IF LOWEST TREND LINE IS BROKEN ON CLOSING BASIS TARGET IS 222.45
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.
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...
ITC 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...
IT 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
Already 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.
Multiple 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.
AS 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
Dear 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 Please Like Comment & Share for more people would get rewarded.
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.
IT IS MAKING W PATTERN WHICH IS BULLISH RESISTANCE IS GIVEN IF IT BREAKS TARGET 272 AND 293 NOTE: TRADE AT YOUR OWN RISK
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...
ITC 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...
1. 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 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. Please...
Hare Krishna ! The post is to give my personal bias on the stock movement for the coming week. The stocks have gone through a thorough filtration The post gives one of the most important needs of a trader ie- the "Direction" . One can buy or sell based on his or her own strategy/use my method. For more info on my method you can send me a message. Good...