Took pattern support, small retracements possible. Should form higher highs & move to the top.
I hope you can now see how the ITC represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favour. Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis . Disclaimer: It should not be assumed that the...
LONG NSE:ITC near 185 ITC is having good Demand zone near 185 and looks like ITC is tading in channel. Support trendline is near the same levels . SL below 180 TARGET 200/209/215
Most of the mid-cap Indian equities have taken a hit from the current COVID-19 scenario. However, there have been some of the stocks which have shown immense recovery signs in the pandemic and can be a safeguarded investment for this year. It's quite general that the sector which is expected to be unshaken during this time is FMCG. However, if the economy of a...
Hi Traders, 1. In last week's post, I mentioned in the trade plan next week is quoting for your consideration. " if the price takes out a yellow line with the above-mentioned condition then the trend will change to upside." See in the last post I showed you two patterns circled in white and red. The white one evening star and red one dark cloud on...
This is an educational post and hence consult your financial advisor before taking any position or trade. Analysis is given on the chart Grateful🙏
The Stock Has been Under Consolidation For Few Sessions and will Soon Experience a Breakout! All Levels Are mentioned On The chart, Follow me for more.
ITC has given a breakout above 195 level and closed strongly on DCB. On monday,if the index trend is up, we can expect a move towards 205 level this week. Any correction in the price can bring it further down towards the upper line from where more quantities can be added upon price action confirmations. All validations given as per setup : Hourly chart : ...
At resistance. Breakout can give a momentum.
Intraday trades. Sell at higher levels during intraday.
FOLLOW INVEST AT YOUR OWN RISK I MAY BE WRONG
Initiate long above 209 with SL 195 weekly closing basis. Target 230
POSITIONAL LONG IN ITC VIEW -STRONG REVERSAL FROM MAJOR SUPPORT LEVEL -RSI REVERSAL FROM OVERBROUGHT ZONE -POSITIVE MOMENTUM IN STOCK TRADE VIEW DEC FUT BUY@242 STOP@236 TARGET 1@248 TARGET 2@253 LOT:2400