Can we say that ITC making Head and shoulder pattern. Or on its recent support zone.
Simple price action analysis on a Monthly chart of ITC. Initial resistance at 246. Upon breaching 246, it might test 266 in the short to medium term. Medium to long term target is 295. And yes, a bit of patience... and patience is virtue.
Good buying opportunity in NSE:ITC . 1. MACD crossover to go up. 2. FMCG sector showing bullish momentum. 3. Showing above average volume. 4. Inflation rate has increased in October. ENTRY : Buy above 242 SL : 230 (Closing basis) TARGET : 250/265/280/300 NOTE :This post is just for educational purpose. Do consult with your financial advisor before taking any...
Category: Fibonacci Retracement Key Highlights: 1. Bullish market structure making HH-HL pattern. 2. Price taking support from one of the key zone levels. 3. Bullish volume is higher and weak non-patient hands are getting out. Disclaimer: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own...
Hi All, As visible, the selling volume is not sustainable. It's a High RR trade! We can see the Doji forming along with a Hammer Pattern on Daily TF! Buyers should kick in soon. Any questions? Feel free to reach out to us! Abhishek, Jago Niveshak Team
ITC is a retail favorite, however, for the past 7 years, the stock has not done anything. Looks like all that is about to change. Chart is self explanatory. I have shared a monthly chart (log) and have also included Fibonacci retracements on this one.
In ITC we can see a recent breakout in Weekly Chart with very good volume. An upside above 263 can take the stock around 280-285 in short term. For long term (6 months to 1 year) we can look at target around 310-320+. A retrace if possible this week then one can accumulate around 250-245 as well. Stop loss in the trade should be 230 below strictly. Happy Trading!
ITC Broke out after many years hahaha ...... NSE:ITC . I have mentioned in the above chart with targets and stop loss. Trade safely... This is only my idea... Share your thoughts guyss... Have a good day....
ITC closing above Weekly multi year TL. Looks strong on all major TF.
buy on dips for the target of 267 in short term we r moving in higher high pattern (UPTREND). 215-230 is buy range .
EXPLANATION : This is a 1 hour time frame chart of ITC . The stock has been consolidating for days in a descending channel and formed Falling Wedge pattern , If stock taking support from Demand zone we buy at the bottom and sell at the top. I am seeing a very good buying opportunity in ITC because of many reasons . If give a strong breakdown and broke its Demand...
ITC is trying to give a breakout in Day time frame. Can buy above 218. Levels are on the chart. Do your own analysis before investing.
ITC can have a good long run. Time duration may be around 2 months. Target and Stop loss are mentioned. Wait for a good volume to get the breakout. This is purely for educational purpose and I don't encourage anyone making this trade. NSE:ITC
ITC looks good above 243 can go till 350-370 weak below 225 (STRONG SUPPORT ZONE 205-190)
I have sort listed some stocks for you guys this is all for educational purpose :)
ITC is has created a symmetrical triangle after falling in COVID Crash and currently resisting at around 240, which is near to falling trendline resistance on the monthly candle bar. Considering a long consolidation of the past 6 month has created a strong base of buyers. If stock retraced around 215-225 then, buy in small quantity till to 245 will be a good...
double bottom breakout...... near raising channel support ... tril SLwith trend line