intradayBoth side potential
take trade on box breakout
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
if the breakout comes after 10:00 am then the probability of winning will be more.
follow risk management
do your own analysis
do workout
do meditation
start reading books
ITC
intraday / consolidating in a RangeBoth side potential
wait for 15 min candle closing outside of box
Targets:- for upside use pivot points indicator
for downside 374 will be the target
if the breakout comes after 10:00 am then the probability of winning will be more.
follow risk management
do your own analysis
do workout
do meditation
start reading books
ITC breaking long term resistance?ITC breaking long term resistance?
ITC on the the Monthly chart is at a long term resistance levels of 380?
Greenline from the chart is the long term resistance levels. Had broken once but didn't sustained in past.
If moves above decisively then will be in blue sky zone.
No recommendation, just my view.
Contra Bet on ITC. Will it work?NSE:ITC
I have a detailed analysis on this stock and also know that many investors are frustrated holding this script. It is also clear that demerger is not happening anytime soon so we do not have a comfort for value unlocking from this parameter. But in a contra bet, script has a strong Fundamentals. According to the chart patterns, stock is trading at the lower range of bollinger band. This provides an opportunity to Buy at lower edge (Not trying to fish the bottom). Medium term trend suggests a direct hit of Rs.275 in 3 months. Fundamentals suggest risk reward ratios are favourable at current levels.
The idea shared is only for educational purpose.
ITC In minor trend resistance ITC In minor trend resistance and form triangular pattern if it break upside next resistance is 339 and second resistance is 346 if it break down its immediate support is 325 and i believe it break up side because it is in 3rd swing and Bullish engulfing candle is formed
ITC - DAY CHART - 07.12.2022 - BAHAVAN CAPITALITC as per Day Chart Analysis Stock ABOVE 345 TARGET 348.
Today 07.12.2022 Again FII Net selling continue to 1241.87 Cr and DII Net Buying at 388.85 Cr.
There is a Possibility for Nifty to touch 18425 Level. So lets wait and watch...
Happy Profitable Trading to All...