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Itcanalysis

ITC Ltd - Breakout OpportunityDate : 18-Jul-2024 LTP : Rs. 470.25 Targets: (1) Rs. 481 --> (2) Rs. 499 --> (3) Rs. 532 SL : Rs. 433 on daily close basis Technical View: • NSE:ITC was going through primary downtrend since Jul-2023. • After touching the high of 481.45 on 4-Jan-2024, it has retraced 17% to 399.4 level and it has retraced 20% since Jul-2023. • On 15-Jul-2024, NSE:ITC has broke out from its primary down trend with higher volume. • NSE:ITC is trading above 20 DMA, 50 DMA and 21 DEMA. • RSI is trading at 78.79 and MACD is trading at 9.64. Indicating bullish momentum. • Looking strong to start an uptrend. Disclaimer : I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. My ideas are published for learning purpose only and are available to everyone at no cost/charge.
NSE:ITCLong
by vicky252
ITC India - Here we go again4th base taken out. This is a relentless rally in ITC - now the top performing Nifty 50 stock by a long margin. It reminds me a lot of TESLA in 2020 - is ITC the TESLA of India? Mutual Funds are buying the dip - they know this stock is the top performer and want in We have made 4 bases since the rally started at 300+ in 1 year. Thats unique. Usually the 4th base fails Institutional ownership has increased and the stock has touched the 21 EMA only a few times in 12 months. 50 EMA - hasnt even come close Buying back in at 480 now - lets see how long this party lasts. If it pops below 21 EMA on volumes - am out! Disclaimer - Trading stocks is risky (F&O is even riskier). 95% of traders as per SEBI statistics lose money - with 60% losing most of their capital in 12 months. So, the odds are stacked against anyone trying to make a living in the markets. All the ideas here for education & analysis only. Please do your own research before risking your capital.
NSE:ITCLong
by kunal_finner
1
ITC India - 4 Reasons to be a bit nervous right now at 445Although I am still bullish on ITC, there are some warning signs that anyone long / anticipating needs to be looking for and this may save you a lot of money if the stock does reverse from a test of 450+ - volumes have dried up recently indicating that there is not much supply at 450 (which is good) Stretched on the monthly / weekly momentum - although still positive, it is definitely on its last legs (unlike new breakouts like Indigo, Bharti etc) The base is being built - but might still need 1-2 weeks (previous bases took 2 months) Volatility is compressed and this is a positive. It touched 452 in this consolidation and also made a tail down to 430 - which is very normal If the relative strength goes down (compared to nifty) or if it cuts 440 on volumes, then cut off the trade. Bottomline - Stay long and hope for a clearance of 455 very soon - on good volumes that too. Otherwise be ready to cut this loose if it reverses sharply from here on volumes.
NSE:ITC
by kunal_finner
6
ITC - Ichimoku Bullish Breakout Stock Name - Itc Limited Ichimoku Cloud Setup : 1). Today's close is above the Conversion Line 2). Future Kumo is Turning Bullish 3). Chikou span is slanting upwards All these parameters are showing bullishness at Current Market Price and more bullishness AFTER crossing 409 #This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market. # Cloud Trading # Ichimoku Cloud # Ichimoku Followers I hope you all like my analysis. Please do share your thoughts into comment section. Please give a like, share & subscribe for daily analysis.
NSE:ITCLong
by nikunjbhadja