Triple bottom in ITCPrice is forming a triple bottom pattern with a base of 325-326. 330 PE of Jan expiry trading at Rs4.30 has highest open interest. Indicating 325 as an important level.
ITC trade ideas
ITC Make or Break ??!!!!!Chart Pattern itself explains well about the technical situation in ITC.
1. Channel from feb 2022 seems broken [/b ].(we need the next day candle confirmation for a definite move downside)
2. Bearish flag pole pattern (11th nov to till date) roughly gives a target a 18 points down side.
3. Fib levels too broken.
SL and Target levels are as mentioned in the chart.
Volume seems to be the concern for the channel breach candle downside .
Monday's candle seem to be important for the move either side. Wait for it and then Plan your trade.
Let's wait and watch!!!!
Note: Just sharing my view....not a tip nor advice!!!
we see 300 or more down in ITCas per the chart, it seems that we will see a 300 or more low in ITC in the coming days
buying around 292 will be a good opportunity for getting a nice return in short period
#ITC - Bullish harmonics pattern. Lets expect a good up #ITC - Bullish harmonics pattern. Lets expect a good up
ITCITC had completed 3 of higher degree and now it's in wave 4. Wave can go upto 320 to 300. So Buy in this Range and Tgt would be 380/400...SL 285
#Itc cash : Looks good above 345.10#ITC cash -Positional call
13.12.2022
Looks good above 345.10
Stoploss 337
Target 358-360/370
(Make or break level 334)
Cmp 337.25
ITC 1D treakoutITC 1D Bullish, possible breakout.
1. Double bottom formation
2. Daily trend line breakout
3. monthly resistance testing
Good to go after 345 breakout with support at 334.10 and target 360 and 380.
Wait and watch. Analysis.
Double bottom on daily chart
charts seems to formed double bottom on daily chart.
Likely to breakout and could touch 370 in coming days.
Positive cues : growth in rural premium product(comment from managements) , Inflation has been soften and Holidays are upcoming so its positive for hotel business of ITC as well.
for Positional view :
Target : 346.9/350.35/354.80/368
SL : 336.5
Duration : 1-2 weeks.
ITC - DAY CHART - 07.12.2022 - BAHAVAN CAPITALITC as per Day Chart Analysis Stock ABOVE 345 TARGET 348.
Today 07.12.2022 Again FII Net selling continue to 1241.87 Cr and DII Net Buying at 388.85 Cr.
There is a Possibility for Nifty to touch 18425 Level. So lets wait and watch...
Happy Profitable Trading to All...
#ITC Cash : Looks good above 345.10#ITC cash -Positional call
05.12.2022
Looks good above 345.10
Stoploss 337
Target 358-360/370
(Make or break level 334)
Cmp 337.25
Bearish Divergence in ITC ?Seems like a prediction against the current market stance, but TSI is falling while price is rising. Can be a false signal too.
ITC : Rising from the Trendline SupportITC : multiple support at Trendline
>> Rising from trendline
>> Good strength in stock
>> Delivery Percentage rising
>> Volumes building up
>> Perfect Swing trade candidate but it might test your patience.
Happy Trading !!!
ITC buy and hold moving towards all time highNSE:ITC
ITC 26.11.2022
CMP 340
ITC formed a demand zone at 325 -333 and retested it , It is getting support at this price.Buy and hold for the first target of 360 then a new ATH. time frame 6 months.
Disclaimer: Analysis is for training and education purpose. author may enter in trade, take your own decision , This is an trading idea not an trading or Investment advice. consult your financial advisor before investing.
ITC - Cup n Handle breakout - 7% upside potentialITC looks to be giving Cup n handle breakout at 351-353 levels.
It has to give HRly candle close above 353 to confirm the breakout.
Target: 375+
SL: Hrly close below 348
ITC LOOKING FOR A GOOD SHORT OPPORTUNITY | SELL @ 354 - 355ITC 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
Long entry in ITC at 1 hour time frameThere is a divergence at 1 hour time frame, You can target for 360 or 370 easily.
