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...
NSE:ITC
Observations:
1) On 1day time frame, it has made morning start pattern.
Please refer below chart : 1day time frame.
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Trade Setup for 16-05-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the...
NSE:ITC
Observations:
1) On 1hr time frame, we can see it gave breakout of triangle pattern.
Please refer below chart : 1hr time frame.
2) On 1 day time frame, we can see it gave closing above the critical level of 265
Please refer below chart : 1day time frame.
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Trade Setup for 09-05-2022
1) Don't Jump in...
ITC has displayed strength during the past few weeks.
The chart shows that there has been good accumulation of this stock from around 206 levels, and it has found good support levels at around 217 and 230.
Today, it breached the levels of 246 on its way up and closed at 249.75.
The candles denote good buying and the price is above all major moving averages of...
I had given an outbreak call on ITC based on a condition.
Condition being, if it breaks above 175, we could see a big move.
Just look at the charts. It reversed exactly from the resistance. Now, it has moved swiftly towards the support.
There can be two trades here.
1. If ITC pierces through the support, it is a short below 166. Short at 166. Target at 157....
![ITC: Simple Trade Setup | ITC | 16/05/2022 [INTRADAY]](https://s3.tradingview.com/a/AMxfOv5c_mid.png "Simple Trade Setup | ITC | 16/05/2022 [INTRADAY]")
![ITC: Simple Trade Setup | ITC | 09-05-2022 [INTRADAY]](https://s3.tradingview.com/c/ChLc0jl7_mid.png "Simple Trade Setup | ITC | 09-05-2022 [INTRADAY]")
