Breakout in ITC...Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only.
ITC
ITC - 19th May 2022Stock facing Resistance 275-260 Levels
Failure to Close above this Level on Weekly Basis will help Bears push prices down to support area 220-200 levels
YR 2022 Idea #55: Long on ITC This is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. Our objective to help anyone who wants to learn technical analysis using charts by demonstrating my real trade entries. You can post your queries in comment section here and we will try to answer them asap.
Simple Trade Setup | ITC | 16/05/2022 [INTRADAY]NSE:ITC
Observations:
1) On 1day time frame, it has made morning start pattern.
Please refer below chart : 1day time frame.
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Trade Setup for 16-05-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Indian James Bond - ITC is back?Wave 1-2-3-4-5 is complete, ABC is also complete - Major wave 1-2 is completed
Next set of Major wave 1 in progress, in that minor wave (1)-(2) is completed, wave (3) in progress
so when this minor wave (1)-(5) crosses the reflex point - you can buy at retracement for next set wave 3
so, ITC is at huge buying set-up
ITC CHART Analysis Short ideaITC CHART Analysis Short idea
Head & shoulder pattern breakout and now Iy Retest
Simple Trade Setup | ITC | 09-05-2022 [INTRADAY]NSE:ITC
Observations:
1) On 1hr time frame, we can see it gave breakout of triangle pattern.
Please refer below chart : 1hr time frame.
2) On 1 day time frame, we can see it gave closing above the critical level of 265
Please refer below chart : 1day time frame.
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Trade Setup for 09-05-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | ITC | 04-05-2022 [INTRADAY]NSE:ITC
Observations:
1) On 1hr time frame, we can see formation of triangle pattern.
I have drawn resistance channel and support channel.
Please refer below chart : 1hr time frame.
2) On 1 day time frame, we can see 265 will be crucial level.
Please refer below chart : 1day time frame.
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Trade Setup for 04-05-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Good resistanceI see good resistance for short time
So watch if they break then chance to go up
Otherwise chance to go down
ITC Chart Analysis !!📈 ITC Ltd. 📉
My Findings :-
1. Breakout from Oct 2021 High and Closed with Strong Candle.
2. Although It’s Crowded trade but it came on my breakout radar so sharing it.
3. Risk to reward ratio is favourable.
4. Check Out My Long term Analysis too.
Bias- Long
Target- 307, 320, and 342
SL- 249
RR- 1: 4
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
Future of ITC All the Important technical levels are plotted on the chart along with the reasoning.
*It is not an investment advice
ITC --INTRADAY SETUP- 27/04/2022ITC --INTRADAY SETUP --15 MIN CHART
1. CUP & HANDLE formation breakout above 259 level cmp 258.95 Trend look bullish at breakout.
2. Trendline breakout also seen on 15 min chart
3. stock currently trading at upper channel low level possibly bounce to upper level as per channel
4. wave trend setup bullish formation to move upside
5. RSI at mid range 55 level
BUY ITC above 259 intraday
target 261-265
stop loss 255
&& THIS IDEA IS FOR EDUCATIONAL PURPOSE ** trade at own risk !
HAPPY TRADING. !!
ITC - May not be favourable for long nowRejections candles visible in the chart, check volume in abs number and (both highlighted in the box). My view is not to go long from here now. I will wait for followup candles.
ITC has given tringle BOITC has given Tringle BO on monthly chart. It can buy 249 add more if come 241-234 for the target 275 and 315 1-2 month view.
Trend Change ?This is Monthly Timeframe.
Finally ITC is showing some strength, sell-off started in July 2017 and
it fell more than 60% from it's all time high and made a bottom in March 2020.
And after that it started a retracement, but the retracement have crossed the 0.50 fibo level,
and now approaching the 0.60 fibo level,
that means it not a retracement anymore. It may be a trend change.
Last month it have formed a thick bullish engulfing candle with good volume.
It is showing strength in this month too.
There is now high probability that it may test 0.60 level, retrace, and then break it.
And that will be a confirmation of a trend reversal.
This post is for information purpose only.
ITC - The Rise....ITC the 'rising giant' is showing its heroic move with very
much similarity as the 'Puspha' character, who was misunderstood in the
movie as inefficient man and same here 'ITC' was assumed as slow mover but
now it has changed everyone mindset with a strong move.
ITC has formed rising three method pattern in daily charts after a breakout
which is a positive signal.
ITC has given a weekly breakout above 263 which was a strong resistance.
Both RSI and MACD supporting the up move .
Weekly RSI :-
Daily RSI :-
Though ITC is trading in a channel but it seems that this time it could
break the channel.
#Enjoy_trading
ITC WEEKLY ITC has given fresh breakout on weekly chart
Though it can consolidate b/w 240-260 little because this are is not tested but surely journey has been started.
#StockMarket #StockIdeas #StocktoWatch #StockToBuy #positionalITC
Good Investment Stock & now in news also.
Give Multi year trendline breakout and now trading at Resistance level
With recent movement in stock seems stock will be correct by 8-12pts
Buy in chunks at CMP and add more in every dips ( if comes to 250-255 levels )
Short term targets looks upto 280-285.
Also hold this stock in portfolio as a investment
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Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
Please Like & Follow
ITC's new journey?Chart -> Weekly setup of ITC
Cup and Handle breakout above 264 and weekly close above 5 years old bearish trendline. Looks like ITC is forgetting it's past and all the memes to start new journey.
CMP: 267
Targets: 360, 400
Stoploss: 210
Disclaimer: This is for educational purpose only. This is not any recommendations. I am not SEBI registered. Please consult your financial advisor before taking any action.
LONG ITCBUY ITC ABOVE 270
TARGETS 300, 320
ACCUMULATE ON ALL DIPS, NO SL
Disclaimer: All charts are for educational purpose. Please consult your financial advisor before investing.
#ITC: Bring 325 as soon as possible! #ITC
1. Inv. H&S Break Out on Weekly Time Frame well supported by RSI.
2. 245-260 is strong base and any dip towards these levels is buying opportunity. (Chances of dips are less though)
3. 325 is the minimum target. My personal target is 600+ in coming months.
4. Closing below 220 WCB is SL for this view.
5. Consult your financial advisor before investing. If you found worth it, Do Like, Share and Comment.
ITCNSE:ITC is a very cash rich company
after a long consolidation today it closes above 240 levels.
so, as per our analysis it's making inverted head and shoulder kind pattern
so, we can take a swing trade on this for the targets of 265
