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 trade ideas
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.
ITC Possible Descending Triangle Pattern ReversalThis is a trend based analysis of NSE:ITC . Price has not fallen off and has taken support at the MLY Support level multiple times. Although the pattern is almost covered by the price, it has not been bale to break the Support level. It looks like either a bullish break out is possible or strong price consolidation is taking place. As the stock is fundamentally a good value stock and only one of the big major FMCG companies to rally, it is a good point to accumulate the stocks at current price until the MLY Support is not broken with confirmation. Also, RSI is showing an uptrend movement and a value of 55 should trigger the breakout.
For those who are risk averse, note that price below 196 is complete exit which is the WLY Support zone. Keep this as SL.
Indicators Used:
RSI - default parameters
Trend lines at different timeframes.
Support - Resistance levels at different timeframes.
Disclaimer: This is not a recommendation. It is a guesstimate of where the price may be down the line. Please use this for your further analysis and based on your own analysis and risk management initiate trades accordingly. I'm posting this as a means to share and improve my knowledge and receive knowledge from others. Comments and suggestions are welcome as long as they are informative and helpful.
Intraday opportunityBuy around 233.70 or at 231.75 for tgt of 235 -37-40 sl below 229.. just a view better seek professional advice..
ITC- 212.4ITC- CMP 212.4. It has made bowl formation and if breaks above 213.7 then it can go up to 225. On previous day it went up by around 2% with almost double volumes. Results are also not bad. It can be taken at current price of 212.4 with a sl of 205 on closing basis for a target of217, 220, 226, 234. RSI and MACD, volumes are favoring. This is for educational purpose and any buying shall be done after consultation with finance adviser.
Levels for - 04 Oct 2021EXPLANATION : This is a 1 hour time frame chart of ITC , It has formed Symmetrical triangle pattern ; A symmetrical triangle chart pattern represents a period of consolidation before the price is forced to breakout or breakdown. A breakdown from the lower trendline marks the start of a new bearish trend , while a breakout from the upper trendline indicates the start of a new bullish trend . Both side levels marked in chart.
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ITC near Breakout 15M ITC is creating a Symmetrical triangle. it is also at very crucial level ie. 237 which wal acting as a resistance earlier but now acting as support for it.
200 days EMA is also near about 235. if ITC will break this pattern with high volume profile either side we can take position
you can go long above 240 and for short enter below 235 increased volume profile is must.
ITCMight retest the trendline...can add half quantities at current market price and remaining quantities at pullback between 228-230 range.
Will ITC be mooning soon? Buying opportunities..Looking at the chart, 234-240 had been a crucial level for ITC. For carrying up further or taking positions we might want to see its reaction to this zone. So, Go LONG if ITC sustains over this range or consolidates as it can give a good move towards 300 or above. Somehow if ITC breaks the zone towards downside, you might want to average out or buy at dips b/w 204-216. ITC must sustain over the current zone or show rejection from sellers for further rally. Before this huge move it had also formed up a Triple Bottom few days back that showed reversal and so it went pretty well. Here we will be getting up nice buying opportunities according to the setup.
ITC dominated by resistance trendlineClear case of resistance trendline coming in way of ITCs rise. It can break soon and move up towards the second resistance trendline whereas a u turn would continue the downtrend upto 195 levels where it can find support in the parallel trendline channel
ITC 😎ITC target reached of 17% check related idea down below, I posted when there was a trendline breakout.
