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ITC

Long Trade in ITCITC is currently trading at support zone of 400-410 levels & It is consolidating here since 5-7 days. I am seeing a trading opportunity here. I am taking long position in ITC march futures at CMP 407. I will add more position if 402-404 comes. My stoploss would be 397. Target would be 425. Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purpose. Thanks!
NSE:ITCLong
by akshit_official
17
08 Feb ’24 — Nifty Disappoints, stance reversed to neutral ➡️➡️Nifty Analysis - Stance Neutral ➡️ Recap from yesterday: “Our stance for tomorrow is bullish and since these are all games of probabilities we reserve the right to be wrong as would like to keep the 21826 area as a good stop loss.” 4mts chart Just when we thought things were swinging in our favor, Nifty took a U-turn and is now back in neutral territory. “Disappointing” is not the right word to define today’s price action, after all the markets did what it felt right. Our analysis and positioning are what took the toll today. I ended up booking the highest intraday loss ever since I started trading. To give you a backdrop, we were long overnight and the set-up looked pretty bullish for us. Although we cut losses once the 21826 magic level got hit, our MTM was too deep in the RED for any sort of recovery. Nifty fell a total of 346 points in the intraday trade today. The support level of 21913 was taken out with so much force (depth of the RED candle) that it felt like kissing goodbyes to this level. The culprit was BankNifty, after the RBI MPC meeting today, despite no major policy decisions - banks started falling, pulling the other stocks along with it. One thing that stood out in the discussion today was the instruction to include the loan processing fees, and other charges to the interest component so that the end customer knows the exact rate he is paying. Why would the bigger banks get spooked by that? Other stocks like NESTLE and ITC were looking weak even before the Governor’s speech. 63mts chart Between the last expiry and today, Nifty has gained only 70pts ~ 0.32%. The gains would have been sizeable and meaningful if not for the rout today. After today’s episode, we drew the double top pattern (M pattern). Since the support level of 21913 is breached, we hope that this pattern holds. Nifty is by no means bearish, unlike BankNifty which slipped into the RED today. If BN continues the southward journey tomorrow, most likely N50 will have to follow suit.
NSE:NIFTY
by viswaram
30 Jan ’24 — Nifty Gets a Downgrade after yesterday's upgradeNifty Analysis - Stance Neutral ➡️ Recap from yesterday: “We are changing our stance from neutral to bullish as we had all 6 green candles today. Ideally, the stance change should come only after the 21913 resistance breach — but we are taking a bit of risk here. The pattern played out to be a W (double bottom). We would now look for bullish opportunities and the first target would be 21913. The global macros are not looking good with the war in the Middle East, news from Taiwan, and news from N Korea. Hope our markets will give a strong clue in case the situations escalate.” 4mts chart It is too early to say if the move today was due to the News impact that said “The US would give a fitting reply to the actions of Iran”. For us, it looked like a technical cool-off. We made the mistake of upgrading Nifty from neutral to bullish yesterday despite getting all 6 green candles. Today, we lost in a similar fashion 5 out of 6 63mts candles in RED. Most importantly we are back at the support level of 21491 where Nifty paused. Interestingly BankNifty did not fall that much, and neither did the NiftyIT - the pain was mostly for RELIANCE, Bajaj Finance, Titan, and ITC. 63mts chart We are back at square 1, the same support/resistance level of 21491 which we hit on 15th Dec 2023. In the last 1.5 months - we have gone nowhere. Seems like the Foreign Institutional Investors and DIIs took us for a roller coaster ride - and most of the retail traders are throwing up after the ride. After the meltdown today, we are changing the stance from bullish to neutral. Gap-down open is the best way to take out the support. If we break the next target to watch out for will be 21292 followed by 21199.
