In 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...
In today's trading session we have seen breakout of resistance zone in ITC. After this breakout, we will see the next immediate target 235 and 250+. It can take small retracement up to the breakout level from near 220. Possible trade: Buy ITC above 210 Stop-loss 200 Target 235 250+
Hello Looking for short term entry on ITC, multiple times rejection on the resistance, and after a few days prices given breakout with high volume. MACD is a positive state on a Weekly time frame and Stochastic is a buy state currently; overall all parameters are giving buying conviction.
Above 214 BO with good volumes We may see good up move up to 234-244 Weak below 180 above all important moving average
ITC forming shooting star with small body & upper shadow twice as long as body. Watch out for tomorrow's candle! A red candle might be a signal for the down trend.
ITC on a daily chart crossed important levels 200-210. If it stays above these levels, it can rally towards 235-265 levels
ITC is back to testing a major resistance. The stock has broken all barriers decisively in the last few trading sessions and is now on the field to break it's most important resistance since a very long time. ITC's time is here. Go long if resistance is broken decisively. Please like and follow. And I would be forever grateful if you would look at my ideas....
Trading strategy : Key level is 210 1. Go long above 210 keeping a mino Stop loss of 203 , for the target area of 240 & later 280. 2. Go short below 210 if it starts rejecting from the zone of 210-220 for the target of 190/175. 3. If it starts taking support near the zone of 175-180 again go long with that recent low as SL & ride till 210 & above 210 follow plan 1.
ITC has made a bullish flag like pattern. The Pattern is not exactly the text book definition. Still the way it is holding up and making higher highs and higher lows at lower TF suggests buying pressure and consolidation. It may give explosive up move in this month. keep on radar. I am expecting move up till the recent highs of 210. Post which it will go into...