Itclong
ITC : Strong momentumITC : Strong momentum
- Filtered from Strategy#1
- near demand zone
- acuumation going on since long time
- up move can be seen in upcoming days
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
ITC ready for a bounceITC ready for a bounce after retesting is long-term support zone of 200.
Fundamentally good stock haven't participated in this market rally till now.
Stock on the verge of breakout of trendline.
FMGC sector diversified business model.
Trigger News
ITC files Rs 100 cr defamation suit against portfolio manager Manu Rishi Gupta for blog post
buying for the targets of 20% in 2-3% time frame for safe players SL is 196.50
Disclaimer: Chart, data and levels for study purpose only. I am not a financial advisor. Use your intelligence before investing.
ITC - BUY & HOLD - time to lead 🌟Tested crucial level.
Be part of this investor dividend stock
📍 After crossover of MA 20 & MA200 upside breakout is expected.
📍 Reversal from bottom chord of rising channel
📍 Descending triangle formation
Will take a good move from here.
Take trade as per the values given in Fibonacci. always trail the stop loss. do your own analysis before taking trade
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Good times ahead for ITC?ITC has been making a descending triangle for almost 4 months
The stock is near it's major weekly support
Offers good risk reward at the moment
Expect a good momentum if the triangle is broken on the upside with the rejections marked in the chart as potential targets
Suggested SL : 193
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Please stay safe. Happy Trading!
Regards,
Segan
ITC at a crucial point yet againOne of the most talked-about stocks of the Indian markets, ITC, is at a crucial zone yet again. 200DMA + 200 psych level + support zone + RSI40.
It's retested this level 9 times but is forming lower highs. Will be interesting to see if we're able to see a bounce this coming week...
Marked as a 'Long' with a stop below 200DMA, roughly 4-5%.
Long in ITC for longer term with this small stopGo long in ITC. Long in ITC for longer term with this small stop as mentioned in Chart. You don't need any indicator for ITC.
Simply follow the chart and keep stop below 195 on daily closing basis only. If it doesn't close below that then expect 235/240/250/270 then 310/320/350. Just keeping less stop with bigger profit can give you good profit with good dividend.
This is only for long term investment or the target of 350.
PS: I am not a certified and SEBI registered analyst. All my postings are only for educational purpose. Please consult with your adviser before your take any investment decision.
Indicator used: Super trend in daily time frames and Support in Price actions.
ITC - Perfect Descending Triangle | Target - 225,240🔰 MY thought process :
⭐Multiple supports at the triangles lower side and 3 times good reversal from the upper trendline
⭐Volume profile is showing its trading at the most crucial and most tradable supply demand zone, a breakout from the trendline might initiate a good upmove :)
⭐Risk : 206 can be taken as a good SL where we can take 225 as 1st target and 240 as 2nd . :)
🔰Am I taking this trade now: No---Reason: Already in the trades of Naukri and PPL as posted last time :) also took a small position in Coal India today as posted guys :)
Also keeping an eye on JSW steel too seems bullish to me :), All the analysis already posted :)
🔰 {Some info}
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
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ITC Technical based on FundamentalsThis is purely for investment purpose. I have assessed the ITC Ltd fundamentals, segment reports, past financial performance and expected future growth.
Stay invested till you hit the target.
Disclaimer: We are not Sebi registered investment advisors. This video is only meant for education purpose and nothing constitutes as an investment advice.