ITC STOCK for Monday 03/10/2022 If stock open in the range of consolidation, then please prefer to book profit at top of the consolidation or bottom of the consolidation, you can book your 50% profit at this level and if you see volume hike at this level or momentum you can wait for next target. Please book your loss at stop loss level. Save your precious MONEY...
ITC 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...
BUY 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.
NSE: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...
Looks 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 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
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...
#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 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.
This 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...
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...