NSE:NIFTY
by viswaram
ITC | Swing Trade📊 DETAILS Sector: Diversified Mkt Cap: 570,260 cr Established in 1910, ITC is the largest cigarette manufacturer and seller in the country. ITC operates in five business segments at present — FMCG Cigarettes, FMCG Others, Hotels, Paperboards, Paper and Packaging, and Agri Business. TTM PE : 28.25 (High PE) Sector PE : 30.10 Beta : 0.63 📚 INSIGHTS Strong Performer Stock with good financial performance alongside good to expensive valuation, but lacks price momentum as suggested by technical indicators 8.53% away from 52 week high Underperformer - ITC up by 4.41% v/s NIFTY 50 up by 9.4% in last 1 month 📈 FINANCIALS Piotroski Score of 7/9 indicates Strong Financials Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst. If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you. 🔍 More Analysis & Trade Setups 🔍 For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
NSE:ITCLong
by Munish_Jain
ITC Ltd. - Double Break Out TradeDate : 11-Oct-2023 Rating : Buy LTP : Rs. 448.25 Target: (1) Rs. 455, --> (2) Rs. 480, --> (3) Rs. 500 SL : Rs. 433 Exit Plan : Follow the 7D/13D EMA cross down on closing basis. NSE:ITC has given double break outs. From its current short term down trend and from double bottom pattern. Have closed above 20D MA. EMA, MACD and RSI giving bullish sign with RSI giving positive divergence. Disclaimer : I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market.
NSE:ITCLong
by vikrant_252
6
Nifty FMCGList of stocks in Nifty FMCG Britannia Industries Ltd Colgate Palmolive Ltd Dabur India Ltd Emami Ltd Godrej Consumer Products Ltd Hindustan Unilever Ltd Itc Ltd Jubilant Foodworks Ltd Marico Ltd Nestle India Ltd Procter Gamble Health Ltd Tata Consumer Products Ltd United Breweries Ltd United Spirits Ltd Varun Beverages Ltd Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst. If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you. 🔍 More Analysis & Trade Setups 🔍 For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
NSE:CNXFMCGLong
by Munish_Jain
2
#Largecaps #HRITIK stocks Over last few weeks, there had been too many posts on SM which were shared about some of the large cap names which have provided zero return over last "x" many months. That intrigued me to understand the concept of timewise correction. The composite chart of major large cap of Nifty or as they say HRITIK (+few others) stocks suggest that they have gone through similar timewise correction cycle of of almost 26 weeks where they had provided zero return in back in 2015 to 2017 and from there on the did rallied significantly about 40-50% before showing any sign of major price correction. The current pattern from 2021 to 2023 is also very similar to what happened back then, and the current weekly closing suggest a big breakout on weekly charts, Will these stock show similar move as they did back in past is only time can tell us but as they say history always repeats itself and also as someone said " Elephants, large caps, take their own time. And, when they move, only astonishment is left .", So may be time is right for them to start leading the Indian Market The composite chart contain below stocks in it. HDFCBANK RELIANCE ICICIBANK TCS INFY KOTAKBANK ITC AXISBANK SBIN
NSE:HDFCBANKLong
by aktradelearning
1
Mazdock Ship - Swing trade ideaStock name: Mazdock ship and current market price is 2114.6 This stock has broken out of symmetrical triangle and 2 months high resistance taking support from 50 EMA. Current view is bullish with expected swing trading target around 10-12% and is very decent target for swing trading. Sharing new stocks analysis for swing trading which I feel as per my analysis, has the potential to make a good momentum based swing trade. Stay disciplined in swing trading. Emotions can cloud judgment. Stick to your plan and keep emotions in check for consistent success. 📈💪🚀 🔍 Remember, always perform your due diligence and analysis. This post isn't a buy or sell recommendation, but rather an educational insight into the world of technical analysis. We're not SEBI registered advisors and won't be held liable for any profits or losses.
NSE:MAZDOCKLong
by warrenwaytrading
When to sell_ ITCNamaste! I have been tracking ITC for quite some time. Now, I see an upcoming bearish momentum in the coming weeks. Q: Why am I saying this? A: Well, all time high of ITC was Rs 367.70. It broke it's multiyear lows (of Rs 178.65) on 09 March 2020. So, it can be a long term pattern of "lower lows and lower highs". This price can be the next lower highs. Profit booking will definitely come at this prices, because there will be many investors who will be exiting "before Rs 367.7 prices". And Nifty did not break Apr 2022 swing highs, it is indicating an upcoming bearish momentum. Q: When and at what price should I exit? A: You can place a sell stop order at Rs 329.60, so you lock in your profits. I would suggest positional traders to do this. I repeat, prices must break those levels, so your order gets triggered and you exit. For investors, they can consider booking/exiting at such prices as well. And they can consider buying it back at Rs 281 levels. I am not right 100% of the time, so only apply this when my points seem logical to you. Disclaimer: The analysis I have shared is based on my understanding and experience in the markets. Prices may or may not reach mentioned levels, resulting in opportunity loss. Please do your analysis and/or consult your financial advisor before applying anything.
