Get started

ITC

Stock of the year at important junctionNSE:ITC after having a splendid run throughout the year is now at a very important junction. It is a fairly visible H&S (Head & Shoulder) in making but breakdown looks like snowball's chance in hell. Hence that means NSE:ITC can be a good reversal candidate but only after strong close above 456 level. That should lead NSE:ITC towards 500 and then further for new highs. Breakout above 456 may look for a inverted H&S or double bottom breakout. Things are difficult for equity market but the course of this war shall be decided in upcoming days when we will know the participating countries and fronts. One can add NSE:ITC at current levels if they have missed the rally throughout as it is holding on its levels, 432-430 shall act as stop loss. A closing below these levels shall trigger the breakdown of the above-mentioned H&S. We have 2 inside bars in last 4 candles which also indicate accumulation at current levels. It will be very exciting to see which way these positions move. If a breakdown takes place then NSE:ITC will move towards 415-420 levels otherwise this trending stock should remain the contender for more upside this year and further.
NSE:ITC
by Abhyuday01
1
ITC : Trend analysis, Daily chart Long or Short ITC, One of the ICON of Indian Stock market . It's one of the stocks which is performing exceptionally well in comparison to MNC's like Reliance, TCS etc. Even after the fall of 10% from the recent highs, the stock is still on undecisive on trend. As there are no strong supports till the price levels of 370 we can expect a another 2-3 months of consolidation till 410. Once if the 410 levels are broken we can buy at 370 levels which is a 25% from all time high. As a high standard stock we can expect another 5-10% fall and then to rise again to new highs irrespective of Indian market giants.
NSE:ITCShort
by tradeGambler
2
HDFCBANK Intraday Trade By RamajiTradeI hope you guys like my idea trade was simple program with Price action Price action describes the characteristics of a security’s price movements. This movement is often analyzed with respect to price changes in the recent past. In simple terms, price action trading is a technique that allows a trader to read the market and make subjective trading decisions based on recent and actual price movements, rather than relying solely on technical indicators.
NSE:HDFCBANK
by Ramajitrade
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.
NSE:ITC
by babutaaniket
5
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.
NSE:ITC
by johntradingwick
1
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.
NSE:HINDUNILVRLong
by vt_trader
2
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
NSE:ITCLong
by kunal_finner
4