ITC near ATH
Reversal can be seen following bounce-back along with some possibility of sideways for few weeks as well.
Long is for sure though.
Fundamentals: Good
Technical: Channel rising
Dividend: Good
Target: 367/412
Resistance: 323/308
Time Frame: 6-12 months or more (Upside)
ITC reaches at it's life time high resistance level, now will it face some resistance or profit booking here. Last time it falls up to 240 level in 2017.
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 bullish above 240 closing for tp 295-300 sl 198 on monthly cb
Disclaimer: only for educational and learning purposes kindly consult your fa before any investment
ITC : Imperial Tobacco Company
ITC - This stock needs no introduction to investors community on fundamental side and stressful community on traders side
Why this post ?
There was a decent Rounding Bowl Formation near completion on weekly charts which i thought of sharing with my Trading View community.
Some Analysis what i foresee going forward
I am...
NSE:ITC
Observations:
1) On 1day time frame, it has made morning start pattern.
Please refer below chart : 1day time frame.
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Trade Setup for 16-05-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the...
NSE:ITC
Observations:
1) On 1hr time frame, we can see it gave breakout of triangle pattern.
Please refer below chart : 1hr time frame.
2) On 1 day time frame, we can see it gave closing above the critical level of 265
Please refer below chart : 1day time frame.
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Trade Setup for 09-05-2022
1) Don't Jump in...
NSE:ITC
Observations:
1) On 1hr time frame, we can see formation of triangle pattern.
I have drawn resistance channel and support channel.
Please refer below chart : 1hr time frame.
2) On 1 day time frame, we can see 265 will be crucial level.
Please refer below chart : 1day time frame.
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Trade Setup for...
📈 ITC Ltd. 📉
My Findings :-
1. Breakout from Oct 2021 High and Closed with Strong Candle.
2. Although It’s Crowded trade but it came on my breakout radar so sharing it.
3. Risk to reward ratio is favourable.
4. Check Out My Long term Analysis too.
Bias- Long
Target- 307, 320, and 342
SL- 249
RR- 1: 4
All Important Supports and Resistances are drawn in...
#ITC
1. Inv. H&S Break Out on Weekly Time Frame well supported by RSI.
2. 245-260 is strong base and any dip towards these levels is buying opportunity. (Chances of dips are less though)
3. 325 is the minimum target. My personal target is 600+ in coming months.
4. Closing below 220 WCB is SL for this view.
5. Consult your financial advisor before investing. If you...
![ITC: Simple Trade Setup | ITC | 16/05/2022 [INTRADAY]](https://s3.tradingview.com/a/AMxfOv5c_mid.png "Simple Trade Setup | ITC | 16/05/2022 [INTRADAY]")
![ITC: Simple Trade Setup | ITC | 09-05-2022 [INTRADAY]](https://s3.tradingview.com/c/ChLc0jl7_mid.png "Simple Trade Setup | ITC | 09-05-2022 [INTRADAY]")
![ITC: Simple Trade Setup | ITC | 04-05-2022 [INTRADAY]](https://s3.tradingview.com/f/fqyhHc6L_mid.png "Simple Trade Setup | ITC | 04-05-2022 [INTRADAY]")
