Itcindia
ITC A Money MachineHello Traders,
Sabka Pyaara Sabka Chahita Apne ITC se nazar mat hatana,
Keep an eye on the Mini bull, Sector is performing well & the Leader is Just near Breakout zone 510.
Monthly RSI > 60
WEEKLY RSI > 60
& Daily is Taking rest at 60 zone.
Can Give the Big Targets in coming Months.
Education Purpose Only
Thank You
Prince
ITC IS GOING TO HIT 500!!!Once share break the green line and it gives positive signal to enter for long term target 500 but 392 is near support too. If by chance it breaks then near term short position will be chosen.
My 1st Target is 427
2nd Target is 450
Since volume is increasing day to day and it is near to support and moreover, reason for downward is BAT going to reduce its stake. I doing to think it will happen at this level. So chances of upward is more as compare to downward.
Long Trade in ITCITC is currently trading at support zone of 400-410 levels & It is consolidating here since 5-7 days.
I am seeing a trading opportunity here.
I am taking long position in ITC march futures at CMP 407.
I will add more position if 402-404 comes.
My stoploss would be 397.
Target would be 425.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purpose. Thanks!
ITCAfter huge return in short term people are looking forward to know the next move...
ITC is going to announce its Q2 numbers today.... So here, is the chart of ITC if it break and close above the resistance line, there is upside move possible or if it breaks the trendline and close below it then we can see the a temporary downside....
ITC : Trend analysis, Daily chart Long or Short ITC, One of the ICON of Indian Stock market . It's one of the stocks which is performing exceptionally well in comparison to MNC's like Reliance, TCS etc.
Even after the fall of 10% from the recent highs, the stock is still on undecisive on trend. As there are no strong supports till the price levels of 370 we can expect a another 2-3 months of consolidation till 410. Once if the 410 levels are broken we can buy at 370 levels which is a 25% from all time high. As a high standard stock we can expect another 5-10% fall and then to rise again to new highs irrespective of Indian market giants.
ITC 🚨 Is the top in? No one knows.
Before making any decisions, carefully examine the chart, observe and analyze the price action, and identify your points of interest.
While the chart may look ugly for breakout traders and momentum catchers, a dip towards lower levels presents a potential opportunity for investors.
The key lies in understanding your trading style, time horizon, and expectations. What might seem expensive for one trader could be a bargain for another. It's all about finding the right fit for yourself.
Disclaimer : This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
ITC to DIVE TILL 350 below 384 closingNSE:ITC ITC has been sideways at the highs of life time and is showing negative signs of sharp down fall set up if it comes down and breaks the range support of 378/369,
below 369we can seen a sharp fall to 350 step by step with only 1 pause/support zone n middle at 363/361.
IF ITC BREAKS RANGE HIGHS/RESISTANCE OF 394 and gives closing and opens new candle above it, then and then only it can carry on the uptrend.
Stong Stock ITCItc is fundamentally strong stock that is giving breakout in daily timeframe
Stock is tradingbabove 20 50 200 ema respectively you can buy it with stop loss of below 50 ema
Target 500 for 6 month time span its not a recommendation it's my own study please do your analysis first
As you see it's currently trading above cpr it can move to resistance 1 and 2 respectively
Stock is Clearly in uptrend it's can seen by moving averages and cpr
Here is result of this stoc
ITC Q2 : ST NET PROFIT UP 21 % AT 4460 CR (YOY) , UP 7 % (QOQ)
REVENUE UP 27 % AT 16130 CR (YOY), DOWN 6 % (QOQ)
EBITDA UP 27 % AT 5864 CR (YOY), UP 4 % (QOQ)
MARGINS AT 36.35 % V 36.3 % (YOY), 32.7 % (QOQ)
#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.