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 : multiple support at Trendline
>> Rising from trendline
>> Good strength in stock
>> Delivery Percentage rising
>> Volumes building up
>> Perfect Swing trade candidate but it might test your patience.
Happy Trading !!!
NSE: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...
📈 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...
ITC 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...
According 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...
ITC 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...
Hi 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...
Note: 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₹
