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ITC

IS ITC READY TO MOVE DOWN OR RANGE BOUND SEE YOURSELF !!Hi Traders, 1. On the 4th of July 2020, I gave the title " IS ITC READY TO MOVE UP OR GOING RANGE BOUND SEE YOURSELF !! and today it is "IS ITC READY TO MOVE DOWN OR RANGE BOUND SEE YOURSELF !!". There is only one thing common that is rangebound in both titles. Why it is so? See in last post point no.4 I wrote is quoting for your consideration " If the price takes out a lower yellow line in a 4-hour time frame and the next day closing is below the previous close then the trend will change to the downside." . you can see neither price fulfilled the taken-out condition in 4 hr time frame nor in a 1-hour time frame. One thing is quite interesting to know that week the first candle took resistance at redline after a gap down an open second rest of the days' price could not dare to fulfill my taken out condition in both time frames. Can you imagine the accuracy of my levels shown in fig last week post behaved so precisely that five days reacted on these? When we trade, we live in fear of braking levels at any time downside. But here spend five days in a small range. Almost in all my posts, I write why shared levels are so reactive in my all posts and conditions give you a real sight to trade in which direction. When to quit from your trade. 2. In point no.1 I mentioned is quoting for your consideration " The white one evening star and red one dark cloud on the same white resistance. Since I wrote dark]]k cloud is not activated till yet. If the activated price will move down. You can see this pattern not activated and the yellow support line provides the good support and price moved up." You can see the red circle pattern is still not activated after one whole week. Therefore, the price did not fall. What happened has already manifested one week ago. Many support and resistance and zone are available on the chart but I always use only those which suit the structure of waves. This is the power of education. I try to motivate you all to make charts and this unique language your friend both will elevate the level of understanding charts and earning too. 3. I have seen ideas of many analysts on this stock but missed that sort of consistent accuracy in their analysis and deliverance. Though all are good in their analysis the edge is missing. So Dear followers lift yourself to a consistent level. Trade Plan For Next Week 1. I market two yellow arrows one at the price section and second at volume. If you see carefully a message is given that down move is with decreasing volume. Had it gone for fall the volume should be in increasing sides. That is the reason the price got a range-bound. 2. Now if this information is correct means what smart money is showing not fake then next session closing should be above the red dotted line. To move up this line is important. That is why I showed a green arrow upside from this area. In this case, the upside target will be the red dotted line. 3. On the contrary, if the price moves down to the lower band that is the last level of which has the potential to resume the uptrend. 4. If the lower band of blue zone is taken out in a 1hour time frame I will be switching my sentiments to the downside with the target of the white line. Setting the last post figure to compare with the current fig so that you could understand my statements better. The rest price will decide. YOGESH VATS Disclaimer:- All trading positions should be taken from consulting your financial planner. This study is for educational purposes only.
NSE:ITC
by yvatsji
7
Just Dial is ready to make a W pattern on 9th July 2020.Please feel free to comment any doubts if you have , I have marked the level in the trade for tommorow. Logic : 1. It is most likely to take last resistance as a support and bounce back. 2. RSI is in oversold zone (31). 3. Bounced back from this zone more than 8 times . Setup : 1. 15mins Chart Time. 2. Target : 385 (The last HH which can act as a resistance) 3. Stoploss : 371 (Little higher than the previous high candle) 4. Risk : Reward is 5.2
NSE:JUSTDIALLong
by Abhishek_TradersSin
IS ITC READY TO MOVE UP OR GOING RANGE BOUND SEE YOURSELF !!Hi Traders, 1. In last week's post, I mentioned in the trade plan next week is quoting for your consideration. " if the price takes out a yellow line with the above-mentioned condition then the trend will change to upside." See in the last post I showed you two patterns circled in white and red. The white one evening star and red one dark cloud on the same white resistance. Since I wrote dark]]k cloud is not activated till yet. If the activated price will move down. You can see this pattern not activated and the yellow support line provides the good support and price moved up. My followers Have you ever thought about why I provide perfect support and conditions? Why price reacts to these markings. Why I do not make these support resistance up and down? More than 175 + post authenticate the above-mentioned questions. Since new readers can not think about this but you all have been watching since I started two publish my ideas. 2. In every post, I mention conditions and how accurately all work. This is a matter of deep thinking. for new readers, I write taken out conditions. And set last week's posted chart for your comparison of my statements for better understanding. Taken out condition works in the two-time frame combination for daily( 4 hr + 1 day) analysis. Similarly, work for lower time frames is also a two-time frame combination. For intraday trades 1 hr with 15 min. For taken out condition price has to complete in both time frames. Aggressive traders can take that side position in a lower time frame with the stop loss of breached candle low. In both the time frames given line is breached by a candle that candle high is to be breached by next candle and close should be above the previously breached candle. This is how taken out condition is being implemented. 3. In the current fig, I made two red dotted lines you need to understand these conditions for further trades. To move up price has to take out upper red dotted line in 4-hour time frame and next day closing has to be above last day closing. If this is not satisfied then chances of price to be range-bound in these two dotted lines. 4. On the contrary, If the price takes out a lower yellow line in a 4-hour time frame and the next day closing is below the previous close then the trend will change to the downside. 5. On the upside, the white dotted line will be the target. since the candlestick formation is negated by price so It should achieve the white dotted line as a target. The rest price will decide. YOGESH VATS Disclaimer:- All trading positions should be taken from consulting your financial planner. This study is for educational purposes only.
NSE:ITCLong
by yvatsji
20
ITC - Short after the initial upswingITC, as predicted in the last 2 posts on ITC (linked below) is trading in a value area. Today, it made a huge bullish marubuzo traversing the range of value area and closed just below the resistance of 203. However it did so with lot less volume when compared with its past breakout; which is primarily why I don't see it sustaining the bullish behaviour. The effects of Earning Release are already history, however a pending Dividend declaration may drive the stock upwards. 206 is the key level to watch out for that to happen. Also look out for volumes in play. The stock may see some upward movement before commencing its downward journey. Short below 203 for Targets of 200, 197 and 194. If it sustains 206 with high volumes - Buy 205CE or 210CE July options and sit back relax, buy some sunfeast biscuits (please do not smoke!) & wait for it to make new highs. In case of gap openings; follow ORB on 15 min candle.
NSE:ITCShort
by raj_rishav
ITC will go down ? What are the reasons ?Disclaimer ----------------------------- All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. Consult your financial adviser before any decision. This is only for education purpose. ITC 4H Chart : Dark cloud cover already activated, see the following chart
NSE:ITCShort
by Shreyanshgohel
3