ITCHI, THIS ITC CHART STUDY IS ONLY FOR EDUCATIONAL PURPOSE. ITC FORMING C&H PATTERN AND ALSO H&S PATTERN...LET'S SEE IS THERE BREAKOUT OR NOT... NO BUY SELL RECOMONDATION
Itcindia
ITC ITC IN SUPPORT ZONE STOP LOSS NEAR 150 BULLISH TREND . always minimize your risk when stocks move in your favour . Thank You
ITC Ltd. Short term looking bullishAs ITC LTD. Chart showing some short covering and looks upside for next 5-7 trading days
ITC LTD. has taken good support @ 180 range
CMP @189.10
Upside View @ 206-210
Support or Stop range @180
5-7 Trading Days Expected.
{ALL MY VIEWS ARE ONLY FOR EDUCATIONAL PURPOSE.}
ITC SEEMS GOOD BUY ABOVE 190ITC has bounced exponencially from its support 180. Some big players may be absorbing all selling pressure. Keep watch at this counter.Good to go long above 190
ITC- a preparatory fall is coming soonKeep stop loss of 210 on closing basis and short the stock ITC for a target range of 180 & 160.
Sell 190PE , took pattern suport.Took pattern support, small retracements possible.
Should form higher highs & move to the top.
Buy ITCI hope you can now see how the ITC represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favour.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
TROUGH AND PEAK THEORY AT WORKIn accumulation zone, the security passes from weak and uninformed participants to strong, informed participants of the market. Clearly it could go higher in coming days if it breaks the 2 year old resistance line.
ITC trend chart for Monday 12th JulyNote: All charts are educational purposes only. Please do your analysis before go into trade.
ITC downfall is coming soon (rising wedge pattern)I have added all the details in the picture , please refer and let me know of any doubts.
ITC Earning season 25 May / Short trade @ 200 ITC in a breakout positon
Earning is on 25th may
1. 7%+ rally before earning season
2. divergence on money flow
3. resistance on 190-193 level (Technical analysis)
4. Resisitance as per option chain data is at 200.
Option chain data
Resistance strike 200 call - 33.5 lakh OI
Support at strike 180 put - 14.8 lakh oI
Bear looks more powerfull here.
Trade plan
Short
if stock price reaches 200 short SL 205 TGT1 190 TGT2 180
if stock price crosses 190 short SL 195 TGT1 180
Long
if stock price crosses 200 long SL 195 TGT
ITC - Double TopNote: This is for educational purpose only.
ITC looks bearish with double top formation. RSI below 50 indicates bearish momentum. Below 175, there will be further downside.
ITC price actions:Strong support 181.55 below, this price stock can slop up-to 174.30
If the price cross 186.35 to be in safe side stock can move up-to 192.70.
The stock moment is very slow.
In support line candle made a tail which shows price rejection.
A double curve has created and having a strong support level.
ITC SWING TRADE IDEAITC has given a breakout above 195 level and closed strongly on DCB.
On monday,if the index trend is up, we can expect a move towards 205 level this week.
Any correction in the price can bring it further down towards the upper line from where more quantities can be added upon price action confirmations.
All validations given as per setup :
Hourly chart :
Trade as per you RR.This is only an analysis and not a recommendation.
Happy Learning!
ITC Goes ShortHey! I am back and after a long time!
Ping me if u want to join in my channel and get free calls.
As said earlier in ITC, just followed our levels beautifully,and i told to go long, it gave awesome results,
Now what i feel is to sell from the rise,when? If it slips below 176.3, expect a very good fall.
So short below 176.3 for trgts 170, 165 and 160. Anything below 160 gives you 155 and 150 levels!
ITC case segment intraday levels for 21.04.2020Please Note : These are buy/sell level . these levels has to breakout in minimum 15 min candle ..
Reaching this level is not valid & Fake break out can be identified by RSI and other indicators
ITC Weekly 19 March 2020VSA concept in play
Volume rising
RS rising
Getting back to support zone or will it revert from the levels is wait and watch.
Accumulation can be done if one has strong conviction fundamentally for upside and revenue growth.
FOR Educational purpose only.
