ITC
ITC falling back towards SupportI had given an outbreak call on ITC based on a condition.
Condition being, if it breaks above 175, we could see a big move.
Just look at the charts. It reversed exactly from the resistance. Now, it has moved swiftly towards the support.
There can be two trades here.
1. If ITC pierces through the support, it is a short below 166. Short at 166. Target at 157. Stop loss at 169.
2. If ITC bounces back from the support, we could see another move and possibly an other attempt to break 175. Buy at 168. Target 175. Stop loss at 166.
I've always said it. Sometimes the simplest analysis based on trendlines can give the best results. :)
ITC Prediction1 Month - Downtrend
1 Day - Sideways
1 Hr - Sideways
15 Mins - Downtrend
Monthly chart
1st support 153
2nd support - 141.10
1st resistance - 196.35
2nd resistance - 230
Daily chart
1st support - 165.3
2nd support - 156.0
1st resistance : 196
2nd resistance - 209.75
ITC VERY STRONG RESISTSANCE at 174.70Honestly, if there was an ever an example to use to teach someone resistance, it's this. Reverses from the trend line every chance it gets.
Imagine the psychology of a trader if it breaks the barrier.
Buy above 175 with an open target. It will move! NSE:ITC
ITC is on the roll to give profitsPlease follow these rules while taking a trade :
1. It should break the ongoing channel (Checked).
2. The volume of breaking candle should be high (Cheked).
3. There has to be a retest (Checked).
4. Make a position only after the retest's second candle (Checked).
Do let me know if you have any doubts related to the trade.
ITC what a breakout!ITC is trying to break the 174.80 on hourly setup for the 4th-5th time. If it manages to break this, it could be a huge move upwards. Buy @175. Target @180. SL@169. CLSA has upgraded the stock too. This could be huge for the stock!
ITC : Reversal or ContinuationITC trading at 167 and trying to hold the low of
24 Sep 20 (166.15)
In previous day session it has formed a doji near
this level. Plz dont pre-empt of reversal and start buying it.
Wait for a bullish candle (with good vol) like I've shown in chart.
And, when high of this green candle breaks we can go long.
Conversaly if breaks 166, 157 is the next target
So, wait for next move of ITC
itc bullishitc may open gap up because of the high volume and 45.77 % of Deliverable Quantity to Traded Quantity.
ITC LongBUY BETWEEN 166-168
SL-164
TARGET-174/177++++
===========================
BUY 170CE BETWEEN 5-5.5
SL-4
TARGET-8-10++++
ITC at Important SupportITC taking support at 180 levels and 50 % fib retracement level. Can go long here with SL close below 63% Fib levels.
ITCHI, THIS ITC CHART STUDY IS ONLY FOR EDUCATIONAL PURPOSE. ITC FORMING C&H PATTERN AND ALSO H&S PATTERN...LET'S SEE IS THERE BREAKOUT OR NOT... NO BUY SELL RECOMONDATION
ITCIm not an expert im just sharing my views on ITC for tomorrow
Im not responsible for any profit or loss this is not a recommendation
ITCIm not an expert im just sharing my views on ITC for today
Im not responsible for any profit or loss this is not a recommendation
ITC ITC IN SUPPORT ZONE STOP LOSS NEAR 150 BULLISH TREND . always minimize your risk when stocks move in your favour . Thank You
ITC Mid-Term (157-160)ITC's 157 support is also close to 38.2 fibo level on day charts.
Could be good entry zone from 157-160
ITC Looking WeakStock is forming rounding bottom. Broken strong resistance of 180 levels and may touch 160 if weakness continues. Added at 180, will add more at 160.
Long term View. Debt Free stock. Dividend Plus Growth. Only for Investors with patience. Monopolistic Business. Diversified business.