NSE:ITC
by UnknownUnicorn7637383
15
Positional_ ITC1. ITC can breakout from current range. 2. Higher Lows indicating a buying pressure. 3. Shrinking "price-range" is indication of momentum. 4. We can expect two targets of 226 and 237. 5. Upcoming result looks matter of caution. 6. SL and Entry will be decided afterwards. Disclaimer: The views expressed in this article is of my own, you're solely responsible for any decision taken in the markets resulting in financial gains or losses. The analysis I've shared is just for informational and educational purposes only.
NSE:ITCLong
by UnknownUnicorn7637383
4
Investment_ ITCTrading and investing are completely different in nature. In trading, we don't care about the prices whether it's fair or not. We buy high and sell even higher. But in investing, we should only buy a stock near its intrinsic value. No matter if everyone is making money except us. But, price which is justified by fundamentals are sustainable and proved sustainable historically. "Intrinsic value is upgraded or declined based on fundamental changes. I amend my intrinsic value every year based on the growth of the company." So here I am with a stock named ITC. According to my method of calculating intrinsic value, it is worth around ₹300 a share. I will start accumulating shares, near Rs 180 levels (strong weekly support). Well, this will not happen overnight. It may take several months. Some questions answered:- Q: If it is a fundamentally good company, why the price is not moving up? Does the market doesn’t know anything? A: Nope. Market knows everything. But, the market generally moves in a direction of “what is expected and what is unexpected”. Q: So, what’s expected in ITC? A: Well, it’s a good company, good cashflow, no debt, professionally managed company, etc. When the company performs “as expected”, why should its price move in either direction? Price only moves when unexpected things happen. Q: Should the people sell the shares who has already bought and invested in it, so that they can buy at a lesser price? A: Nope. Absolutely not. Investment is not a buy-sell game. It must have long-term view (5 years, 10 years, etc.). Q: Then what's the solution? A: Add more shares. Yes. As long as the company is fundamentally strong, buying at dip or discount is best for investing perspective. And this company is giving dividend of Rs 5 approx every year. That translates into at least 2.5 % every year if the current price taken into consideration. Disclaimer: The views expressed in this article is of my own, you're solely responsible for any decision taken in the markets. The analysis I've shared is just for informational and educational purposes only.
NSE:ITCLong
by UnknownUnicorn7637383
26th Oct ’23 - Nifty hits the jackpot of 18880 - PostMortemNifty Weekly Expiry Analysis Nifty fell a whopping 765pts ~ 3.90% between the last expiry and today. Most importantly it has retraced all its gains from 28th June to close below 18880. We will cover why that is relevant below, but this fall of 4% signals a reversal in trend. Even though VIX is still below 12%, it is showing a tendency to spike, reassuring the bearish sentiment. Nifty Today’s Analysis Recap from yesterday: “On the daily timeframe, the next possible candle that should appear should have its low touching the 18880 level (best case). If Nifty manages to pull this out, it will be an awesome November and December month getting lined up for the Bears. Since Nifty went up from 18880 to 19310 as 3 white soldiers, the return should be nothing less than 3 black crows.” Nifty50 was quite benevolent today, we set a target of 18880 and Nifty hit that by 10.55. That’s a first - 99 out of 100 days the strategy we set for days like these ends up worthless. A day like today will ensure that 1 day is good enough for the options to go deep in the money. We had a gap down open of -86pts ~ 0.45% and from there we fell another 193pts ~ 1.02%. The final close was at 18857. The chart may not paint the severity of the move since its on a logarithmic scale - but trust me, the pain was much more. Except for AXIS, ITC and HCLTECH - the cuts were pretty steep for everything else. On the 1hr chart, the intensity of the first candle is quite obvious. We took out 211 ~1.11% in the first hour itself. The remainder of the day was more or less sideways with a slight bearish intent. On the daily TF, notice the orange color encircled regions. You can quickly relate what 3 white soldiers and 3 black crows are. Today’s closing ensures we retouched the new ATH set on 01 Dec 2022 & 19 Jun 2023. Further price action should be interesting as the global macros keep on deteriorating. For tomorrow, I wish to maintain my bearish stance and expect Nifty to trade between 18880 and 18762. If we break 18762, my next target would be 18597.
NSE:NIFTYShort
by viswaram