ITC trade ideas
Important Day for ITC tomorrowCHART -> ITC DAILY SETUP
ITC is near to it's trendline as resistance and at the support side near to 200 Days Moving Average. This factors can define short term paths for the stock.
Disclaimer: This is for educational purpose only. This is not any recommendations. I am not SEBI registered. Please consult your financial advisor before taking any action.
#ITC Cash : Looks good above 225.10#ITC Cash -Positional call
12 Jan 2022
Looks good above 225.10
Target 232/240
Stoploss at 219
(Resistance 225)
Cmp 222.75
ITC on a verge of 5 year breakoutITC down trend begin from Jul 2017. It's resistance line is about to break.
Long ITC....High Probability SetupITC
Cmp - 220
Stop - Nil, add on relevant dips
Expectation -
T1 - 235
T2 - 260, Review at 260
Expected Holding Period - 3 months or earlier for T1, 5 months or earlier for T2
View:- Swing/Investment
Disclaimer:-
Not a SEBI registered advisor
Ideas being shared only for educational purpose
Please do your own research or consult your financial advisor before investing
ITC as last 2 time making hard again an probability ITC near support area and giving it a chance
to move up and make a pattern .posted only
as a probability to learn technical and chart pattern analysis
market always risky
confirm from expert at once end technical and fundamental of any stock before taking action.
risknis ur decission is ur . view comment welcome to learn and inhance techniy learning
itc itc m bahut retailers invest kr rkha h isko halka hona padega 2 digit ngt in itc let see prediction goes well or not
Doji forms in resistance zone: ITCDoji forms in resistance zone: ITC
Detailed analysis given on the chart
NSE:ITC
ITC Bouncing from supportITC has taken support and now is ready to move up. Hence it can be considered for Long position.
ITCITC make double bottom pattern and break out, if retest and make bullish candle then good for longs
ITC - Swing Trade - Target - 230This looks like a good swing trade. It looks good on the daily as well as weekly chart. Good buying volumes can be seen today. It also broke 200 EMA. It has also broken all resistances on shorter time frame.
Best of luck :)
Its Good time to have a look at ITCITC is Just at Retracement Level, It may pullback and become bullish anytime. ITC is not a stock Which gives high returns but for swing traders this may be the good opportunity to get some 5 - 10 % Profit.
-The Famous Biriyani price large cap stock-. NIFTY50The famous Biriyani price large cap stock. The potential to give Biriyani to the investors. We all witnessed how the famous ITC meme stock shot up. after breaking out of the famous 200–220 range. Now it's back to the range. Even though we all know we are officially entering the correction phase. looking at the chart, the current level looks good technically.
ITC 200 to 220 level is a very important consolidation range; we only need to be concerned if the ITC falls below 200; otherwise, it is good to average in this correction phase. In the daily time frame, it respects both the trend line and the fib line. It is now nearing 0.5% in the fib line. Any change in sentiment in the NIFTY50 can be expected to have an impact on the ITC. Many analysts are bullish on the stock. But the stock price was dragged down by the disappointment of the analyst meeting. Keep ITC on your radar and the support levels. However, because we can include this stock in our long-term portfolio at a reasonable average price,
Long-Term investment buy ITC - FMCGLooking forward to add ITC in the 218 -208 Zone for long-term Investment portfolio
ITC is traded in Channel for longITC is being traded in a channel since last one and half year. Recently, It has touched lower line of cannel.
Bullish View :
Currently it touched lower line of the channel
Currently it is traded in support zone
It is taking support of 200 SMA on daily chart
]Point of worry :
200 SMA on weekly chart is resisting upward movement
Touched support line with increasing volume
It has possibility to breakdown. If it breaks its support, it may fall till 200
Trading Suggestions:
Long:
Entry : Wait for reversal pattern and take entry above confirmation candle on daily chart
Stop Loss : Below nearest swing low
Target : T1- 238, T2- 245, T3- 262
Note: Wait for reversal pattern. If it confirms, then and only then take trade.
Disclaimer: I am also a learner. It is my view. Please analyze it yourself before you initiate the trade.
ITC.. Long on reversal CandleITC.. Long on reversal Candle.. All details in the chart.................
ITC!!! - It's about high momentum moveEverybody knows about fundamental, based on fundamental every one giving their view to buy this stock.
If you are a momentum trader you should wait to break 280 level. It may take 2-3 months time to break, then stock should fly.
It's educational purpose, not recommendation.
