ITC - 2 PossiblitiesRight now stock is holding its strong support zone of 478
If successful stock may make a journey upto 500 without halt
If not it may fall and take the more stronger support of 468
In both cases idea voids below 465
Itclong
ITC long above 500 Can buy with sl @470 rr is favorable
Or can Wait for this week , if this week close above 500 then soon ATH
Itc - Sideways to Bullish in coming daysStock seems to be near the end of bearishness
Multiple strong conjunctive supports arriving
494 - 496 strongest support for the stock
View negates below 492
Possible targets 515/530
ITC - BullishITC taking support at the strongest flip zone 503-503
Bouncing back from here may possible take stock to chart new Ath territory
Any break below 500 will take it back near 575-80
Trade accordingly
ITC A Money MachineHello Traders,
Sabka Pyaara Sabka Chahita Apne ITC se nazar mat hatana,
Keep an eye on the Mini bull, Sector is performing well & the Leader is Just near Breakout zone 510.
Monthly RSI > 60
WEEKLY RSI > 60
& Daily is Taking rest at 60 zone.
Can Give the Big Targets in coming Months.
Education Purpose Only
Thank You
Prince
ITC Forms Ascending Triangle PatternITC's ascending triangle pattern suggests that the stock is building up bullish momentum, with a breakout likely to trigger a strong upward move. Traders should monitor the stock closely for a breakout above the resistance level, as this would confirm the pattern and potentially lead to a significant rally. Patience is key as the price approaches this critical juncture.
ITC Flag & Pole patternThe stock has formed flag & pole pattern on the monthly chart.
One can enter above 511 with a strict Stoploss of 422
Target 1 - 599
Target 2 - 640
Target 3 - 697
All levels are mentioned in chart.
#LONGTERM TRADE
#FUNDAMENTALLY STRONG STOCK
#ITC
What is your view please comment it down and also boost the idea this help to motivate us. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
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.
ITC looks bullishITC looks bullish, can see W pattern (not strong one but it is aligned with trendline), can enter at 466 with SL at around 388 for the targets of 548 then 630.
--> do not invest more than 5 to 10% of your capital, do your own analysis before investing/trading so you can have confidence to stay in trade till targets.
This analysis is for only Educational purpose.
ITC - BullishDowntrending Channel Breakout
Cuurently at daily resistance
Expecting a short pull back till 440-45 areas
Before heading out for ATH
Strong support area is only near 400
Expecting 550-600 soon
ITC: Will reward investors soon !!!ITC: When Noone seems to be Interested and all Negatives Around, Time Cycle Points towards a Rise from the Ashes. 🔥🔥🔥
BUY at cmp SL weekly closing below 380
Upside: 450/500+
Horizon: 3M
ITC is coming back!Last year's hero has been underperforming this year but now seems to be getting back in the run up.
Momentum Swing Idea| ITC LtdITC Ltd
as you all know it stablished in 1910, ITC is the largest cigarette manufacturer and seller in the country. ITC operates in five business segments at present — FMCG Cigarettes, FMCG Others, Hotels, Paperboards, Paper and Packaging, and Agri Business.
Fundamental = strong
Market Cap ₹ 5,23,098 Cr. Current Price ₹ 419 Stock P/E 25.6
ROCE 39.0 % ROE 29.1 % Debt to equity 0.00
Promoter holding 0.00 % Quick ratio 1.73 Current ratio 2.73
Piotroski score 6.00 Profit Var 3Yrs 7.41 % Sales growth 3Years 12.8 %
Return on assets 23.8 %
This is purely technical analysis and perfect 21 day moving average support .Moreover company is in growing and stable phase .keep in radar .
monthly RSI above 55 and its seems to be reversal signals . if market in uptrend move than this stock will be in uncharted territory.
Note: I am not SEBI registered financial Adviser. I solely present my views on chart .I do not charge any kind of service. This is not buy sell recommendation.
If you like my ideas than like boost and follow me for more ideas.
Thanks and comment freely
ITC looks BULLISH, Good for long term.In this video, I have provided my view on ITC for swing trading as well as long term investing.
Watch the video for more details.
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.
BOSCH VS ITC i have shared a chart in which in which when ITC gives breakout of fallen horizontal trendline and which leads to all time high and same structure is forming in BOSCH can bosch leads to form new high. I am expecting this share can break all time high in upcoming months .
Thanks
ITC India - Here we go again4th base taken out. This is a relentless rally in ITC - now the top performing Nifty 50 stock by a long margin. It reminds me a lot of TESLA in 2020 - is ITC the TESLA of India?
Mutual Funds are buying the dip - they know this stock is the top performer and want in
We have made 4 bases since the rally started at 300+ in 1 year. Thats unique. Usually the 4th base fails
Institutional ownership has increased and the stock has touched the 21 EMA only a few times in 12 months. 50 EMA - hasnt even come close
Buying back in at 480 now - lets see how long this party lasts. If it pops below 21 EMA on volumes - am out!
Disclaimer - Trading stocks is risky (F&O is even riskier). 95% of traders as per SEBI statistics lose money - with 60% losing most of their capital in 12 months. So, the odds are stacked against anyone trying to make a living in the markets. All the ideas here for education & analysis only. Please do your own research before risking your capital.
ITC on its path to moonFlag and pole breakout
Interesting volumes
First target somewhere around 480 and post that 500+ is imminent
Expecting a big move before June ends which will ensure momentum continuation
ITC India - 4 Reasons to be a bit nervous right now at 445Although I am still bullish on ITC, there are some warning signs that anyone long / anticipating needs to be looking for and this may save you a lot of money if the stock does reverse from a test of 450+ - volumes have dried up recently indicating that there is not much supply at 450 (which is good)
Stretched on the monthly / weekly momentum - although still positive, it is definitely on its last legs (unlike new breakouts like Indigo, Bharti etc)
The base is being built - but might still need 1-2 weeks (previous bases took 2 months)
Volatility is compressed and this is a positive. It touched 452 in this consolidation and also made a tail down to 430 - which is very normal
If the relative strength goes down (compared to nifty) or if it cuts 440 on volumes, then cut off the trade.
Bottomline - Stay long and hope for a clearance of 455 very soon - on good volumes that too. Otherwise be ready to cut this loose if it reverses sharply from here on volumes.
ITC India - Right way to get into the stock with the least riskITC India is bullish and the top performer in the Nifty for 2023. Now in a pullback - obviously everyone is thinking about how to get in.
ITC results were outstanding and the street has high targets. However buying at Life highs is fraught with risk - so how to do that successfully is what this 2 min video is about.
Disclaimer - I am long ITC and looking at a target of 500. This video is for education purposes only
ITC FORMED TRIANGLE AT THE RESISTANCE #itc has formed an rising triangle pattern below fresh resistance zone, watch out for the upside/downside break of the triangle pattern breaking for next move prediction.
