ITC looks bullishITC looks bullish, can see W pattern (not strong one but it is aligned with trendline), can enter at 466 with SL at around 388 for the targets of 548 then 630.
--> do not invest more than 5 to 10% of your capital, do your own analysis before investing/trading so you can have confidence to stay in trade till targets.
This analysis is for only Educational purpose.
Itcbullish
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 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 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 : Bullish on the way to 300 - a simple price action analysisITC has displayed strength during the past few weeks.
The chart shows that there has been good accumulation of this stock from around 206 levels, and it has found good support levels at around 217 and 230.
Today, it breached the levels of 246 on its way up and closed at 249.75.
The candles denote good buying and the price is above all major moving averages of 21, 50, 100 and 200.
While remaining strong, the price might correct to 246 and 240, before again resuming its journey upwards.
I see it going up to 265 in the short term.
Personally, I am bullish and see it within the range of 300.
RSI and MACD indicators signal bullish sentiment.
Note: Not a buy or sell recommendation
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.
ITC ready for a bounceITC ready for a bounce after retesting is long-term support zone of 200.
Fundamentally good stock haven't participated in this market rally till now.
Stock on the verge of breakout of trendline.
FMGC sector diversified business model.
Trigger News
ITC files Rs 100 cr defamation suit against portfolio manager Manu Rishi Gupta for blog post
buying for the targets of 20% in 2-3% time frame for safe players SL is 196.50
Disclaimer: Chart, data and levels for study purpose only. I am not a financial advisor. Use your intelligence before investing.
ITC is just getting ready to go UP || GOLDEN ZONE FIBHi guys, as visible in the chart.
When ITC fell in Mar 2020 and later retraced to the 0.5 - 0.6 fib levels and after plotting a chart similar for the current levels we can see that the stock is hovering around the next 0.5-0.6 fib levels which makes it a high probability to shoot up in the near future and make another move of 37% anytime soon.
Keep accumulating and wait for another move.
FYI : I am personally invested within an average range of 195 / share.
ITC - Bullish BreakoutNote: This is for educational purpose only. Please do not trade in F&O based on this.
There seems to be a bullish breakout with high volume. There seems to be similar breakout in RSI as well. Volumes have increased as well. RSI above 65 indicates bullish momentum.
You can buy 50% now and rest in dips until 221₹ - 219₹.
My SL is: 212₹