Things not looking good for ITC.Things not looking good for ITC. Trade get triggered only below the support zone at 195-200.
Itclong
ITC may go big keep eyesITC has retested support of 200 continuously 6-7 times and made support to the previous trend so it is looking big
Disclaimer - Trade is not recommending on behalf of my views these are personal
trade at your own risk
comment your view, what you think about it
thanks
ITC TRADE!If you buy a stock multiple
times at different supports and sell them at different resistances is known
as Range bound trading.
This type of trading makes trading easy.
For now, ITC target is 218. It is currently at the support level so you can buy it
ITC on Hourly Chart Major hurdle 212 ITC hourly chart
Going toward the major support of 200
volume squeezing slowly
can pulled back with volume support
Strict long term stop loss 200 on month close basis
Ang long start above 212
I am not a SEBI registered adviser. All the information provided by me are for educational/informational purposes only. Never invest more then 2 % Capital In Single trade. Trade on your own Risk and analysis
ITCDaily Chart View
on the verge of supply zone
Strong Pull back Candidate
Taking Support on 200 EMA
I am not a SEBI registered adviser. All the information provided by me are for educational/informational purposes only. Never invest more then 2 % Capital In Single trade. Trade on your own Risk and analysis
ITC is just getting ready to go UP || GOLDEN ZONE FIBHi guys, as visible in the chart.
When ITC fell in Mar 2020 and later retraced to the 0.5 - 0.6 fib levels and after plotting a chart similar for the current levels we can see that the stock is hovering around the next 0.5-0.6 fib levels which makes it a high probability to shoot up in the near future and make another move of 37% anytime soon.
Keep accumulating and wait for another move.
FYI : I am personally invested within an average range of 195 / share.
ITC TRIANGLE PATTERNITC is trading in a triangle pattern. There is a possibility of breakout in the coming trading sessions. It can be a positional trade for a target of 226.
ITC LONG TGT 1- 260
TGT 2- 274
SL- 200
Bullish, upward price action, bears are getting weak.
RSI crossing 50
ITC FuturesITC Futures
I am unable to understand the reason why is ITC Futures underperforming because there are so many bullish signs in the charts.
1. The candles in the daily charts have made a patter called triple bottom which means that ITC Futures are supposed to fly but there is a resistance at 212 levels.Next resistance can be seen at 216.10 but the pattern means that ITC Futures have collected a lot of strength here and we should soon see a price tag of 220 / 226 / 230.
2. Divergence indicator in RSI on the daily chart has issued a Hidden Bull sign.
3. There is an ascending triangle pattern on the hourly chart which again is a bullish pattern but RSI has broken the 50 levels downwards so if we see a positive opening and one push with a decent momentum this can be changed to a bullish sign in no time.
4. Daily charts which is a 15m chart is a little scary as the pattern seen is a descending triangle and this is a bearish pattern. It is opposite to the ascending triangle being made in the daily charts but looking at the bigger picture, I get a lot of confidence. One breakout and the pattern can be broken.
5. RSI will form a double bottom if we get a gap-up opening as well.
The lot size of ITC Future is 3200 shares. This is a very big lot and you can trade in cash if you are not comfortable to hold such quantity or take such big risks. The stop should be maintained below 201 levels.
long ITCITC
has made an inverted head and shoulder pattern wait for the closing above 112 along with volume confirmation.
this post is just for educational purposes.
ITC FuturesITC futures have turned 203 levels into a very strong support zone. We have heard about double and triple bottom which are strong bullish patterns but look at this, the candles taking support for 4 times and this makes me wonder how much strength has ITC Futures gathered now?
Can buy (lot is 3700 shares so please calculate risk) at CMP which is around 209.75 with a Stop Loss below 203 and targets of 215 / 220 and even 230+. Time frame can be entire month.
ITC SUPPORT at 201 and resistanceITC is at its breakdown at 201 level and after this breakout, it's gone to 215 Resistance & if this trend continues soon gone to 228 & if its in a downtrend it breaks its support 201 it went 191.
ITC'S NEW TARGET 238The basis for the analysis is as follows :
1. Uptrend move and support
2. Rising volume breakout + 50% green body above resistance
3. Retesting done
4. Entry trigger after consolidation break level
Please hit like if you like the analysis !! Thanks and happy investing.
Itc stock inverted head and shoulder If sustain above 235, then it will breach 250 soon !
Possible target
1) 250
2) 279
Feel Free To Ask For Any Technical/Fundamental Query
Comment Down Below
Educational Purpose Only.
ITC | Wait for the support from current level218.5 - 222 was big resistance which had been broken on 04-feb, if it takes support from the same current level then one can long on it. 264 is easy target and can get more in positional. NSE:ITC
Watch for a breakout or swing opportunityITC reached one of its strong support regions. Keep an eye on ITC for breakout opportunities or swing trade.
