Sell ITC below 245 - Target 235 - 225. SL 255.Sell ITC below 245 - Target 235 - 225. SL 255. I will be selling #ITC below 245 for the target of 235 and 225. Selling will only trigger after price goes below 245. This will be positional trade.
ITC
ITC AnalysisIf ITC holds above 239 on the next trading day, then next week looks good for bulls for target 251. Expected time 20th Dec 2019 (+/- 24 HRS)
Minor Resistance/Trg 1- 247
Regards
ITC Trend Analysis & Trade Setup !!TREND ANALYSIS & TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
Wait for entry setup, if available then Long/short.
R:R is 5 to 8 times.
Long ITCGood support exists from 244-245 price band. Also, there is a gap in hourly timeframe. Expecting ITC to bounce from 245
ITC: Still Weak from Lower TFs.Weekly is in a nominal uptrend. The last candle however, broke below the support of 253.
There's an Ascending Triange (orange) breakdown in Daily which coincides with the Monthly Support (blue). I had already caught a couple of short trades in ITC using the aggressive 75 mins (Ascending Triangle) .
So, with bearish momentum on our side from the Daily also, we will look to play intraday tomorrow if it shows a pullback in 15 mins.
Buy ITC with CautionITC signalling a buy @ 250 according to Ichimoku daily charts and what makes the trade even more interesting is that the price is supported by the 50 days Moving Average. However be cautious as there is a Signal Line crossover above the MACD line which may well be a false signal as ITC has been making higher low and higher high in the daily chart since Sept 2019 so it's safe to keep a tight stop loss at the previous swing low with buffer.
Buy - 250
Target - 290
Stop Loss - 235
ITC ANALYSIS FOR FRIDAY 22/11/2019IT WAS RESPECTING BROADENING TRIANGLE PATTERN AND NOW HAS BEEN BROKEN ON CLOSING BASIS ON THE DOWN SIDE TARGET MARKED WITH ARROW GOOD LUCK
NOTE: TRADE AT YOUR OWN RISK
ITC WEEKLY CHART ANALYSISIN A WEEKLY CHART WE CAN SEE TWO LONG TERM TREND LINES AS MENTIONED UPPER LINE HAS GIVEN THE STOCK RESISTANCE THREE TIMES SO FOURTH TIME STOCK SHOULD TOUCH IT AS GIVEN WITH ARROW FOR THIS, STOCK MUST CLOSE ABOVE HORIZONTAL LINE AND LOWER TREND LINE ON WEEKLY CHART HAS GIVEN SUPPORT THREE TIMES IF IT TAKES RESISTANCE FROM HORIZONTAL LINE IT MAY DIVE DEEP TO 243 LEVEL WHICH IS BEST FOR FRESH INVESTMENTS GOOD LUCK
NOTE: FOR EDUCATION ONLY
ITC High RR Intra TradeAlready bearish from the higher TF, ITC has moved up to the pivot level and EMAs in the 5 min chart, I have sold for a very tight SL of 255.45. Refer my earlier idea on ITC for more clarity.
ITC Short Term TradeMultiple rejections of monthly resistance seen in Daily with choppy candles.
Price unable to move up with authority. Resistance apprears strong. Using 75 min TF, Ascending Triangle breakdown, entered short with SL at monthly resistance.
ITC LONG IDEAFINALLY TODAY NECKLINE BROKEN ON CLOSING BASIS NOW 50 % FIBONACCI LEVEL IS MAJOR HURDLE LETS SEE WHAT HAPPENS
ITC WELCOME TO CHANNEL? GO SHORTAS WE CAN PREDICT NOW IT IS MOVING IN A CHANNEL NOW THE TARGET MUST BE LOWER CHANNEL LINE MENTIONED WITH ARROW LET A 20 MINUTE CANDLE CLOSE BELOW 258.65 GOOD LUCK STOP LOSS 262.70
NOTE: TRADE AT YOUR OWN RISK
ITC - Retracement Phase - Supply & Demand ZonesDear Traders,
ITC is in retracement phase It has Strong supply @ 271, A strong close above 271 with huge volume would resume the uptrend, until it will be in a sideways to downtrend, Its for short term view.
Thanks
Dpak
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ITC - Positive moveThere could further positive move if it crosses above the 200 EMA
Volumn is also good on last day
ITC TRENDLINE ANALYSISMADE GOOD PROFIT TODAY WHEN IT WAS MAKING BIG GREEN CANDLE NEAR TREND LINE I STILL BOUGHT PUT OF 265 STRIKE AND MADE GOOD PROFIT REMEMBER BUYERS ARE MOSTLY TRAPPED NEAR TREND LINE GOOD LUCK WITH YOUR LEARNING
ITC: Ready for a new trending move? ITC: The RSI has shifted range and held to it after a long time. Overall chart looks good, if Nifty supports the stock may start to scale up soon. The RSI bouncing on 60 is a good sign of buyers presence in the stock. A horizontal supply area is present and ITC is running into it, crossing it and moving ahead will be a good signal.
ITC LONG W PATTERNIT IS MAKING W PATTERN WHICH IS BULLISH RESISTANCE IS GIVEN IF IT BREAKS TARGET 272 AND 293
NOTE: TRADE AT YOUR OWN RISK
ITC Trend Analysis & Trade Setup !!TREND ANALYSIS & TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
Appreciate via Liking and Commenting , which boost up my moral for More Post with perfect Entry Exit Target setup.
Wait for entry setup, if available then Long/short.
R:R is 4 to 6 times.
Direction for ITCITC chart is looks for a direction... Long position can be initiated after successful test of 246 level, with a stop loss of 234. Not sure whether this counter offers a decent trading oppurtunity for anyone. I took 3 trades and exited all of them with a loss. Can't get to my head around this stock...
ITC more upside Possible1. Broken the wedge pattern and retested on daily chart
2.Flag Pattern is formed on 4 Hour chart
3.Weekly chart has formed inside pin Bar which is sign of trend continuation
4.Risk Reward 1:2
Buy at 252-253 Stoploss 248 Target 265-270
ITC is looking ready for an upmove.ITC is taking support on a trending with a triangle.
Long Positions can be considered either around 253-4 or once it crosses the upper trend-line i.e. above 255, Target over 260.
251 (on day closing basis) should be the stop for long positions.
Logic is reversal from the lower trend line, support on CCI and trend-line support on RSI too.
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