ITC: Breakout NSE:ITC
Levels mentioned in Chart.
Note: Not a SEBI Registered analyst.
Trade at your own discretion.
ITC trade ideas
I TWEET ITC ON OCT 8 DRAW PROJECTION FIRST LEVEL TARGET REACHEDHappy to say that i am beginner of learning stock market basics.I am happy to share my tweet itc level target 250 reached very inspire to motivational learning some more tricks.those who are seeing my tweet very heartful thanks.sairam
ITC Buy 252 TGT 258 SL 243Suggestions are based on my analysis only. Please do your analysis before taking any trade.
KUMVAKARNA IS WIDE AWAKE AT LAST!!!Everything drawn on chart. Hope followers/non-followers entered since my last post. Don't hurry to book profit. It will kill so many nay-sayers while fighting. JUST GO ON ADDING. I Nam almost sure that it will be converted into an impulse from the present A-B-C corrective structure.
Long term down trend line Breakout1. Long term down trend line Breakout
2. If Sustain above 247 on weekly closing.
We can expect 270 as short term target.
as long term as long term accumulate ..level pattern self explain..
decide on ur own today giving first strong move after long time
ITC in monthly chart starts to making Head & Shoulder PatternITC in monthly chart starts to making Head & Shoulder Pattern.
Trend reversal pattern in ITC.ITC took support at pivotal point 230. Now looks like moving upward.
Resistance levels
R1 = 244
R2 = 253
R3 = 267
ITC for swing trade and can also for long term 11 oct 2021buy
supporting
1.huge volumes in recent candles
2.rsi crossing up 60 level
3.20 sma band support
4. long consolidation in bull market
5.I have a high gut feeling that it will give a breakout of 240 level
cons
1. near fib resistance level
2.yet to break previous resistance line
keep an eye on ITC ......this can be very long term postion trade..b coz the analysis is based
on weekly time frame ........if u r entering in this .. have patience....
ITC ( LONG ) buy on dips for the target of 267 in short term we r moving in higher high pattern (UPTREND).
215-230 is buy range .
ITC Sustaining above 235 blast will soon before coming result itc buy at current price for positional stoploss 228 DCB target 245,250,260 levels
ITC has tested the upper resistance trend line forming @ range#itc in hourly chart showing the strength to break the resistance followed by the bullish wedge ...
Swing SetupEXPLANATION : This is a 1 hour time frame chart of ITC . The stock has been consolidating for days in a descending channel and formed Falling Wedge pattern , If stock taking support from Demand zone we buy at the bottom and sell at the top. I am seeing a very good buying opportunity in ITC because of many reasons . If give a strong breakdown and broke its Demand zone with high volumes and retest the same , I am bearish on ITC . Always be extra cautious with breakout trade with confirmations .
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228 is LOC!228 is LOC, which was previous Swing High. If it's respected on DCB, expect 245+ in October series.
ITC ShortI hope you can now see how ITC represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these charts are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
BUY ITC - POSITIONALBUY ITC ABOVE 215
TARGETS 228, 240++
SL BELOW 195 ON CLOSING BASIS
Disclaimer: All charts are for educational purpose. Please contact your financial advisor before investing.
Good Opportunity Bullish on ITC / Buy Stock on Retest...
Enter on Bullish Engulfing or Bullish Hammer.
