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ITC LTD.ITC LTD.ITC LTD.

ITC LTD.

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ITC trade ideas

ITC breakout with volume and Elliot wave countsThis stock has been under performer most of times, but now the way chart is formed is a good sign for bulls, now it may do out perform against market also. On daily time frame it has given good breakout along with good intensity of volumes, also trend indicators and oscillators are in favor to go long, Overall wave structure is also suggesting same bias as a bullish views. Some highlights are shared below as a snapshots. Breakout with good intensity of volume on daily chart Wave counts and all the key levels are mentioned on chart, along with stoploss and targets. MACD in weekly positive above zero line MACD in daily positive, uptick and above zero line RSI breakout on daily along with uptick above 60 & 70 levels RK's mass psychological cloud and RK's stop line both are suggesting to go long Price is above upper Bollinger band in daily chart, good momentum can be seen ahead DMI and ADX in daily chart both are in favor to go long, both are positive Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Disclaimer. I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
NSE:ITCLong
by RK_Chaarts
2
Itc shows Golden opportunityItc Giving opportunity which comes one in many years, how?... let's do analysis _ 1. EMA 20/50 crossover on monthly, simple but very effective way to enter in any stock for long term basis, last time it gave crossover when itc was at 15 rs(2003) , n gave exit (reverse crossover ) at 255rs(2020), now again on monthly it gave crossover, a perfect point to enter for long term regular investment or sip, any which ways. 2. Rsi 60 up on all time frame -D/W/M (super bullish). 3. A long _long consolidation phase of 9 years , it is moving in a range since 2013 , and now I observe it is shifting back to bigger channel(yellow), and very close to break its all time high, after that there is a open sky for itc to fly. 4. Above ema20/50/100/200 on D/W/M time frame. Conclusion- as per channel target I see itc in 4 figure in couple of years , a very reliable stock , can do sip, one time investment for years Note. If expecting short term wonder this may oy may not fulfill expectation but yes if your horizon is 3-5 years at least, can see wonderful results, I see 3x -5x return in this stock in long term.
NSE:ITCLong
by praveshk2
4