Get started

ITC

ITC : Bullish Divergence on PullbackITC is one stock that is exhibiting 4 strong buy signals: 1. Price Action - The stock has been trading in a price action value area as indicated in the box. Can zoom out to get a better view. See the linked ITC idea on how to exploit it best. 2. Regular Bullish Divergence - There is a clear bullish divergence as indicated on chart. 3. Declining volumes also confirm the divergence. 4. Pullback from 50 DMA - The stock has taken continuous support from the 50 DMA since its uptrend in May and unless its breaking that trend due to a significant correction in the Market over the next week, the pullback offers a good entry point. So I would be going long on CMP with a SL at 192. Risk averse may want to take positions above 195 (50 DMA). Immediate targets would be 196.5, 198, 200, 202. If it sustains above 202 on the hourly chart - there is a gap to fill opening targets 207, 210. P.S. I see a lot of traders here posting statutory warnings about how they aren't responsible if the reader loses money by following the idea blindly. Same Pinch!
NSE:ITCLong
by raj_rishav
7
Buy ITCI hope you can now see how the ITC represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favour. Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis . Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
NSE:ITCLong
by EntryandExit
ITC, Fibonacci levels and resistance.CMP-200.7, Fibonacci level(.618)- 209.25 it is approaching its trend line(marked as green) through which it was taking support multiple times. next big resistant is poised at 200DEMA which is at 209 level. multiple time it has attempt to crossed but failed. tomorrow it will cross it or not totally depends on results. downwards support is at 198 level which on earlier time was a resistance. note- I am invested in this script. any suggestions are welcome. i am also learning through sharing.
NSE:ITCLong
by sks_saty
4
WHY IS EVERYONE GIVING A BUY RATING FOR ITC ?Off course the fundamentals are great but with so many firms giving advice and buy call for itc, I thought why so? I studied the chart and saw that itc is trading near 1 year strong resistance trend line. Some days ago, due to high dividend given by itc it crossed this line but again started trading under this trend line. If it crosses this resistance then next we will look at 1/3rd and 50% retracement level as target for upcoming days. I have drawn support and resistance lines for positional traders. As it could make big move at any time so keep your eyes on itc, if it again gets resistancce at this trend line then it could possibly move down to 1/4th retracement level. An intraday chart will be provided soon.
NSE:ITCEducation
by aryanamar
Creating a pandemic proof portfolio with FMCG stocks Most of the mid-cap Indian equities have taken a hit from the current COVID-19 scenario. However, there have been some of the stocks which have shown immense recovery signs in the pandemic and can be a safeguarded investment for this year. It's quite general that the sector which is expected to be unshaken during this time is FMCG. However, if the economy of a country faces a complete lockdown somehow it affects the delicate and important aspect of supply chain management. That's what happened with ITC. Now, as the nation is preparing itself for an unlock so as to protect its commerce and trade, it is expected that FMCG sector stocks can make a recovery to the old level (BEFORE MARCH 2020). One of the most interesting things is that I still consider that ITC is on a very rationale price to the investors. Although the investors who put their money when the stock was on its year-low range of 130-140 are enjoying their smart investments, it's not too late. During the current period of unlocking, there will be more ease to SCM for the FMCG sector which can directly result in an increase in sales of inventories. As ITC provides a wide range of products that fall under the category of strict basic necessities, it is also having a giant market in the tobacco industry of India. Also, from 17th July, the results of FMCG stocks are lined up and ITC will be sharing its quarterly results on 24th July. The results can have a little deficit when compared to the financial plan but still consist potential of providing positive momentum to the price of the stock. TECHNICAL ASPECT The only thing stopping ITC from having significant growth in the market is the strong resistance level of Rs200 and Rs210. These are key levels to watch. The stoch-RSI is finally reaching to the normal territory indicating a certain potential to break respective resistance levels. Strong profit-booking momentum can be there for the stock when around the price range of Rs230. Target- Rs250 (Long-term) Stop loos- Rs180
NSE:ITCLong
by VasuSinghal23