Stock is near all time high and trading in range. If stock gives breakout of this range we may see a up move towards 550 price.
Entry - 511 to 514
Target 1 -552.20
Stoploss - 493.75
This is not a buy or sell call, analysis is shared for educational purpose.
ITC was in the news since so long time, that after years of pressure, it gave a very good breakout and the stock which people use to tease finally skyrocket and touch its all time high mark...
Now it has formed a Inverted Dow in the chart as you can see and it should be slip upto mentioned level but overall it's positive and after retesting the mentioned levels...
NSE:ITC after having a splendid run throughout the year is now at a very important junction. It is a fairly visible H&S (Head & Shoulder) in making but breakdown looks like snowball's chance in hell. Hence that means NSE:ITC can be a good reversal candidate but only after strong close above 456 level. That should lead NSE:ITC towards 500 and then further for...
NSE:ITC ITC has been sideways at the highs of life time and is showing negative signs of sharp down fall set up if it comes down and breaks the range support of 378/369,
below 369we can seen a sharp fall to 350 step by step with only 1 pause/support zone n middle at 363/361.
IF ITC BREAKS RANGE HIGHS/RESISTANCE OF 394 and gives closing and opens new candle...
BUY AT CMP 231
ADD MORE AT 214-222 RANGE AND RELAX
ABOVE 240 ON MONTHLY CLOSE EXPECTING SHARP UPSIDE 286,320.
BULLISH .
INVEST OR TRADE wisely.
WE CAN JUST PREDICT.
Disclaimer: I am not a SEBI registered advisor , so before entering on my view plz ask your SEBI Registered Advisor . Profit is your and loss is your.
NSE:ITC
Whoever holding this stock from lower level, then can keep stop loss at 238(closing basis)
whoever want to take trade they need to understand first current candle and that's DOJI if break low then it might take next support at 238 and if break high of current DOJI then it will activate this harmonic chart and long side target would be 299 on trailing...
ITC bullish above 240 closing for tp 295-300 sl 198 on monthly cb
Disclaimer: only for educational and learning purposes kindly consult your fa before any investment
Wave 1-2-3-4-5 is complete, ABC is also complete - Major wave 1-2 is completed
Next set of Major wave 1 in progress, in that minor wave (1)-(2) is completed, wave (3) in progress
so when this minor wave (1)-(5) crosses the reflex point - you can buy at retracement for next set wave 3
so, ITC is at huge buying set-up
📈 ITC Ltd. 📉
My Findings :-
1. Breakout from Oct 2021 High and Closed with Strong Candle.
2. Although It’s Crowded trade but it came on my breakout radar so sharing it.
3. Risk to reward ratio is favourable.
4. Check Out My Long term Analysis too.
Bias- Long
Target- 307, 320, and 342
SL- 249
RR- 1: 4
All Important Supports and Resistances are drawn in...
Itc breakout in monthly timeframe.
This is triangle pattern breakout, one can keep their stop loss @200 and target @360
so this trade is 1:2 risk reward .
Volume is also good , rsi also giving buy signal same as 2017.
This is only for educational purpose not a financial advice.
According to trend and trend line, ITC looks bullish on chart. Anyone can initiate buy above 229 with stop-loss of 219 for long term as well as intraday. Intraday stop-loss should be 225.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial...
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 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...
ITC 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...
