ITC
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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Last Idea on Global Index - SP500
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To check older ideas use profile page & search box available on the profile page
in.tradingview.com
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Thanks for watching this idea & your precious time. Have a wonderful week ahead
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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
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.
NIFTY50 KEY LEVELS SUPPORT AND RESISTANCE 11/06/2020 EXPIRYKey Levels for NIFTY50 : INTRADAY CHART ANALYSIS
UPPER BREAKOUT~10162
FIRST TARGET~10198
INTERIM RESISTANCE~10231
FINAL RESISTANCE~10264
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LOWER BREAKOUT~10120
FIRST TARGET~10091
INTERIM SUPPORT~10062
FINAL SUPPORT~10027
My views are for educational purposes only.
Please trade with caution and consult your financial adviser before trading.
ITC: Positional Trade...Find the Demand and Supply ZonesThere is a Verry Strong Demand Zone @ 190 Zone. Next Minor Demand Zone @ 200 level. Now it is trading above 200 so in the coming weeks, it may test its next Supply Zones on the Upside...
Please find the Demand and Supply Zones for the Target and Stoploss.
Thank x Trade Well
NIFTY50 KEY LEVELS SUPPORT AND RESISTANCE 10/06/2020 WEDNESDAYKey Levels for NIFTY50 : INTRADAY CHART ANALYSIS
UPPER BREAKOUT~10075
FIRST TARGET~10123
INTERIM RESISTANCE~10184
FINAL RESISTANCE~10235
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LOWER BREAKOUT~9983
FIRST TARGET~9946
INTERIM SUPPORT~9905
FINAL SUPPORT~9861
My views are for educational purposes only.
Please trade with caution and consult your financial adviser before trading.
NIFTY50 KEY LEVELS SUPPORT AND RESISTANCE 09/06/2020 TUESDAYKey Levels for NIFTY50 : INTRADAY CHART ANALYSIS
UPPER BREAKOUT~10199
FIRST TARGET~10238
INTERIM RESISTANCE~10273
FINAL RESISTANCE~10307
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LOWER BREAKOUT~10149
FIRST TARGET~10118
INTERIM SUPPORT~10082
FINAL SUPPORT~10039
My views are for educational purposes only.
Please trade with caution and consult your financial adviser before trading.
HDFC KEY LEVELS SUPPORT AND RESISTANCE 09/06/2020Key Levels for HDFC : INTRADAY CHART ANALYSIS
UPPER BREAKOUT~1771.60
FIRST TARGET~1781
INTERIM RESISTANCE~1791.95
FINAL RESISTANCE~1805.30
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LOWER BREAKOUT~1748.85
FIRST TARGET~1740.25
INTERIM SUPPORT~1730.85
FINAL SUPPORT~1719.10
My views are for educational purposes only.
Please trade with caution and consult your financial adviser before trading.
NIFTY50 KEY LEVELS SUPPORT AND RESISTANCE 08/06/2020 MONDAYKey Levels for NIFTY50 : INTRADAY CHART ANALYSIS
UPPER BREAKOUT~10186
FIRST TARGET~10219
INTERIM RESISTANCE~10256
FINAL RESISTANCE~10290
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LOWER BREAKOUT~10147
FIRST TARGET~10128
INTERIM SUPPORT~10098
FINAL SUPPORT~10066
My views are for educational purposes only.
Please trade with caution and consult your financial adviser before trading.
NIFTY50 KEY LEVELS SUPPORT AND RESISTANCE 05/06/2020 FRIDAYKey Levels for NIFTY50 : INTRADAY CHART ANALYSIS
UPPER BREAKOUT~10063
FIRST TARGET~10095
INTERIM RESISTANCE~10139
FINAL RESISTANCE~10187
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LOWER BREAKOUT~9995
FIRST TARGET~9947
INTERIM SUPPORT~9903
FINAL SUPPORT~9859
My views are for educational purposes only.
Please trade with caution and consult your financial adviser before trading.
ITC: Trend analysis (Strong long bias)Weekly Time-frame:
Last week ended with strong bullish candle. (Strong bullish bias)
Daily Time-frame:
While analyzing weekly strong bullish candle, on daily time-frame price broke the down trend-line with strong bullish momentum which signify possible trend change.
4H Time-frame:
After breaking down trend-line on daily time-frame, price also broke the 50-EMA and immediate resistance zone/level with the momentum which is high confluence . Then prices made a higher high which confirms the up-trend.
For conservative trading, wait for some correction i.e. pullback towards high confluence area.
Conclusion: As price action on every time-frame confirms long bias, one can initiate a long trade once pullback is over with stop-loss below support zone keeping own risk to reward ratio in mind.
NIFTY50 KEY LEVELS SUPPORT AND RESISTANCE 04/06/2020 EXPIRYKey Levels for NIFTY50 : INTRADAY CHART ANALYSIS
UPPER BREAKOUT~10105
FIRST TARGET~10151
INTERIM RESISTANCE~10187
FINAL RESISTANCE~10221
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LOWER BREAKOUT~10035
FIRST TARGET~9997
INTERIM SUPPORT~9941
FINAL SUPPORT~9878
My views are for educational purposes only.
Please trade with caution and consult your financial adviser before trading.