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Itclimited

ITC – Sell on Rise | Major Support Zone Ahead📉 ITC – Sell on Rise | Major Support Zone Ahead Stock: ITC Ltd Timeframe: Daily Trend: Bearish (Short-term) 🔍 Technical Analysis ITC has decisively broken all major support levels, indicating a clear shift in market structure from sideways to bearish. The recent breakdown is accompanied by weak price action, suggesting sellers are in control on rallies. Post breakdown, the stock is now below key moving averages and struggling to reclaim lost support zones, confirming a sell-on-rise structure. 🔻 Trend Structure Breakdown of multiple supports Lower highs formation on daily timeframe Pullbacks likely to face selling pressure 🔻 Volume Behavior Breakdown occurred with expanding volumes Indicates distribution, not panic selling Any bounce without volume likely to fail 🟢 Strong Buy Support Zone (High Probability Demand Area) 📍 ₹280 – ₹295 zone This zone is technically important due to: Fibonacci 0.50 retracement level Anchored VWAP support Prior price acceptance area This zone is expected to act as a strong demand zone where buyers may attempt a reversal or consolidation. 🧠 Trading Plan 🔹 Sell on Rise Look for rejection signals near broken supports Avoid fresh longs above resistance until structure improves 🔹 Buy Only at Support Aggressive longs only if strong price reaction is seen in ₹280–₹295 zone Look for: Bullish reversal candle Volume expansion on bounce Failure of price to sustain below VWAP ⚠️ Risk Management Avoid positional longs until price reclaims key resistances Keep strict stop loss below support zone if attempting counter-trend longs This is a zone-based trade, not blind buying 📌 Conclusion ITC remains bearish in the short term and is best approached with a sell-on-rise strategy. A meaningful buying opportunity may emerge only near the ₹280–₹295 strong support zone, supported by Fibonacci 0.50 and Anchored VWAP confluence. 📉 Trade the trend. Respect levels. Manage risk.
NSE:ITCShort
by Chart_Code
Heads Up! ITC Looks Ready to FlyAfter a steady decline from its highs, ITC has made a strong comeback, bouncing perfectly off its trendline support. And now—it’s broken past its trendline resistance! 📈 This breakout could be the start of a new bullish wave, with momentum likely to carry the stock higher in the sessions ahead. 💰 Dividend Alert: ITC has announced a final dividend of ₹7.85 per share, with the ex-date on 28th May. This is the highest dividend declared by ITC in the last 5 years. That could bring some serious action in the next couple of trading days. 🎯 All eyes on ITC—this might just be the breakout we’ve been waiting for!
NSE:ITCLong
by GoodluckCapital
12
Angel One Weekly - Already correcting for a longer down targetAngel One Weekly - Already correcting for a longer down target Angel one has been correcting from Jan 24 till today, correcting nearly 1850 . During last 58 weeks, it has corrected nearly 1850 points, i.e. 32 points per week. So around 1 percent of maximum stock value per week correction. The recent correction from 3400ish , is expected to move till 1500ish value. There is a range of target which is marked on chart. It is around 1.27 extension as marked on chart. On a weekly basis, on a short term, market may look positive as we see a rare complex correction which looks like a triangle. So the positive movement should be less, which are marked on chart. (We can analyze it on lower time frame as another post. )
NSE:ANGELONE
by sudhannayak
ITC is already in Correction mode - MonthlyITC Looks already in Correction mode - Monthly ITC stock , did large correction lasttime during, started correction July 17 from 265 to 100.76 on mar 20. Then the motive wave started from 100 to 491 till sep 24 i.e. 4 year 6 months or 4.5 years. So ITC had grown 87 points per year during those time. From sep24, stock has been correcting. While applying Elliot wave, we find the motive wave cycle had ended on sep 24. So we are expecting a correction . Currently the movement seems rapid downward movement , i.e. 491 to 400 value recently. Movement of - 91 during last 5-6 months. i.e. 18 points per months or 216 points downard per year rate. which is much faster compared to last 87 points up movement speed. As per theory, it is evident that the correction is there to continue for some time. Current month, we can expect it to do correction till next month march 25, when there is chance of little changes while forming the corrective abc. Key dates to watch out for the corrective wave are marked on chart. Happy trading.
NSE:ITC
by sudhannayak
ITC Ltd - Breakout OpportunityDate : 18-Jul-2024 LTP : Rs. 470.25 Targets: (1) Rs. 481 --> (2) Rs. 499 --> (3) Rs. 532 SL : Rs. 433 on daily close basis Technical View: • NSE:ITC was going through primary downtrend since Jul-2023. • After touching the high of 481.45 on 4-Jan-2024, it has retraced 17% to 399.4 level and it has retraced 20% since Jul-2023. • On 15-Jul-2024, NSE:ITC has broke out from its primary down trend with higher volume. • NSE:ITC is trading above 20 DMA, 50 DMA and 21 DEMA. • RSI is trading at 78.79 and MACD is trading at 9.64. Indicating bullish momentum. • Looking strong to start an uptrend. Disclaimer : I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. My ideas are published for learning purpose only and are available to everyone at no cost/charge.
NSE:ITCLong
by vikrant_252
Stock of the year at important junctionNSE:ITC after having a splendid run throughout the year is now at a very important junction. It is a fairly visible H&S (Head & Shoulder) in making but breakdown looks like snowball's chance in hell. Hence that means NSE:ITC can be a good reversal candidate but only after strong close above 456 level. That should lead NSE:ITC towards 500 and then further for new highs. Breakout above 456 may look for a inverted H&S or double bottom breakout. Things are difficult for equity market but the course of this war shall be decided in upcoming days when we will know the participating countries and fronts. One can add NSE:ITC at current levels if they have missed the rally throughout as it is holding on its levels, 432-430 shall act as stop loss. A closing below these levels shall trigger the breakdown of the above-mentioned H&S. We have 2 inside bars in last 4 candles which also indicate accumulation at current levels. It will be very exciting to see which way these positions move. If a breakdown takes place then NSE:ITC will move towards 415-420 levels otherwise this trending stock should remain the contender for more upside this year and further.
NSE:ITC
by Abhyuday01
1