Itclimited
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.
ITC ( Can be a Good Swing ? )ITC can be Good Swing for a shorter Period of Time
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DM for your Enquiries
ITC LtdResult Declared. But it will be interesting to watch the stock at its sweet zone above 135 TL sub wave. But its primary signals towards completion of 3rd Wave. But the problem is 3rd wave can extend upto 2.618 now it has reached just 1.618. So better wait for a proper breakout or reversal to go long.
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Chart and Analysis By - Adarsh Dey
🚬 #itc #nifty #banknifty #niftybank #niftyfmcg #fmcgNSE:ITC
as today was result so be careful in this trade if find reversal or support from given PRZ levels then only long this stock. Learn Apply Grow
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.
ITC - Bullish BreakoutNote: This is for educational purpose only. Please do not trade in F&O based on this.
There seems to be a bullish breakout with high volume. There seems to be similar breakout in RSI as well. Volumes have increased as well. RSI above 65 indicates bullish momentum.
You can buy 50% now and rest in dips until 221₹ - 219₹.
My SL is: 212₹
ITC trendline breakout!!!The much awaited breakout. ITC has broken out of it's trendline and also a crucial resistance with a huge volume spike. Will it sustain? We'll see. But most important ,Plan your trades according to your risk profile! Okay, Bye.
ITC Descriptive Chart for PA analysisThe Chart is Self Explanatory.
Rest Market Will Tell!
Note: Post only for education purposes.
Upside expected in ITCI am expecting 226 in the next 2-3 sessions.
Short Term Targets: 230-235
Medium Term Targets: 240-245
Long Term Targets: 300++
ITC seems bullish.
Everything visible on chart. Kindly comment or reach out for clarifications or views.
Rest Market will tell! :)
Note: Post only for education purposes-
ITC VIEW FOR 5 TO 6 TRADING SESSIONBUY ABOVE 218.60 ON CLOSING BASIS ON DAY CHART
STOPLOSS:- 210
TARGET :- 230-233
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ITC - Descending triangle pattern at monthly time frame - LongITC LTD - Descending triangle pattern formation at monthly time frame - Long
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
ITC 1 HR Time frame Breakout I have explained my Idea in the chart itself.
3 points explaining why to go long on the stock.
*ITC has formed a double bottom pattern in the weekly chart and has has broken the resistnace*
Please like if you like my analysis. I am always open to thoughtful discussion.
I would suggest to trail the Stoploss after getting the first target rather than booking on first target.
Follow for more such ideas.
ITC AT FIBONACCI RETRACEMENT ITC is trading at monthly 200EMA support along with Fibonacci support. From here downside is limited considering fundamental ratios. Not expecting much from results. However, there is a strong demand zone at 150-165. ITC can be a big bet for the year 2021.
CMP - 174.75
Short Term Target - 190
Mid Term Target - 220
ITC falling back towards SupportI had given an outbreak call on ITC based on a condition.
Condition being, if it breaks above 175, we could see a big move.
Just look at the charts. It reversed exactly from the resistance. Now, it has moved swiftly towards the support.
There can be two trades here.
1. If ITC pierces through the support, it is a short below 166. Short at 166. Target at 157. Stop loss at 169.
2. If ITC bounces back from the support, we could see another move and possibly an other attempt to break 175. Buy at 168. Target 175. Stop loss at 166.
I've always said it. Sometimes the simplest analysis based on trendlines can give the best results. :)
ITC VERY STRONG RESISTSANCE at 174.70Honestly, if there was an ever an example to use to teach someone resistance, it's this. Reverses from the trend line every chance it gets.
Imagine the psychology of a trader if it breaks the barrier.
Buy above 175 with an open target. It will move! NSE:ITC
ITC what a breakout!ITC is trying to break the 174.80 on hourly setup for the 4th-5th time. If it manages to break this, it could be a huge move upwards. Buy @175. Target @180. SL@169. CLSA has upgraded the stock too. This could be huge for the stock!
