ITC ResistanceIn last few years whenever ITC do not cross the resistance level it starts intermediate downtrend to test lower levels.
ITC
ITC Ltd - Bearish SetupPrice action in ITC Ltd is signalling bearishness. It has closed below the important horizontal support line at 189 odd.
Initiate Sell.
Target 1: 170
Target 2: 165
Stop Loss : 194
ITC ltd [Swing trade]ITC is showing good strength. go long if it sustains at the level of (194-196) for the targets of (212-214) / (221.5-225) / (231-233)
Short term view for ITCThis is an educational post and hence consult your financial advisor before taking any position or trade.
Analysis is given on the chart
Grateful🙏
ITC Breakout Soon!The Stock Has been Under Consolidation For Few Sessions and will Soon Experience a Breakout!
All Levels Are mentioned On The chart, Follow me for more.
Cup is Ready - Watch out for Breakout A break above 194.5 should see ITC back to its price value area between 194.5 and 202.
If break above 194.5
T1 = 198
T2 = 200
T3 = 202
ITC intraday set up ITC saw some resistance and formed bullish flag pennant structure....its an indication of correction and continuation of uptrend....invalidation that breaks the trend will take it down ..
Target for next week, most likely it will touch 235 . Target for next week, most likely it will touch 235 .
ITC Target 195-200+, stop loss 180.ITC is expected to take support near present levels, buy with a stop loss of 180 (closing basis), for targets of 195 n 200+
NIFTY50 KEY LEVELS SUPPORT AND RESISTANCE 24/06/2020 WEDNESDAYKey Levels for NIFTY50: INTRADAY CHART ANALYSIS
UPPER BREAKOUT~10509
FIRST TARGET~10550
INTERIM RESISTANCE~10599
FINAL RESISTANCE~10651
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LOWER BREAKOUT~10443
FIRST TARGET~10410
INTERIM SUPPORT~10372
FINAL SUPPORT~10331
My views are for educational purposes only.
Please trade with caution and consult your financial adviser before trading.
ITC Earning season 25 May / Short trade @ 200 ITC in a breakout positon
Earning is on 25th may
1. 7%+ rally before earning season
2. divergence on money flow
3. resistance on 190-193 level (Technical analysis)
4. Resisitance as per option chain data is at 200.
Option chain data
Resistance strike 200 call - 33.5 lakh OI
Support at strike 180 put - 14.8 lakh oI
Bear looks more powerfull here.
Trade plan
Short
if stock price reaches 200 short SL 205 TGT1 190 TGT2 180
if stock price crosses 190 short SL 195 TGT1 180
Long
if stock price crosses 200 long SL 195 TGT
ITC - Double TopNote: This is for educational purpose only.
ITC looks bearish with double top formation. RSI below 50 indicates bearish momentum. Below 175, there will be further downside.
ITC - Harmonic PatternsShort around 200-202.
Aim for T1 & T2. SL as mentioned or as per your risk capacity.
Nifty - Selling at 10K Repeats!Disclaimer
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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.
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Trading Strategy
Plan A -
Only Above 10000 or 10K - look for upside target 10170-10200 else Plan B is our favourite short term strategy
Plan B -
Continue your sell taken close to 10000 for 9800 / Below 9800 for 9700 / Below 9700 for 950-9600- Break of Yellow Channel Downside - It may drop to 9400 & lower targets as discussed.
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Last Nifty Idea -
Roller Coaster Ride 9700 -Done & Out
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Last Idea for Stock - ITC
Selling The Tops at 203
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ITC price actions:Strong support 181.55 below, this price stock can slop up-to 174.30
If the price cross 186.35 to be in safe side stock can move up-to 192.70.
The stock moment is very slow.
In support line candle made a tail which shows price rejection.
A double curve has created and having a strong support level.
ITC GO SHORT ... CONDITIONAL SELL ONLY BELOW 185..!THIS , ANALYSIS OF ITC FOR NEXT 3-4 TRADING SESSIONS.
ITC IS FORMING BEARISH FLAG LIKE PATTERN .
ITC FACES RESISTANCE NEAR 195-201 LEVELS . UPPER MOST RESISTANCE (ULTIMATE SL) IS AT 205 LEVELS .
PRICE ON CLOSING 187.
THE PRICE MAY CONSOLIDATE LITTLE NEAR 188-192 LEVELS BEFORE COMING TO DESIRED LEVELS OR IT CAN STRAIGHT FALL .
BOTH THE SITUATIONS ARE ON .
EASY TARGET FOR ITC 182 .
BUT WE DONT DO EASY TARGET SO LETS TARGET FOR 178 FIRST THEN 174 .
SL WILL BE YOUR RESISTANCE LEVELS .KEEP IT FLEXIBLE .
HAPPY TRADING AND KEEP SUPPORTING .DO SHARE THE POST IF YOU FIND IT USEFUL .
DO ASK QUESTIONS IN COMMENT SECTION .
ITC IS IN SELL MODE WILL IT CONTINUE FURTHER SEE YOURSELF!Hi traders ,
One of my followers yesterday requested me to put some light on ITC , here this analysis for him and many more who are the part of this scrip or want to be. I circled an evening star pattern in white see this is tested by red long shooting star on red resistance. Clearly shows this pattern is active and you can see the effect of this pattern price going down. This is bearish pattern so my next target id lower blue line in coming days. If this is not taken out on 2hr time frame then structure will change and price will move down further. On the contrary If price consolidate or not taken out then up trend will resume. As you are expected to break 209 seems to be tough with this structure . Rest market will decide.
YOGESH VATS
INTRADAY TRADE- SetupBuy ITC above 194.50 for the target of 198...
Stoploss- 193...
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Vishwajeet Sharma
RELIANCE KEY LEVELS SUPPORT AND RESISTANCE 12/06/2020 FRIDAYKey Levels for RELIANCE : INTRADAY CHART ANALYSIS
UPPER BREAKOUT~1547.60
FIRST TARGET~1556.60
INTERIM RESISTANCE~1565.05
FINAL RESISTANCE~1574.05
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LOWER BREAKOUT~1530.15
FIRST TARGET~1522.35
INTERIM SUPPORT~1514.55
FINAL SUPPORT~1507.60
My views are for educational purposes only.
Please trade with caution and consult your financial adviser before trading.
