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#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 Long opportunityNSE:ITC Stock - ITC TimeFrame - Weekly Hello all! ITC has been facing stiff resistance from the Resistance Trendline since July 2017. It finally broke that trendline in 1st week of April. The next Resistance zone lies between the price band of 280 - 290. Hence ITC will most likely retrace after hitting that resistance zone and that would be a good time to accumulate because the stop loss will be quite small and it would make for a good Reward to Risk ratio. *NOT A CALL*
NSE:ITCLong
by Traders_Town
ITC - Trending back towards upper end of the channelNSE:ITC Currently trading at 198. Stock has moved up well and in heading towards the upper channel. It has also broken the resistance line and has given a break out. The immediate pivot is near 210 levels. Sustaining above 210-212 would move ITC in to a long term bullish phase and the stock can start its rally towards making new highs. I would recommend investors to take long term positions in ITC above these levels and also watch out for volumes to get better clarity. A weekly close above 210 would be a better bet to enter for long term.
NSE:ITCLong
by Mayur-TradingOwl
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
Simple Trade Setup | ITC | 04-05-2022 [INTRADAY]NSE:ITC Observations: 1) On 1hr time frame, we can see formation of triangle pattern. I have drawn resistance channel and support channel. Please refer below chart : 1hr time frame. 2) On 1 day time frame, we can see 265 will be crucial level. Please refer below chart : 1day time frame. ------------------------------------- Trade Setup for 04-05-2022 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 chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:ITC
by Trading_hawk