ITC BreakoutITC 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....
Itclong
ITC ( LONG ) buy on dips for the target of 267 in short term we r moving in higher high pattern (UPTREND).
215-230 is buy range .
Swing SetupEXPLANATION : 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 zone with high volumes and retest the same , I am bearish on ITC . Always be extra cautious with breakout trade with confirmations .
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ITC Long BreakoutITC 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 long sideITC 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
Late night Technical analysis talk I have sort listed some stocks for you guys this is all for educational purpose :)
ITC Long Position in CashITC 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 investor move.
Above breakout of 240-245, buy-on dip should continue till all-time high breakout.
Above all time break out, conside a TGT fpr 600-630-650 as profit booking zone.
Time is not considered but since, all stock had bull run then ITC, possibly a new high of CNX Nifty could come with support of ITC.
ITC ITC on the verge of breaking years long downtrend/range bound market.
Could see good upside moves.
Keep waiting until it breaks and sustains.
ITC near imp resistance NSE:ITC
make new entry only above 242 closing
SL closing below 222
T 248, 255, 266
280 will be next major hurdle
long itc, 40-50% upside movement expected.price showing strength
big volume bars showing heavy accumulation on every dip, broken counter trendline.
Long opportunity in ITCITC has given a good triangle pattern break out hence its a good time to enter in case it hold the upper trend line of the triangle pattern
ITC LOOKING GOOD TO BUY FOR MID-TERMOne can buy IT at the current price of 208-209 and add more on dips up to 200 for the Targets of 220 and above until 195 is saved on the closing basis.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
ITC - Long - Breaking out of consolidation ITC has been consolidating from very long period and it is consistently holding the support of 200.
Looks like ITC has broke up the rianlge pattern.
Triangle Pattern:-
IF breaks triangle upside Buy at 204 for target 240
Buy at 207 -
SL - 197
Target :- T1- 221 /T2-240
ITC LTDWith the from of double top pattern and with time frame of 1 monthly and weekly
and you can see the chart pattern .
follow the chart pattern then make the trade
