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ITC

#ITC- Let's talk about the entry.Do you remember we tried to label Elliot waves? If not, then look at the previous idea, will attach the link below. I have always emphasized on entry, if your entry is great, even if your analysis is wrong it will not damage your capital much. And if your entry is horrible, then......... ;) Talking about ITC, it is moving in a channel or bullish flag in smaller timeframes, breakout from the flag might open the doors for the mentioned target in the previous chart. But but, if it doesn't break, then it can penetrate deep in the support around 207 levels. I might look for that level to go long if falls in my setup. There is heavy chance that it might take support around 207 as if breaks that support then it can fall deeper towards 196 as other support might not be much more reliable. Regards
NSE:ITC
by yogi_sharma_elliottician
11
ITC | round Top formation | Short Setup 🎯===================================================== ⭕ Day Trading opportunity ! 15 min Chart Alert !!! ⭕ Although RETRACEMENT IS PENDING !!!!!! --sell below =213.45 or CMP --Target = 208 --Stop-loss = 215 --Lot Size = 3200 --R:R = 2.48 --Expected Profit = 17,000 ₹ per lot (2.55 % ) --Expected Holding = 1 day only #ThankU For Checking Out Our Content , We Hope U Liked IT 📌 ====================================================== ⭕ Technical Reasons to trade OR Strategy applied :- ⭕ 1) ITC has formed the round top setup 2) Volume is more than sufficient i.e bearish candlestick pattern 3) time correction is done ...now price is correcting 4) Resistance break ====================================================== Guys check out the related ideas as well, it will work really well GUARANTEED ! 🙏FOLLOW for more ! 👍LIKE if think is useful ! ✍COMMENT Below your view !
NSE:ITCShort
by ReviveTraders
7
#ITC turns around 161, clean Elliot waves. #wave 3In my previous idea, I already suggested that we could see some reversal around 161/57 for 185 at least. It gave a breakout from the pitchfork as well. Will attach the link below. Now, as per elliot waves, if the counts are valid, then the scrip soon touch the marked levels on the chart. If you're a trader, then a right entry and SL is too important. So look for a buy setup as per your trading plan and method. Even if you are correct, still a wrong entry will cause failures and loses. And even if you're against the trend, a right entry will save your.... ;) Also, I can decorate my every chart with 100s of pattern, fibonacci retracement, gann, harmonics, retracement, trendlines and channel, but I choose not to. If you want to see simple analysis with highly accurate predictions, then see and learn from my other ideas shared. Anyway, if you like my ideas then give a like and comment. Reach out to me for enquiries and doubt. Link for previous ITC idea below. Regards
NSE:ITC
by yogi_sharma_elliottician
4