ITC 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.
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....
ITC 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 (15 min timeframe) Entry & exits are given on chart. only for learning, trade at your own risk.
The 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.
Recently 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...
ITC 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.
A 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
NSE: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...
I'm new to smart money concepts but if a selling is seen in next 1-2 months,I see ITC falling to 135. What do you guys think? I'm wrong ?
Today I have covered the big buzz stock i.e. ITC. In this analysis I have covered ITC in weekly & monthly Time Frame & tried to explain the overall structure, till now, including the possible movement of ITC Long term & short term view . I hope you guys do like the analysis, if you are facing any doubt then please drop me comment I will try to explain further....
ITC bullish above 240 closing for tp 295-300 sl 198 on monthly cb Disclaimer: only for educational and learning purposes kindly consult your fa before any investment
ITC has been in the bull run for almost a month So I have planned a safe long trade for just 6 trading sessions 28JUL2022 280PE - ₹ 0.4 28JUL2022 255PE - ₹ 0.1 Max Profit-1.20% Margin required for 1 lot - ₹ 80234
sharing my ITC view - LONG position - eyes on target 305-310 disclaimer - for study purpose only
ITC : Imperial Tobacco Company ITC - This stock needs no introduction to investors community on fundamental side and stressful community on traders side Why this post ? There was a decent Rounding Bowl Formation near completion on weekly charts which i thought of sharing with my Trading View community. Some Analysis what i foresee going forward I am...
NSE:ITC shows strong buy indicated by PSAR, MACD & Fisher crossover followed by EMA & MA Crossover Target 2: 343.55 Target 1: 297.25 Stop Loss: 282.55 Disclaimer: The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our...
As you can see ITC formed leading diagonal in a monthly chart and gives a breakout upside. ITC completed it's 1st and 2nd wave and it's now in 3rd wave of monthly chart. The first Target of ITC will be 387 and second Target 417. We can see a very strong upside movement in ITC.
All the levels are marked on the chart. *Even if the price hits the stoploss can plan for reentry if RSI goes into overbought levels near the supply zone and with confirmationof any reversal pattern. Disclaimer: Only for educational purpose, not any kind of buy or sell suggestion.