ITC Short termITC broke the ATM
strong weekly closing indicates rally may continue
concentrate for short term
ITC trade ideas
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
Introduction to market structureHey everyone!👋
In this article, we'll dive into market structure, providing insightful examples to enhance your understanding of this concept.
Please remember this is an educational post to help all of our members better understand concepts used in trading or investing. This in no way promotes a particular style of trading!
Market structure is a basic form of understanding how markets move. It can be seen as the flow of the price between a series of swing highs and swing lows.
The market moves in trends. These trends are nothing but a combination of different structures.
The market structure allows you to be in sync with the market and avoid counter-trend trading, which enhances the probability of your setups.
There are broadly 3 types of structures:
1. Bullish (Uptrend)
2. Bearish (Downtrend)
3. Ranging (Sideways)
Illustration: Bullish market structure
Illustration: Bearish market structure
Illustration: Range market structure
📈 What is an uptrend?
✅ Characterised by a bullish market structure.
✅ Formation of higher highs followed by higher lows.
✅ For an uptrend to stay intact, it must preserve its ascending structure - higher highs must follow higher lows.
✅ Lower highs are allowed if the price goes into compression or re-accumulation.
📉 What is a downtrend?
✅ Characterised by a bearish market structure.
✅ Formation of lower highs followed by lower lows.
✅ For a downtrend to stay intact, it must preserve its descending structure - lower highs must follow lower lows.
✅ Lower highs are allowed if the price goes into compression or re-distribution.
⚡ What is a range?
✅ A range is a zone where the price finds itself bouncing between two levels.
✅ These levels are - range high and range low.
✅ The size of the range is dependent on different factors such as asset class, demand-supply, volatility, etc.
A lot of times, the structure won’t be as clear as you want it to be. Conversely, sometimes the structure will replicate the textbook. Hence, you need to be flexible in your approach.
Sometimes, trading in range-bound markets can be challenging due to the choppiness in price movements. However, when the price action is more defined, some traders may prefer to trade the range by executing breakout trades or mean reversion trades from the range high to the range low or vice versa.
It is better to combine market structure with other concepts/indicators for better results.
Thanks for reading! As we mentioned before, this isn't trading advice, but rather information about a tool that many traders use. Hope this was helpful!
See you all next week. 🙂
– Team TradingView
Feel free to check us out on Instagram , and YouTube for more awesome content! 💘
Gann Box theorythis is the Gann Box Strategy. crossing the 50% level and then 61% level is very important for any stock see in this video how after crossing the 50% and 61% level it gave a sharp rally and then again it kissed the 75% level... but if you go back to the chart previously when it rejected from a high of 300 it was actually 61% level which was not crossed and as such have not gave the rally but this time if it breaks the level of 361 which is 19 square it a new box journey will start and you can wait for the next level of 21 square i.e., 441.
Thank You
DOUBLE BOTTOM FORMED ON ITCITC formed double bottom if it break neck line buying opportunity will created..
Contra Bet on ITC. Will it work?NSE:ITC
I have a detailed analysis on this stock and also know that many investors are frustrated holding this script. It is also clear that demerger is not happening anytime soon so we do not have a comfort for value unlocking from this parameter. But in a contra bet, script has a strong Fundamentals. According to the chart patterns, stock is trading at the lower range of bollinger band. This provides an opportunity to Buy at lower edge (Not trying to fish the bottom). Medium term trend suggests a direct hit of Rs.275 in 3 months. Fundamentals suggest risk reward ratios are favourable at current levels.
The idea shared is only for educational purpose.
ITChovering above major trendline , 339 will act as make or break level . keep an eye 353 on board . place sl at 332
