ITC: Short term & Mid term view- BullishTortoise may go like a rabbit on upcoming days bcaz of all indicators are positive in Day, Weekly& Monthly chart. Weekly MACD crossover may happen on upcoming week. Price is coming out from ICHIMOKU cloud in daily chart. These parameters will helps to reach the targets. It can go above the target levels bcaz MACD crossover may happen in monthly chart
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ITC - BUY & HOLD - time to lead 🌟Tested crucial level.
Be part of this investor dividend stock
📍 After crossover of MA 20 & MA200 upside breakout is expected.
📍 Reversal from bottom chord of rising channel
📍 Descending triangle formation
Will take a good move from here.
Take trade as per the values given in Fibonacci. always trail the stop loss. do your own analysis before taking trade
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ITCI see a descending triangle pattern here with strong support at 200-202. So, I see two buying possibilities:
1. When the price falls in the 200-202 range
2. When the price breaks the falling trend line
Please do your own analysis before making any decisions and also let me know if I missed something.
Let's learn together.
Is ITC making descending triangle pattern?? ITC given big move on Friday but not able to break trendline and sustain above 212.50 levels. If it faces rejection then there is possibility of descending triangle and it can fall below 200 levels. Also nifty is on make or break level so keep SL if positional view
Ignore if crosses above 215 then big move towards 240-250 expected.
Long Investors don't worry accumulate as much as possible around theses levels😊😊😊😊
#ITC 😂
ITC Technical based on FundamentalsThis is purely for investment purpose. I have assessed the ITC Ltd fundamentals, segment reports, past financial performance and expected future growth.
Stay invested till you hit the target.
Disclaimer: We are not Sebi registered investment advisors. This video is only meant for education purpose and nothing constitutes as an investment advice.
ITC Near Crucial Level | 200 - 198The stock has already taken support multiple times in this zone and this zone does or die for ITC. Sustains in this zone would take this to the above levels marked on the chart.
If it fails to hold this then may test below levels.
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Happy Trading!
InvestPro India Team
ITC is just getting ready to go UP || GOLDEN ZONE FIBHi guys, as visible in the chart.
When ITC fell in Mar 2020 and later retraced to the 0.5 - 0.6 fib levels and after plotting a chart similar for the current levels we can see that the stock is hovering around the next 0.5-0.6 fib levels which makes it a high probability to shoot up in the near future and make another move of 37% anytime soon.
Keep accumulating and wait for another move.
FYI : I am personally invested within an average range of 195 / share.
ITC CrucialLevelsAs We can See on 15Min Time Frame its is showing SymmetricalTriangle type of pattern
and RSI aslo Weak ...
Making Lower lows and Faced Resistance too long
It might me open downside on monday then we can see short side target
lets see monady where it goes ...it can go both side and give closing at up or down side then we will see big momuntum...
ON Daily Chart its showing H&S Pattern which indicate downtrend ....
on monday it can take support from this levels ...wait for 1st half then take trade ...
Sell Below-200 only when Give closing below this
Buy above-207 or 209 ....
ITC FuturesITC Futures
I am unable to understand the reason why is ITC Futures underperforming because there are so many bullish signs in the charts.
1. The candles in the daily charts have made a patter called triple bottom which means that ITC Futures are supposed to fly but there is a resistance at 212 levels.Next resistance can be seen at 216.10 but the pattern means that ITC Futures have collected a lot of strength here and we should soon see a price tag of 220 / 226 / 230.
2. Divergence indicator in RSI on the daily chart has issued a Hidden Bull sign.
3. There is an ascending triangle pattern on the hourly chart which again is a bullish pattern but RSI has broken the 50 levels downwards so if we see a positive opening and one push with a decent momentum this can be changed to a bullish sign in no time.
4. Daily charts which is a 15m chart is a little scary as the pattern seen is a descending triangle and this is a bearish pattern. It is opposite to the ascending triangle being made in the daily charts but looking at the bigger picture, I get a lot of confidence. One breakout and the pattern can be broken.
5. RSI will form a double bottom if we get a gap-up opening as well.
The lot size of ITC Future is 3200 shares. This is a very big lot and you can trade in cash if you are not comfortable to hold such quantity or take such big risks. The stop should be maintained below 201 levels.
ITC FuturesITC futures have turned 203 levels into a very strong support zone. We have heard about double and triple bottom which are strong bullish patterns but look at this, the candles taking support for 4 times and this makes me wonder how much strength has ITC Futures gathered now?
Can buy (lot is 3700 shares so please calculate risk) at CMP which is around 209.75 with a Stop Loss below 203 and targets of 215 / 220 and even 230+. Time frame can be entire month.