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ITC LTD.ITC LTD.ITC LTD.

ITC LTD.

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ITC trade ideas

ITC going to break its 52 week High?If you observe chart you can see a falling wedge pattern in ITC after an Uptrend. Generally in such situation there is a major chance for trend continuation after Falling wedge pattern successful breakout. Here I have marked A and B points that are nothing but the two points on the trend lines.Upper trend line is Resistance and Lower trend line is Support. So If ITC successfully breakout, how to calculate the target? Target = B - A = 239.65 - 204.35 = 35.30 Roughly you can expect 30 to 35 rupees target. (If trend continues we can get more.) Where to take entry? If stock shows breakout , wait for a confirmation candle. You can also use MACD , RSI indicators for confirmation. If in worst case, stock breaks the support, it can fall further. Consider this stock for a long term as this stock is commonly known for a slow moving stock. Stock is fundamentally strong. Stock has a great dividend-bonus history. The Company operates through different segments FMCG, Hotels, Paperboards, Paper and Packaging and Agri Business. We can expect some positive news for the ITC in current market situation because the Deliverable quantity for ITC stock is increasing day by day. So in future we can surely expect an Up trend. Disclaimer : This is my personal analysis for educational purpose. I am not sebi registered. Do your analysis before taking a position. I am not responsible for any profit or loss.
NSE:ITCLong
by AmeyKajarekar
11
ITC Intraday Trade Long SetupMy execution time frame zone will be 30 min time frame ... Location of this demand zone 30min demand is low on the curve ( i.e close to High time frame HTF zone ) here it is Daily Time Frame zone is my Curve Best thing is Our 30 min demand zone is near located to our Daily Demand curve hence Probability of this 30 min demand zone is high since I am plannng for Intraday I will take only 2:1 Reward -Risk ratio Disclaimer: Above Stock Analysis is based on Price Action , primarily on Institutional Demand and Supply . It is for Learning and Understanding Purpose. Even after a thorough research and Analysis a setup can fail due to any opposing News on the stock or on its Index or due to Market Volatility. Hence ,if you trade on this setup kindly Take Position(Quantity) as per your Risk Management. Happy Trading :)
NSE:ITCLong
by ahmedkhan5411
3
ITC ABOUT TO BREA OUT MONTAHLY TRENDITC is about to break monthly trendline. RSI looks positive . we can enter if it breaks and retest the line. Defensives' are in spotlight. NOTE 1. PHARMA index is about to breakout. ( Due to defensive play) 2. REALITY INDEX has been upside . ( under values stocks are bought and expensive stocks has been sold) 3. Good MONSOON is good for ITC. ( buying due to good results on the way) 4. their has been some sectoral rotation , might be INDEX BALACING. ( ITC is undervalued also weightage is high in nifty index). All above points show some good traction in ITC buying. although One should avoid treading but put option selling might be beneficial if bought with hedge.
NSE:ITCLong
by vaidhynathdubey
ITC - SAFER AVENUE - BETTER RISK REWARDVIEW :- CLEAR BO ON THE MONTHLY CHART & FORMING A UPWARD CHANNEL, LESS TO LOOSE FROM HERE, SAFER BET SHOULD BE PART OF ONES PORTFOLIO DISCLOSURE This is only for educational purpose This is not a recommendation I am not SEBI registered Do not TRADE/INVEST basis what I publish here I am not responsible for your loss or gain It is prudent to assume that I have ulterior motives in publishing this Idea I and my clients might or might not have a position, I and my clients might or might not have a opposite position
NSE:ITCLong
by UnknownUnicorn18432447
ITC Long Position in CashITC is has created a symmetrical triangle after falling in COVID Crash and currently resisting at around 240, which is near to falling trendline resistance on the monthly candle bar. Considering a long consolidation of the past 6 month has created a strong base of buyers. If stock retraced around 215-225 then, buy in small quantity till to 245 will be a good investor move. Above breakout of 240-245, buy-on dip should continue till all-time high breakout. Above all time break out, conside a TGT fpr 600-630-650 as profit booking zone. Time is not considered but since, all stock had bull run then ITC, possibly a new high of CNX Nifty could come with support of ITC.
NSE:ITCLong
by UnknownUnicorn15746477