itc buyNSE:ITC
its price channel pattern and given breakout with good volume and crossing rsi 60 gives good hope for long
Note: I'm not a Sebi registered guy, Consult ur analyst before investing
ITC trade ideas
itc having a breakoutbreakout in resistance trend line, good volume, taking a leap on monthly resistance,
long itc for tgt 230double bottom
reversal done
entry can be taken
low beta stock thus less risky
#trading view
ITC - The stock completes consolidationThe Idea is to go long. Targets and Stop loss shall be based on your risk taking capability and style of trading
A Small retracement can happen to test back the Support so be cautious and take entry as per your own analysis
If you have any doubt I'll be happy to clear it out.
:)
ITC Long View on Weekly basisImmediate support is seen at 200. If it closes below 207, then chances are there it will reach 186 and thereafter 167. If it reverses, it may reach 234 levels within June
ITC LTD NICE BUYING SETUPHi Guys, There is a correction forming in ITC Ltd for upside move to the levels of 266. upside move might just touch that level and go back down. so be cautious about that nothing major here just very technical buying pattern buy till break those levels and get out.
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itc looks very bearish for longterm.............................itc looks very bearish for longterm.............................
ITC ltd looks good for swing/positionalITC ltd looks good for swing/positional,
As visible in the chart itself, there are some important levels are marked.
&
It can be taken as Swing/positional trade,
Reasons :
1) Higher high structure on the weekly timeframe
2) reversal possible from this level
3) Good R: R ratio which is around 1:2
Sl can be around 194 for targets of 235/265/320++
Trade on your risk...
Only for educational purpose....
Happy Trading....
ITC ITC CMP 221
We can see a bearish flag,
with the breakdown and retest ...
Now sustaining below 219, we can see more downside
would keep sl of 222
Just a View!!!
ITC SWING TRADEItc coming from Weekly Demand zone
Making higher high
Small supply zone around 225 in daily timeframe but its one time tested.
Nifty Fmcg is also approaching daily and weekly demand zone.
Now If price respect daily timeframe demand zone it can go up to 235 for short term swing trade and 250 in times to come.
ITC The long wait comes to an endYou can see the long consolidation of ITC and recent fake breakout of the stock and the fundamental of the stock is good so its a very good long oppurtunity for a minimum of 60%, lets hope the long wait ends...
[Positional] ITC Bear Flag Pattern Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
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ITC TREND LINE BREAKOUT - SWING TRADESwing trade for 1 week
Buy ITC at 224.5
Stop loss - 221
Target - 233
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
