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Itclongterm

Stock of the year at important junctionNSE: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 new highs. Breakout above 456 may look for a inverted H&S or double bottom breakout. Things are difficult for equity market but the course of this war shall be decided in upcoming days when we will know the participating countries and fronts. One can add NSE:ITC at current levels if they have missed the rally throughout as it is holding on its levels, 432-430 shall act as stop loss. A closing below these levels shall trigger the breakdown of the above-mentioned H&S. We have 2 inside bars in last 4 candles which also indicate accumulation at current levels. It will be very exciting to see which way these positions move. If a breakdown takes place then NSE:ITC will move towards 415-420 levels otherwise this trending stock should remain the contender for more upside this year and further.
NSE:ITC
by Abhyuday01
1
#itc Trade setupNSE: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 basis. ones ITC activate this pattern one can short ITC if find reversal. 📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns . 📌 That Dash Line Is Called PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone). ******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
NSE:ITCLong
by linesandlevels
4
ITC Chart Analysis !!📈 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 chart. All levels are on closing basis. Please have a look and revert back if you need some more study on it. Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
NSE:ITCLong
by ShelendrAgrawal
4
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.
NSE:ITC1!Long
by virralthakkaar
Interesting formations on ITCOkay, here is my thought process on a laggard. Let's look at the base trendline first. This trendline was drawn first on monthly charts to see where the stock has taken very strong support in the past (circled). "An earlier support later becomes a resistance". ITC has attempted to pierce through this line with good volumes. Next, on the weekly charts, I have drawn a trendline on the highs. It looks like even that trendline was broken on close of this week. Again, with pretty good number. Keep this stock on your radar. PS: This is NOT for traders. I was asked to give my input on ITC and I am doing that. If you are an investor, now is the time when you can think of assigning capital to the stock. If you already have positions, hold the stock. If you guys have time, I would also request you to read through my ideas on ITC. Targets were achieved. :) I post ideas frequently. Give me a follow and comment "interested" if you want to join my telegram channel. NSE:ITC
NSE:ITCLong
by sankatradesindia
1