ITC, One of the ICON of Indian Stock market . It's one of the stocks which is performing exceptionally well in comparison to MNC's like Reliance, TCS etc. Even after the fall of 10% from the recent highs, the stock is still on undecisive on trend. As there are no strong supports till the price levels of 370 we can expect a another 2-3 months of consolidation...
ITC has exhausted its bull run and indicating divergence on daily chart, Elliot correct wave is also due for further up move. This can lead to fall of ITC below 400 by Aug'23. We can initiate short trade once white line breaks, or we can do now also with SL of 458 Disclaimer - The above idea is only for education purpose
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...
NSE:ITC is looking weak on daily and weekly charts. ADX just crossed 25 ( threshold that I consider ) for directional movement. The downside momentum can continue for targets mentioned on the chart as T1, T2 and T3. The conviction comes from simple price action setup ( weekly doji close and the current week candle closed below doji close ) and open interest...
ITC losing momentum and looks weak if sustain below 370 for the marked targets with white line. To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
ITC Ltd. Daily Chart Short Breakout an d 50 days EMA
ITC looking good to Sell @ 354 - 355 for great Risk Reward with SL of 367. To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
ITC after long support of 20DMA now closed a candle below 20DMA in the 1-day chart. On the lower side, we can see a trendline breakdown too and 50 DMA is our next TARGET. Also, 10DMA crossed the 20DMA in the 1-day chart now we can trade for short up to lower support line. The evening star candle was formed, showing a downtrend later on a Doji and a gap down...
I'm new to smart money concepts but if a selling is seen in next 1-2 months,I see ITC falling to 135. What do you guys think? I'm wrong ?
ITC CHART Analysis Short idea Head & shoulder pattern breakout and now Iy Retest
ITC is ready to take the holy dip below its March 2020 low of 134.60, this will be last fall of the decade for the FMCG / Tobacco giant resuming its major bullish journey NOTE - consult your financial advisor before making any investment decision on my view
ITC gave a 50% retracement with two inverted hammer with Stochastic NCO Decent Trade for next 10 days. SELL 235 CE @ 4.50 BUY 240 CE @ 2.40 Total : 2.10 = Approx. Rs. 6720 /- (2.10 * 3200) Required Margin in Zerodha : Approx. Rs.50000/-, Final Margin : Rs.35600/- %Profit = 6720 / 35600 = 18.87%
ITC has been in an uptrend since last year.. It is now confirmed to be trading in a rising wedge formation in medium term and in a descending triangle formation in short term... Both have bearish connotations.. Volume oscillator also has downtrend.. 200-205 levels have been extremely strong support in the past..but strong support also means strong resistance......
ITC weak structure sell below 200 Target 188
ITC can be Good Swing for a shorter Period of Time . . . DM for your Enquiries
ITC reached one of its strong support regions. Keep an eye on ITC for breakout opportunities or swing trade.