journey stock showing positive divergence on rsi so plan your trade and look chart for all levels.
ITC Forecasting , Positive RSI divergence ITC Forecasting , Positive RSI divergence
ITC is trading at its crucial support around 165 & Now RSI is also accelerating Positive divergence towards demand zone.
We can see first moves toward 180 if it successfully cross the 174.
If it fail to hold 165 then we can see next support at 157.
#ITC: Some hope with a pitchforkITC is bleeding red, but 158/161 is a crucial support and holding those level we could witness some bounce back towards 174/179/183 levels. If fails to hold the support we could witness further fall towards 148 at least.
Regards
ITC falling back towards SupportI had given an outbreak call on ITC based on a condition.
Condition being, if it breaks above 175, we could see a big move.
Just look at the charts. It reversed exactly from the resistance. Now, it has moved swiftly towards the support.
There can be two trades here.
1. If ITC pierces through the support, it is a short below 166. Short at 166. Target at 157. Stop loss at 169.
2. If ITC bounces back from the support, we could see another move and possibly an other attempt to break 175. Buy at 168. Target 175. Stop loss at 166.
I've always said it. Sometimes the simplest analysis based on trendlines can give the best results. :)
ITC Prediction1 Month - Downtrend
1 Day - Sideways
1 Hr - Sideways
15 Mins - Downtrend
Monthly chart
1st support 153
2nd support - 141.10
1st resistance - 196.35
2nd resistance - 230
Daily chart
1st support - 165.3
2nd support - 156.0
1st resistance : 196
2nd resistance - 209.75
ITC VERY STRONG RESISTSANCE at 174.70Honestly, if there was an ever an example to use to teach someone resistance, it's this. Reverses from the trend line every chance it gets.
Imagine the psychology of a trader if it breaks the barrier.
Buy above 175 with an open target. It will move! NSE:ITC
ITC is on the roll to give profitsPlease follow these rules while taking a trade :
1. It should break the ongoing channel (Checked).
2. The volume of breaking candle should be high (Cheked).
3. There has to be a retest (Checked).
4. Make a position only after the retest's second candle (Checked).
Do let me know if you have any doubts related to the trade.
ITC what a breakout!ITC is trying to break the 174.80 on hourly setup for the 4th-5th time. If it manages to break this, it could be a huge move upwards. Buy @175. Target @180. SL@169. CLSA has upgraded the stock too. This could be huge for the stock!
ITC : Reversal or ContinuationITC trading at 167 and trying to hold the low of
24 Sep 20 (166.15)
In previous day session it has formed a doji near
this level. Plz dont pre-empt of reversal and start buying it.
Wait for a bullish candle (with good vol) like I've shown in chart.
And, when high of this green candle breaks we can go long.
Conversaly if breaks 166, 157 is the next target
So, wait for next move of ITC
itc bullishitc may open gap up because of the high volume and 45.77 % of Deliverable Quantity to Traded Quantity.
ITC LongBUY BETWEEN 166-168
SL-164
TARGET-174/177++++
===========================
BUY 170CE BETWEEN 5-5.5
SL-4
TARGET-8-10++++
ITC at Important SupportITC taking support at 180 levels and 50 % fib retracement level. Can go long here with SL close below 63% Fib levels.
