ITC a perfect buy at current levelsIn the daily chart, we can see that there is a clear reversal from the bottom of the channel. Take long positions for longer targets.
ITC
Buy ITCBuy ITC in betwwen 212-217 Stoploss 205 Target 235
Stock is now trading at retesting zone after Breakout...It may take support and bounce from given level
Swing Trade Idea #235 : Long on ITC This is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow it if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
ITC long term view ( time frame 1W ) This is how ITC performed after the crash. In the channel pattern, it has taken 2 supports, 3 resistance.
After that did you observe bulls are aggressively buying near the upper trend line. the psychology behind this is in very soon there will be a huge breakout in ITC.
Please LIKE you are convinced with my explanation, if not let me know in the comment section. I am eagerly waiting for your reply good or bad just reply. Thanks for reading.
Disclaimer:- It's just for educational purposes.
ITC | BUY above 210, Target1 222
1. Bullish RSI Divergence at Daily & 15m timeframe.
2. Formation of ascending triangle, which is considered more towards bullish probability trend.
3. Formation of higher low at daily timeframe .
4. Price above EMA 200 on daily timeframe , its still bullish .
Swing Trade
Target1 - 222
Target2 - 234
Target3 - 244
SL1 - 205
SL2 - 200 (trend reversal)
ITC Potential Long Setup/Trendline setupsPlease refer the details on the chart itself.
Disclaimer: Documenting here for the study purpose only.
ITC Big move awaiting ITC stressing all technical analysts with its stubbornness to not move according to price actions. 213.55 and 208.55 are the main levels to watch for. Keep on radar.
ITC | Buy - RSI divergence + Ascending Triangle Formation NSE:ITC
1. Bullish RSI Divergence at Daily & 15m timeframe.
2. Formation of ascending triangle , which is considered more towards bullish probability trend.
3. Formation of higher low at daily timeframe.
4. Hourly candle took proper support on 22nd Jan during last 1.5hours at the resistance shown , respecting the long trend line.
5. Price above EMA 200 on daily timeframe, its still bullish.
Swing Trade
Target1 - 222
Target2 - 234
Target3 - 244
SL1 - 205
SL2 - 200 (trend reversal)
ITC Descriptive Chart for PA analysisThe Chart is Self Explanatory.
Rest Market Will Tell!
Note: Post only for education purposes.
Upside expected in ITCI am expecting 226 in the next 2-3 sessions.
Short Term Targets: 230-235
Medium Term Targets: 240-245
Long Term Targets: 300++
ITC seems bullish.
Everything visible on chart. Kindly comment or reach out for clarifications or views.
Rest Market will tell! :)
Note: Post only for education purposes-
BUY ITC LONG AT 218 FOR A BIG TARGET. Keep a small sl of only 2 to 3 points and take target more than 10 points
Breakout in ITCITC is showing signs of a breakout even when the broader market is all red.
If it closes decisively over the indicated trend-line, there could be a good 7-8% move.
Trade only if the breakout is decisive.
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ITC VIEW FOR 5 TO 6 TRADING SESSIONBUY ABOVE 218.60 ON CLOSING BASIS ON DAY CHART
STOPLOSS:- 210
TARGET :- 230-233
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