Key level 240 . Above 240 structure will finally change to a bullish scenario. If rejected from 240 , it is more vulnerable to create a new low breaking the level of 135.
ITC is trading in a parallel channel and almost tapped the upper trendline for the third time.
If a candle is closed above 222 level, taps & breaks the upper trendline, we can witness the bullish move with a possible TP at 237.
Note: This is for educational purpose only. Please do not trade in F&O based on this.
There seems to be a bullish breakout with high volume. There seems to be similar breakout in RSI as well. Volumes have increased as well. RSI above 65 indicates bullish momentum.
You can buy 50% now and rest in dips until 221₹ - 219₹.
My SL is: 212₹
The much awaited breakout. ITC has broken out of it's trendline and also a crucial resistance with a huge volume spike. Will it sustain? We'll see. But most important ,Plan your trades according to your risk profile! Okay, Bye.
4H timeframe or day chart,
shorting opportunity is here as i shorted around 221. this chart is creating Highs and Lows, you can see the trendline as well,
as heavy volume is there as well, The price would rise a bit, and then might fall, in upcoming days ITC could fall down to 203 roughly, 7-8%.
Let me know your views on Comments. One can go LONG when it comes...
ITC is showing strength and it has braked one year range. Targets and SL are placed in chart.
Aggressive traders can enter now, and people who have patience can wait till break above 224.
DISCLAIMER: Trading Ideas are shared for learning and education Purpose Only. Please consult your financial advisors before investing/trading.
Buy 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
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...
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....
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)
