Good buying opportunity in NSE:ITC .
1. MACD crossover to go up.
2. FMCG sector showing bullish momentum.
3. Showing above average volume.
4. Inflation rate has increased in October.
ENTRY : Buy above 242
SL : 230 (Closing basis)
TARGET : 250/265/280/300
NOTE :This post is just for educational purpose. Do consult with your financial advisor before taking any...
ITC Broke out after many years hahaha ...... NSE:ITC . I have mentioned in the above chart with targets and stop loss.
Trade safely... This is only my idea... Share your thoughts guyss... Have a good day....
ITC was just consolidating for or a long time. There is nothing wrong in the fundamentals of ITC so I think you can hold it for long term also. And Today it gave a good breakout with volume, I Think now we can think of levels of 300 in the future too. As ITC is demerger will make this stock rocket and now's the time to book your ride. I can give more...
I really feel this is time to Invest in ITC. For a long while ITC has been a laggard for those who have Invested.
But I really feel the its time to Invest once the triangle pattern breaksout.
Reason:
1. Good accumulation so far
2. Presently at a support zone
3. Fundamentally good (Everybody knows)
4. Good dividend yield
Note: This view is based on a mix of...
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...
Tested crucial level.
Be part of this investor dividend stock
📍 After crossover of MA 20 & MA200 upside breakout is expected.
📍 Reversal from bottom chord of rising channel
📍 Descending triangle formation
Will take a good move from here.
Take trade as per the values given in Fibonacci. always trail the stop loss. do your own analysis before taking...
You can enter once the resistance is broken and hold it for the same height of the triangle pattern target.
FYI : I am invested at current levels of 200.
This is purely for investment purpose. I have assessed the ITC Ltd fundamentals, segment reports, past financial performance and expected future growth.
Stay invested till you hit the target.
Disclaimer: We are not Sebi registered investment advisors. This video is only meant for education purpose and nothing constitutes as an investment advice.
ITC Futures
I am unable to understand the reason why is ITC Futures underperforming because there are so many bullish signs in the charts.
1. The candles in the daily charts have made a patter called triple bottom which means that ITC Futures are supposed to fly but there is a resistance at 212 levels.Next resistance can be seen at 216.10 but the pattern means...
ITC futures have turned 203 levels into a very strong support zone. We have heard about double and triple bottom which are strong bullish patterns but look at this, the candles taking support for 4 times and this makes me wonder how much strength has ITC Futures gathered now?
Can buy (lot is 3700 shares so please calculate risk) at CMP which is around 209.75 with...
NSE:ITC
as today was result so be careful in this trade if find reversal or support from given PRZ levels then only long this stock. Learn Apply Grow
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not...
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₹
