ITDC, from strong sector with simple horizontal line setup-One Simple Horizontal Line setup
-Setting up well with volume, Signal Candle (more than 5% move with more than 1M vol) suggesting institution buying
-Volumes kicking in
-Tightness
ITDC
ITDC BULLISH SWINGBULLISH BREAKOUT with huge volume.ITS consolidate more than 3 months. The breakout after 3 months with huge volume
India Tourism Dev: Uptrend Beckons After Multi-Year BreakoutAnalysis:
The provided chart of India Tourism Dev (ITDC) on TradingView depicts a promising breakout opportunity. Let's delve into the details:
Current Price: ₹838.90, significantly above the multi-year resistance level of ₹715.00 marked by the blue line.
Breakout Confirmation: The recent surge past the resistance zone, accompanied by strong volume, signifies a potential trend reversal from resistance to support.
Uptrend Momentum: The sustained price increase after the breakout indicates continued buying pressure, suggesting further upside potential.
Trading Strategies:
Aggressive:
Enter long if the price closes and sustains above the current level (₹838.90) with persistent buying volume.
Implement a stop-loss order below the breakout level (₹715.00) to manage risk.
Potential target prices could be ₹880 and ₹920 based on chart patterns and Fibonacci extensions.
Conservative:
Wait for a potential pullback towards the breakout level (₹715.00) or within the previous consolidation zone (₹600-₹715.00).
Enter long if the price finds support at the pullback zone and exhibits bullish reversal signs (e.g., hammer candlestick pattern).
Utilize a stop-loss order below the pullback low for effective risk management.
Additional Considerations:
While technical analysis is insightful, remember that the stock market remains inherently volatile.
Conduct thorough fundamental research to assess ITDC's financial health, industry outlook, and future prospects before making investment decisions.
Implement prudent risk management through stop-loss orders and appropriate position sizing.
Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Please conduct your own research before making any investment decisions.
ITDCEM buy Near 160 Breakout DoneITDCEM buy Near 160 Breakout Done
Sl 140 Closing Basis
Target 180 & 220
ITDC MULTIBAGGER STOCK ??!!!Fundamentally Good stock with quality parameters improving a lot !!!
Technically,
1. ITDC has given a weekly breakout with superb volume out of triangular pattern .
2. SL and Target levels mentioned in the chart.
3. Inverted Head and Shoulders pattern .
4. Evolving channel pattern.
Let's Wait and Watch how its going to move !!!!
Note - Just Sharing my view....not a tip nor advice !!!!!
ITDC on verge of breakout
#ITDC
On verge of breakout after long long time.
Will wait for daily candle tomorrow and enter based on the momentum.
Keep on your tracking list.
#vr
Ascending triangle patternAscending triangle pattern looks bullish and stock also from tourism sector which will shoot up after covid
#TFCILTD CMP75.55 #Target 108.85 #ITDC #IRCTC #SBICARD #PFC #REC#TFCILTD
NSE: TFCILTD
Long Term Investment
CMP 75.55
Target : 108.85
SL : 67
Timeframe < 60 Days
Can hold for longer time
Factors:
Trend Following
Inverted Head & Shoulder Pattern.
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
India Tourism Development CorporationThis Stock looks good at level 350+ for next target of 390 in short term from today.
Volume is good as well.
Can be traded with stop loss of 330
Note: Taking position on this script is at your Own risk and Cost. This is my understanding on this script basis what I analyze.
ITDC - SHORT TEARMLONG - FOR EDUCATIONAL PURPOSE Levels and reason mentioned in chart.- For educational purpose only.
