ITC - A viewpoint NSE:ITC
ITC Limited is a holding company engaged in the marketing of fast moving consumer goods (FMGC). The Company operates through four segments: FMCG; Hotels; Paperboards, Paper and Packaging; and Agri Business.
TTM EPS: 12.01
TTM PE: 21.40
Sector PE: 23.75
Book Value Per Share: 47.87
P/B: 5.37
Face Value: 1
Mkt Cap (Rs. Cr.): 316,769
Dividend Yield: 4.18
Some Positives:
Company with Low Debt
Increasing Revenue every quarter for the past 2 quarters
Increasing profits every quarter for the past 2 quarters
Near 52 Week High
Strong Momentum: Price above short, medium and long term moving averages
Some Negatives:
Inefficient use of capital to generate profits - RoCE declining in the last 2 years
Declining Net Cash Flow : Companies not able to generate net cash
My Opinion: When the stock is in any uptrend, it forms base in stages. One should wait for a new base to form. 265 is an important resistance.
Can ITC cross 310 and go even higher? Absolutely yes. When? You never know.
NOT A RECOMMENDATION. ONLY FOR EDUCATION PURPOSE. Thanks.
ITC
ITC 🚨 Is the top in? No one knows.
Before making any decisions, carefully examine the chart, observe and analyze the price action, and identify your points of interest.
While the chart may look ugly for breakout traders and momentum catchers, a dip towards lower levels presents a potential opportunity for investors.
The key lies in understanding your trading style, time horizon, and expectations. What might seem expensive for one trader could be a bargain for another. It's all about finding the right fit for yourself.
Disclaimer : This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
Hindustan Unilever Strong BreakoutBased on my analysis of the daily timeframe chart of Hindustan Unilever, it appears that the stock has recently broken out above a strong resistance zone that has been tested multiple times. This presents a potentially good opportunity for a swing trade.
For entry, I recommend going long at the open of the next candle. However, it is prudent to enter with only half of the desired position size initially, as many breakouts tend to fail. If the price pulls back to the flip zone and finds support before resuming its upward movement, we can add the remaining half of the position size. It is worth noting that sometimes the price does not pull back, which is why we are entering the trade with only half of the desired position size right after breakout.
Regarding the stop loss, I suggest placing it below the resistance zone with a buffer to mitigate the risk of getting stopped out too early.
As for the target, I recommend aiming for a 1:3 risk to reward ratio. This means that for every unit of risk taken (i.e., the distance between the entry point and the stop loss), we are targeting three units of potential profit.
Thank you for reading this post. If you found it helpful, please consider giving it a like and following me for more trading insights and market analysis in the future.
ITC to fall below 400, RSI Divergence & Elliot WaveITC has exhausted its bull run and indicating divergence on daily chart, Elliot correct wave is also due for further up move. This can lead to fall of ITC below 400 by Aug'23.
We can initiate short trade once white line breaks, or we can do now also with SL of 458
Disclaimer - The above idea is only for education purpose
INFY longThe chart pattern is suggesting that INFY is trending upside and today's closing is signaling that the stock has the strength to go up. As per the chart next stops should be 1333 and 1374.
Disclaimer - I am not a SEBI-registered technical analyst and advisor so contact your financial advisor and make a self-decision. I will not be responsible for any profit and loss
ITC stocks analysis on monthly basis & Also Target levelElliott waves completed (08 waves i.e 5 Impluse + 3 corrective wave ) since 2004 to 2020 on mothly time frame. than new Impluse wave have started since 2020. now in present seems that 3 wave have completed & 4th wave in ongoing. 4th wave to be comes at 38% or 68% of wave 3 which target have given in chart. And target upside upto 512 level when it completed 4th wave.
this is only educational
ITC India - Right way to get into the stock with the least riskITC India is bullish and the top performer in the Nifty for 2023. Now in a pullback - obviously everyone is thinking about how to get in.
ITC results were outstanding and the street has high targets. However buying at Life highs is fraught with risk - so how to do that successfully is what this 2 min video is about.
Disclaimer - I am long ITC and looking at a target of 500. This video is for education purposes only
Hindustan Unilever Inverted Head & ShoulderHindustan Unilever has formed an Inverted Head & Shoulder Pattern on the hourly chart. The pattern has formed near a resistance zone, which is a good confluence.
Entry:
We can go long after breakout above neckline/resistance zone with close of strong bullish candle.
Stoploss:
We can keep stoploss below the neckline/resistance zone, with some buffer.
Target:
We can keep target near the next resistance zone.
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ITC Stock (All Time High)Analysis on 9th February 2023
-Took Support on Black Trendline. (BUY)
-ITC breakout and currently All time high. (BUY)
-Stop Loss (346.90 rs) can be low of Big green candle because, High volume breakout which is also consider as a trustworthy Move. (BUY)
-Indicators Also showing HL while Price Action is Making HH, which is Bullish Continues Divergence.
For More conviction wait for tomorrow closing..
Have A Good Day !!
ITC continues to look very strong | Stop Loss Levels revisedITC continues to look very strong. Stop Loss Levels revised.
Short term traders Stop Loss: 370
Momentum Trader Stop Loss: 360
Momentum Traders who can handle volatility can keep Stop loss at: 345
Disclaimer: invested in the stock. Not an advice for you to buy/sell. Just letting you all know the levels as per charts. Do things according to your understanding.
I'm also a non smoker and do not encourage smoking 😒 🚭
ITC to DIVE TILL 350 below 384 closingNSE:ITC ITC has been sideways at the highs of life time and is showing negative signs of sharp down fall set up if it comes down and breaks the range support of 378/369,
below 369we can seen a sharp fall to 350 step by step with only 1 pause/support zone n middle at 363/361.
IF ITC BREAKS RANGE HIGHS/RESISTANCE OF 394 and gives closing and opens new candle above it, then and then only it can carry on the uptrend.