Black Friday saleUp to 70% OFF

Itclong

Buy ITCI hope you can now see how the 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 favour. 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 methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
NSE:ITCLong
by EntryandExit
Creating a pandemic proof portfolio with FMCG stocks Most of the mid-cap Indian equities have taken a hit from the current COVID-19 scenario. However, there have been some of the stocks which have shown immense recovery signs in the pandemic and can be a safeguarded investment for this year. It's quite general that the sector which is expected to be unshaken during this time is FMCG. However, if the economy of a country faces a complete lockdown somehow it affects the delicate and important aspect of supply chain management. That's what happened with ITC. Now, as the nation is preparing itself for an unlock so as to protect its commerce and trade, it is expected that FMCG sector stocks can make a recovery to the old level (BEFORE MARCH 2020). One of the most interesting things is that I still consider that ITC is on a very rationale price to the investors. Although the investors who put their money when the stock was on its year-low range of 130-140 are enjoying their smart investments, it's not too late. During the current period of unlocking, there will be more ease to SCM for the FMCG sector which can directly result in an increase in sales of inventories. As ITC provides a wide range of products that fall under the category of strict basic necessities, it is also having a giant market in the tobacco industry of India. Also, from 17th July, the results of FMCG stocks are lined up and ITC will be sharing its quarterly results on 24th July. The results can have a little deficit when compared to the financial plan but still consist potential of providing positive momentum to the price of the stock. TECHNICAL ASPECT The only thing stopping ITC from having significant growth in the market is the strong resistance level of Rs200 and Rs210. These are key levels to watch. The stoch-RSI is finally reaching to the normal territory indicating a certain potential to break respective resistance levels. Strong profit-booking momentum can be there for the stock when around the price range of Rs230. Target- Rs250 (Long-term) Stop loos- Rs180
NSE:ITCLong
by VasuSinghal23
IS ITC READY TO MOVE UP OR GOING RANGE BOUND SEE YOURSELF !!Hi Traders, 1. In last week's post, I mentioned in the trade plan next week is quoting for your consideration. " if the price takes out a yellow line with the above-mentioned condition then the trend will change to upside." See in the last post I showed you two patterns circled in white and red. The white one evening star and red one dark cloud on the same white resistance. Since I wrote dark]]k cloud is not activated till yet. If the activated price will move down. You can see this pattern not activated and the yellow support line provides the good support and price moved up. My followers Have you ever thought about why I provide perfect support and conditions? Why price reacts to these markings. Why I do not make these support resistance up and down? More than 175 + post authenticate the above-mentioned questions. Since new readers can not think about this but you all have been watching since I started two publish my ideas. 2. In every post, I mention conditions and how accurately all work. This is a matter of deep thinking. for new readers, I write taken out conditions. And set last week's posted chart for your comparison of my statements for better understanding. Taken out condition works in the two-time frame combination for daily( 4 hr + 1 day) analysis. Similarly, work for lower time frames is also a two-time frame combination. For intraday trades 1 hr with 15 min. For taken out condition price has to complete in both time frames. Aggressive traders can take that side position in a lower time frame with the stop loss of breached candle low. In both the time frames given line is breached by a candle that candle high is to be breached by next candle and close should be above the previously breached candle. This is how taken out condition is being implemented. 3. In the current fig, I made two red dotted lines you need to understand these conditions for further trades. To move up price has to take out upper red dotted line in 4-hour time frame and next day closing has to be above last day closing. If this is not satisfied then chances of price to be range-bound in these two dotted lines. 4. On the contrary, If the price takes out a lower yellow line in a 4-hour time frame and the next day closing is below the previous close then the trend will change to the downside. 5. On the upside, the white dotted line will be the target. since the candlestick formation is negated by price so It should achieve the white dotted line as a target. The rest price will decide. YOGESH VATS Disclaimer:- All trading positions should be taken from consulting your financial planner. This study is for educational purposes only.
NSE:ITCLong
by yvatsji
20