ITC again on TrendlineHave consolidated few weeks on side ways and give a breakout on the same trendline.
Halfway on retest.
Holding on 365-368 support can reach new high in coming days.
ITC trade ideas
intradayBoth side potential
take trade on box breakout
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
if the breakout comes after 10:00 am then the probability of winning will be more.
follow risk management
do your own analysis
do workout
do meditation
start reading books
ITC - Multi time frame analysis with multiple patternsOn daily time frame, price is breaking the trend line and sustaining it with volume. When most of the stocks were falling, this stock sustained. On weekly time frame price is consolidating within a triangle.
Buy above 342 with the stop loss of 338 for the targets 346, 352 and 360. Intermediate resistance is seen at 345 - 346. Price will be completing the rounding bottom pattern at 357 - 361 level.
So we can see the triangle consolidation, trend line break out and rounding bottom(forming) patterns on the chart in daily & weekly time frame. Do you see any other patterns? Write it in the comments section.
ITC- Ready for an explosionMulti Year breakout happened in the stock . Have a support at 360 level. If it bounce back from there , then we can expect a good move.
ITC looks attractive! LTH BullishITC looks attractive!
Fundamentals : Elephant FMCG, Strong, Consistent growth on Sales, Profits, EPS.. Cash Rich - High Reserves Vs Low/No Debt. Healthy Dividends. FII and DII loaded Trucks..
Technicals : Very Bullish, LTH Broken decades range, Back in Inclined Wedge..
R1: 420
R2: 470
R3: 520++
SL: 320
intraday / consolidating in a RangeBoth side potential
wait for 15 min candle closing outside of box
Targets:- for upside use pivot points indicator
for downside 374 will be the target
if the breakout comes after 10:00 am then the probability of winning will be more.
follow risk management
do your own analysis
do workout
do meditation
start reading books
ITC Short termITC broke the ATM
strong weekly closing indicates rally may continue
concentrate for short term
ITC Ltd.ITC Ltd.
C&H Pattern: Yearly Basis
P&F: Monthly Basis
C&H / P&F: Yearly Price Trendline: BreakOut.
Strong Vol. Consolidation / Further BuiltUp
With Upside, Trail SL
Book Profit as per Risk Appetite
Snapshot
Estab. 1910 (113 Yr old Group). Present in FMCG, Hotels, IT, Paper, Paperboard, Packaging & Agri Business. Resourceful Group. Substantial Value Unlocking Potential in Subsidiary Business. World-Class Manufacturing facilities. E-Com play in Agri (+ve Results).
Stable Taxation, New product launches, Healthy pipeline of properties, Strong consumer demand / Ongoing Wedding season (+ve for Co.)
Sales / Profitability: Growing on Yrly/Qtrly Basis.
RoA/RoE/RoCE: Continuing in higher Double Digits.
Strong leverage, +ve CF from Ops. (likely to Continue).
Improving WC Cycle.
High FII/DII holdings.
Concern:
Continuous increase in taxes on Tobacco business.
Do Your Own Research as Well. This is Just an Opinion.
Happy Investing :)
ITC pullback and spike itc possible pullbacl from the resistance level at 340 to 336-335 level, retesting the trendline. if treendline support not broken can see itc breaking 340 level to 345 in the coming week
ITC LTD ANALYSIS v4.0ITC LTD. LTP 380.65
BROKEN important res 368. I expect more bullish moves in the coming years.
BULLISH FOR 500/700/1000?
ITC breaking long term resistance?ITC breaking long term resistance?
ITC on the the Monthly chart is at a long term resistance levels of 380?
Greenline from the chart is the long term resistance levels. Had broken once but didn't sustained in past.
If moves above decisively then will be in blue sky zone.
No recommendation, just my view.
ITC LongITC near ATH
Reversal can be seen following bounce-back along with some possibility of sideways for few weeks as well.
Long is for sure though.
Fundamentals: Good
Technical: Channel rising
Dividend: Good
Target: 367/412
Resistance: 323/308
Time Frame: 6-12 months or more (Upside)
ITC - TRADING RANGITC : Price is trading in a range.
Nice pinbar formation on a week day indicates strength.
SL & Target given in the chart.
Cheers,
priceNpedia
Massive buying in ITC | Planning swing trades I daily make educational content videos for financial markets on swing trades and ideas for learning purposes only
Good accumulation seen in ITCITC showed immense strength during the budget 1-02-2023 when Index fell heavily. Study the chart and consult your financial advisor before making any decision. This is not a buy or sell recommendation.
Itc bullish trend line T1 370
Short term stock keep watch it ☺️☺️
Upcoming day big opportunity
Budget impact more positive
ITC in BOXITC creates a box on weekly time frame and when it breaks the any side then gives fast move we have seen RSI is showing the coming up side on daily timeframe.
ITC has turned a buy, budget might help itITC is showing positive strength, and looking a good buy, given the budget expectations, it might outperform the market, its only for education purpose.
ITC Breakout SoonITC Daily TF Chart. Where Nifty Breaking down its support levels, ITC Shows strength. Watch this stock for Upcoming Trading Sessions
