ITC
MAKE OR BREAK for ITCITC is holding up quite firm. Stock was in uptrend all the way till August.
However rally has been seeing exhaustion and stock is consolidating in a narrow range between 50 and 200 EMA.
Consolidation usually leads to big moves. Directions though are not specified.
50 EMA is strong support whereas 200 EMA is strong resistance.
Stock is respecting the trend line as of now. Wait out for a signal to initiate a buy or short sell.
NOTE:- Do your own analysis before taking any bets. This is my personal opinion.
ITC-Bullish butterfly ITC is forming XABCD bullish butterfly pattern! Go long after bouncing from PRZ zone(green rectangle) achieve for targets marked(red thick lines)
Trade with SL and trail the profit!!
Happy trading!!
ITC Trade!Wait for the right time. Buy around 193-94 and set you target at 202 and further target is 210. SL is 190. further supports are also given if situation goes to worse.
ITCExpecting to take support from this level, then long else short till the pattern.
Have to wait & see.
ITC at Resistance levelsITC is currently trading at resistance levels. Further if it breaks 205-207 levels then we can look for the long opportunities.
But as of now I am bearish on intraday basis. Looking for short.
sold ITC------ INTRADAY Analysis short itc
its facing resistance now with a huge selling volume and confirmations is also done
Buy ITC above 200 for Target 210 , 228Buy above trend line breakout for short term gain for target of 210 , 228
ITC is forming Pattern inside PatternITC is forming Ascending triangle and Rectangle pattern.
This post is for education purpose only.
ITC - I won't call it a breakout yetPositional:
Go long above 195.8 for 198 with SL at 194
Short below 194 for 192
ITC - Price ActionEverything on chart.
Will take Positions through options only when trend line breaks on either side as shown.
Scalp away till then.
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!
Stock Analysis of ITC LtdITC is in consolidation form. Between ₹192.40 and ₹201.50. If price breaks level of ₹201.50 then it will face resistance at ₹205.70.
If stock decides to break support then it can go up to ₹186.40.
ITC - Ranged Trading ideaITC is trading in a value area.
Strategy 1 (Risk Averse but High Margin needed) :Sell Aug 200 CE & Aug 190PE as NMRL - Enjoy the benefits of Theta - Buy back when ranged target gets reached.
Strategy 2 (Riskier) : Buy 195 CE and 195 PE - Sell when range hits on either side.
ITC for tomorrowThe movement RSI above 60 + price above 202.25 and hold level for minimum 15-20 minutes a good buying expected * only this scenario for buying✓. If open with big gap and gap down * not trade×.
Disclaimer:- your capital at risk. Consult with your financial advisor before do any action and trade with own analysis and research.
BTST ITC * Broken 1HR Channel Pattern with strong candle
BUY @ CMP 200.4
SL @ 199.3
TGT @ 204
NOTE :
Please adjust for future rates accordingly!!
Respect Stop loss!!
Disclaimer: All charts are purely for educational purpose only. Invest or Trade at your own risk.
