Simple Trade Setup | ITC | 09-05-2022 [INTRADAY]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 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 chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Itclimited
Simple Trade Setup | ITC | 04-05-2022 [INTRADAY]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.
-------------------------------------
Trade Setup for 04-05-2022
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 chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
ITC Chart Analysis !!📈 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 chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
#ITC: Bring 325 as soon as possible! #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 found worth it, Do Like, Share and Comment.
ITC Analysis !! Broke Out📈 ITC Ltd. 📉
This broke out from a Resistance Zone of 234-240 after testing 3 times. ITC on a larger chart forming a triangle pattern which won’t be visible in this chart but I can share on demand.
On Buy Side I am looking for Targets of 260-264.
StopLoss should be kept below 230-232zone.
It offers 1:3 Risk To Reward.
ITC on a larger chart forming a triangle pattern which won’t be visible in this chart but I can share on demand.
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
#ITC at resistance now NSE:ITC
After giving great up move now stock at resistance.
First given good long from harmonic level now find the opportunity for short or profit booking at harmonic resistance.
📌 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 : Bullish on the way to 300 - a simple price action analysisITC has displayed strength during the past few weeks.
The chart shows that there has been good accumulation of this stock from around 206 levels, and it has found good support levels at around 217 and 230.
Today, it breached the levels of 246 on its way up and closed at 249.75.
The candles denote good buying and the price is above all major moving averages of 21, 50, 100 and 200.
While remaining strong, the price might correct to 246 and 240, before again resuming its journey upwards.
I see it going up to 265 in the short term.
Personally, I am bullish and see it within the range of 300.
RSI and MACD indicators signal bullish sentiment.
Note: Not a buy or sell recommendation
ITC CAN MAKE A RUN FOR 2501.ITC has given a breakout of it's parallel channel.
2.Double bottom breakout confirmed.
3.Howering above 200 ma.
4.RSI is bullish.
5.Above 33.2% fib level.
Buy above - 229
Targets mentioned in the chart above.
Please LIKE, COMMENT and SHARE to motivate and support me. I'll keep on posting new ideas on Indices & Stocks. Be sure to follow so that you don't miss any good trades that might have been rewarding.
Any comments and critiques will be appreciated even if it's of opposite view as a trader can also be right so many times.
ITC Looks BullishAccording to trend and trend line, ITC looks bullish on chart. Anyone can initiate buy above 229 with stop-loss of 219 for long term as well as intraday. Intraday stop-loss should be 225.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
ITC LTD NICE BUYING SETUPHi Guys, There is a correction forming in ITC Ltd for upside move to the levels of 266. upside move might just touch that level and go back down. so be cautious about that nothing major here just very technical buying pattern buy till break those levels and get out.
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Long ITC....High Probability SetupITC
Cmp - 220
Stop - Nil, add on relevant dips
Expectation -
T1 - 235
T2 - 260, Review at 260
Expected Holding Period - 3 months or earlier for T1, 5 months or earlier for T2
View:- Swing/Investment
Disclaimer:-
Not a SEBI registered advisor
Ideas being shared only for educational purpose
Please do your own research or consult your financial advisor before investing
ITC - Perfect bounce from golden fib levels !Category: Fibonacci Retracement
Key Highlights:
1. Bullish market structure making HH-HL pattern.
2. Price taking support from one of the key zone levels.
3. Bullish volume is higher and weak non-patient hands are getting out.
Disclaimer: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
Abhishek Singh (@Abhishek_TradersSin)
~ Middle-class IT Employee trying to simplify Technical Analysis.
~ Do follow and like if you like the work.
Swing SetupEXPLANATION : This is a 1 hour time frame chart of ITC . The stock has been consolidating for days in a descending channel and formed Falling Wedge pattern , If stock taking support from Demand zone we buy at the bottom and sell at the top. I am seeing a very good buying opportunity in ITC because of many reasons . If give a strong breakdown and broke its Demand zone with high volumes and retest the same , I am bearish on ITC . Always be extra cautious with breakout trade with confirmations .
If you like this analysis give a Like // Follow for more updates , let me know in comments below :)
Levels for - 04 Oct 2021EXPLANATION : This is a 1 hour time frame chart of ITC , It has formed Symmetrical triangle pattern ; A symmetrical triangle chart pattern represents a period of consolidation before the price is forced to breakout or breakdown. A breakdown from the lower trendline marks the start of a new bearish trend , while a breakout from the upper trendline indicates the start of a new bullish trend . Both side levels marked in chart.
If you like this analysis give a Like // Follow for more updates , let me know in comments below :)
ITC PRICE ACTION ANALYSIS AND TARGETS ITC gave a long-awaited breakout today. But, for more upside, ITC has to cross the supply zone/PRZ mentioned on the chart.
The XABCD bearish Gartley, bat, and crab patterns set the targets for the ITC price in the future.
The stop loss has to be placed below the demand zone. If the stop loss percentage is above your risk, consider as per your appetite.
Happy trading :)
This is just for educational purposes.