ITC
ITC- SHORT positionITC after long support of 20DMA now closed a candle below 20DMA in the 1-day chart. On the lower side, we can see a trendline breakdown too and 50 DMA is our next TARGET.
Also, 10DMA crossed the 20DMA in the 1-day chart now we can trade for short up to lower support line.
The evening star candle was formed, showing a downtrend later on a Doji and a gap down confirmed the downward momentum of the stock.
ITC TOP Made?
ITC Seems to made top as per me.
NIFTY FMCG also showing sign of exhaustion
Expecting side ways move from 320 to 335 before fall
ITC ABOVE 240 SUPERMOVE UPTO 300 EXPECTINGBUY AT CMP 231
ADD MORE AT 214-222 RANGE AND RELAX
ABOVE 240 ON MONTHLY CLOSE EXPECTING SHARP UPSIDE 286,320.
BULLISH .
INVEST OR TRADE wisely.
WE CAN JUST PREDICT.
Disclaimer: I am not a SEBI registered advisor , so before entering on my view plz ask your SEBI Registered Advisor . Profit is your and loss is your.
BDL Good to trackNSE:BDL
Good to keep on the radar
Always respect SL & position sizing
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Trade Secrets By Pratik
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Disclaimer -
SEBI UNREGISTERED
This is our personal view and this analysis is only for educational purposes.
Please consult your advisor before investing or trading.
You are solely responsible for any decisions you take on basis of our research.
itc stock only for eduction preposedisclaimer only for education up trend is continuous till the second target
ITC Chapter 2 beginsLooks like this week ITC will close comfortably abhove its 2017 highs. Volumes are a bit low. September is the month to watcho out for. mutual fund buying is back and has been rerated by many fund houses.
ITC Volume DivergenceITC has been in good momentum since Apr,2021
However a clear volume divergence can be seen on the weekly chart. Showing signs of exhaustion on weekly chart.
Also Resistance at 337 on weekly chart
Will a correction happen in ITC at least now ?ITC broke the trend line with high volumes.
*It has been in uptrend without a proper correction for uite a long time.
For Intraday can short ITC @cmp:327 - 328 with a Stop loss of 332.
If the trade goes in our way Targets will be
*Exit half Quantity @1:1 Risk/Reward Target and Shift to SL to cost
*Exit Half of the remaining with 1:1.5 or 1:2 Risk/Reward (by looking at momentum) and trail the SL.
*Exit remaining with trailing Stop loss.
For Swing can short ITC @cmp:327 - 328 with a Stop loss of 335 (Fib extension resistance area).
Go LONG!#ITC
Whole world is now Bullish here...
It'll kill many hopes if it closes below 310 in September series. Needs a Monthly closing above 325. Whichever side it breaks, movement would be big!
ITC CHANNEL PATTERNITC formed ascending channel and currently resisting at the trend line.
itc alredy moved more then 23% even when the nifty is bearish.
so lets wait and see whether it is reversing or trend break again.
follow for more stocks.
ITC a target of 1000+ in coming yearsThis trendline has stayed intact all these years and judging by it, if ITC manages to take 368 out, it's heading for the sky.!!! I would take it long for a few years and expect a target of more than 1000.
ITC nearing two year high... and bullishITC nearing two year high...
Today ITC closed at 259.45, very close to the 2 year high price of 266.3.
The stock price looks bullish and any movement beyond 266 will take it to 282 for the initial target. Based on further action, the stock has probability to reach 310 once it crosses 282 with good volume and momentum.
Stop loss at 246.
RSI on weekly chart is strong.
Also check my previous analysis on ITC:
ITC Continues the rallyITC continues to look good and strong in this market. I would not be surprised if the stock doubles in the next 1 year. I would suggest that one can go long without much worry here. Keep a stop loss but enjoy the rally.
Weekly chart analysis of ITC Stock is at important Supply Zone.
For Upside rally stock has to close above 323 level and it has a potential to reach 400+ in coming weeks.
Now, 265-275 Price range is very important demand zone. 250 will be the next major Support.
240 will be the ideal SL.
We will update once the breakout is confirmed.
This is just a view not a recommendation to trade. Do your own analysis before making any trade.
Share your opinion in the comment section.
NSE:ITC
ITC strong uptrend target price 314 316ITC strong buying trend in day chart...with hight delivery percentage last 5 trading. so next target 314, 320,328.Time to go for long, get ready to catch the profit. This is knowledge sharing ideas only. If you want to invest consult with your advisor once . Thank you.
ITC chart analysis for swing trading ITC chart analysis for swing trading (15 min timeframe)
Entry & exits are given on chart.
only for learning, trade at your own risk.
ITC forms a symmetrical triangle patternThe stock is currently under consolidation and we can see a formation of symmetrical triangle pattern.
On the upside, 275 and 282 are important hurdles to cross before any significant upward momentum.
On the downside, I see strong support at 258.
Important to note that the stock has found support at or near the 50 day EMA at every downside.
FMCG sector weekly chart analysis with stock explanationRecently if we observe closely, FMCG Sector is outperforming & helping index to move higher and higher, where it contribute nearly 8% of Nifty 50.
In which ITC is having the highest weightage in the FMCG sector (nearly 30%) followed by HUL (24%), Nestle (7%) and Tata consumer (6%) respectively.
Adding to this VBL is outperforming like anything, compare to other stocks in this sector, VBL Chart was really great. which contribute 2.5% to the FMCG sector.
Britannia, Dabur, P&G & Colpal are the other important stocks in this sector.
Keep an eye on these stocks for the coming days.
As FMCG sector look very bullish & broke its 52 Weeks high and also 18 Oct 2021 weekly high in these recent weekly Chart. Which helped in forming double top pattern.
In coming days if the price closes above 42000 level comfortably , then we can expect further bullish movement which has a potential to reach 50000 range in upcoming days.
39000-40000 range must act as important support Level, if price is unable to sustain in the present level.
This is just overall view of FMCG sector. Not a recommendation to trade in any stocks, Do your own analysis before taking any trade.
NSE:CNXFMCG
NSE:ITC
NSE:HINDUNILVR
NSE:VBL
NSE:NESTLEIND
BSE:TATACONSUM
NSE:BRITANNIA
NSE:DABUR
NSE:PGHH
NSE:COLPAL
NSE:MARICO
ITC is at Life time high Resistance nowITC reaches at it's life time high resistance level, now will it face some resistance or profit booking here. Last time it falls up to 240 level in 2017.
ITC - MAJOR BREAKOUT EXPECTEDA daily time frame candle close above 265 may trigger a major breakout in the much awaited stock. Chart is self explanatory, drawn in log scale
#itc Trade setupNSE:ITC
Whoever holding this stock from lower level, then can keep stop loss at 238(closing basis)
whoever want to take trade they need to understand first current candle and that's DOJI if break low then it might take next support at 238 and if break high of current DOJI then it will activate this harmonic chart and long side target would be 299 on trailing basis.
ones ITC activate this pattern one can short ITC if find reversal.
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns .
📌 That Dash Line Is Called PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone).
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
