📈 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...
This is Monthly Timeframe. Finally ITC is showing some strength, sell-off started in July 2017 and it fell more than 60% from it's all time high and made a bottom in March 2020. And after that it started a retracement, but the retracement have crossed the 0.50 fibo level, and now approaching the 0.60 fibo level, that means it not a retracement anymore. It may...
NSE:ITC ITC breaking the trendline, looks good on the monthly charts as well. Will it go-through ?
📈 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...
though it has good volumes but we need to go by the books now if monthly candle closes above yellow trendline we are good to go magnetic move will come in itc to achieve 289 but if candle monthly closes below yellow line then it may be a problem and invest for long term good luck
Itc breakout in monthly timeframe. This is triangle pattern breakout, one can keep their stop loss @200 and target @360 so this trade is 1:2 risk reward . Volume is also good , rsi also giving buy signal same as 2017. This is only for educational purpose not a financial advice.
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...
ITC 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...
ITC is ready to take the holy dip below its March 2020 low of 134.60, this will be last fall of the decade for the FMCG / Tobacco giant resuming its major bullish journey NOTE - consult your financial advisor before making any investment decision on my view
1.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...
1. Sustaining and Closing above 227 is highly positive. 2. RSI trying to Break Out. 3. 208-209 is strong support and should be SL for mid term. 4. Previous swing highs should be Targets: 238/245/265+ 5. ITC is a slow mover. Better Trade in CASH or FUT than Options. 6. Consult your financial adviser before entering any Trades. Views shared here for education...
According 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...
ITC 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 is being traded in a channel since last one and half year. Recently, It has touched lower line of cannel. Bullish View : Currently it touched lower line of the channel Currently it is traded in support zone It is taking support of 200 SMA on daily chart ]Point of worry : 200 SMA on weekly chart is resisting upward movement Touched...
Ticker Name: ITC Chart Pattern : Falling Wedge Continuation This pattern indicates that a tug of war is going on between the seller and buyers and eventually buyer will take control. At Resistance, sellers show their power to pull down the stock price but the buyer accumulates at each dip. During Breakout need good volume sign for further uptrend Major...
Added 30% position in ITC. Will look to add more on the retracement. Reasons to buy: 1. Long term channel support. 2. 200 days SMA support. 3. Pennant Pattern break. 4. High volume on Daily and hourly. Note- Don't trade according to my ideas. It is only for educational purposes.
I hope you can now see how 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 favor. 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...