Itcanalysis
#itc Trade setupNSE: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 basis.
ones ITC activate this pattern one can short ITC if find reversal.
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns .
📌 That Dash Line Is Called PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone).
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
ITC breakout with volume and Elliot wave countsThis stock has been under performer most of times, but now the way chart is formed is a good sign for bulls, now it may do out perform against market also.
On daily time frame it has given good breakout along with good intensity of volumes, also trend indicators and oscillators are in favor to go long, Overall wave structure is also suggesting same bias as a bullish views.
Some highlights are shared below as a snapshots.
Breakout with good intensity of volume on daily chart
Wave counts and all the key levels are mentioned on chart, along with stoploss and targets.
MACD in weekly positive above zero line
MACD in daily positive, uptick and above zero line
RSI breakout on daily along with uptick above 60 & 70 levels
RK's mass psychological cloud and RK's stop line both are suggesting to go long
Price is above upper Bollinger band in daily chart, good momentum can be seen ahead
DMI and ADX in daily chart both are in favor to go long, both are positive
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Target 2 achieved in ITC | 8.65% mover This idea is a follow-up to ITC
You can check the Link to Related Ideas
Disclaimer: The information provided is for educational purposes only. Our intention is not to provide any financial advice, don't take any decision without consulting your financial advisor.
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.
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.
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.
#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.
ITC Analysis !! Broke Out📈 ITC Ltd. 📉
This broke out from a Resistance Zone of 234-240 after testing 3 times. ITC on a larger chart forming a triangle pattern which won’t be visible in this chart but I can share on demand.
On Buy Side I am looking for Targets of 260-264.
StopLoss should be kept below 230-232zone.
It offers 1:3 Risk To Reward.
ITC on a larger chart forming a triangle pattern which won’t be visible in this chart but I can share on demand.
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.
ITC long monthly time frame Itc breakout in monthly timeframe.
This is triangle pattern breakout, one can keep their stop loss @200 and target @360
so this trade is 1:2 risk reward .
Volume is also good , rsi also giving buy signal same as 2017.
This is only for educational purpose not a financial advice.
#ITC at resistance now NSE:ITC
After giving great up move now stock at resistance.
First given good long from harmonic level now find the opportunity for short or profit booking at harmonic resistance.
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns.
📌 That Dash Line Is Called PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone).
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
ITC CAN MAKE A RUN FOR 2501.ITC has given a breakout of it's parallel channel.
2.Double bottom breakout confirmed.
3.Howering above 200 ma.
4.RSI is bullish.
5.Above 33.2% fib level.
Buy above - 229
Targets mentioned in the chart above.
Please LIKE, COMMENT and SHARE to motivate and support me. I'll keep on posting new ideas on Indices & Stocks. Be sure to follow so that you don't miss any good trades that might have been rewarding.
Any comments and critiques will be appreciated even if it's of opposite view as a trader can also be right so many times.
ITC CAN BE IN LIMELIGHT AGAIN! :-)1. Sustaining and Closing above 227 is highly positive.
2. RSI trying to Break Out.
3. 208-209 is strong support and should be SL for mid term.
4. Previous swing highs should be Targets: 238/245/265+
5. ITC is a slow mover. Better Trade in CASH or FUT than Options.
6. Consult your financial adviser before entering any Trades. Views shared here for education purpose. Thank You!
7. If you're reading this, comment below the Pattern name.
ITC Looks BullishAccording to trend and trend line, ITC looks bullish on chart. Anyone can initiate buy above 229 with stop-loss of 219 for long term as well as intraday. Intraday stop-loss should be 225.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Long ITC....High Probability SetupITC
Cmp - 220
Stop - Nil, add on relevant dips
Expectation -
T1 - 235
T2 - 260, Review at 260
Expected Holding Period - 3 months or earlier for T1, 5 months or earlier for T2
View:- Swing/Investment
Disclaimer:-
Not a SEBI registered advisor
Ideas being shared only for educational purpose
Please do your own research or consult your financial advisor before investing
ITC is traded in Channel for longITC is being traded in a channel since last one and half year. Recently, It has touched lower line of cannel.
Bullish View :
Currently it touched lower line of the channel
Currently it is traded in support zone
It is taking support of 200 SMA on daily chart
]Point of worry :
200 SMA on weekly chart is resisting upward movement
Touched support line with increasing volume
It has possibility to breakdown. If it breaks its support, it may fall till 200
Trading Suggestions:
Long:
Entry : Wait for reversal pattern and take entry above confirmation candle on daily chart
Stop Loss : Below nearest swing low
Target : T1- 238, T2- 245, T3- 262
Note: Wait for reversal pattern. If it confirms, then and only then take trade.
Disclaimer: I am also a learner. It is my view. Please analyze it yourself before you initiate the trade.