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ITC trade ideas

Late night Technical analysis talk - 15 STOCKS We discuss potential stocks provided by you guys only in my DMs and comment sections so give your stocks in comments and DM me for tomorrows video :) 👑 Terms used if you don't know : ✣ Contraction pattern: A pattern starting with a broadening high candlestick and low candlestick and converging to a fixed point, these highs and lows created in between them are bulls vs bears fight going on inside the pattern and if it comes to the lower part of it, surely bulls will take it to the topmost point and vice-versa until one of them wins ✣ Structure and trend: Two types of trends that exist in the market today are uptrends and downtrends. Each type of trend tells a different story and has its own impact on a trader's success in the market. While uptrends show a series of higher highs and higher lows, downtrends show lower highs and lower lows ✣Breakout: Breakouts are commonly associated with ranges or other chart patterns, including triangles( HERE WE WILL SEE THIS ONE ), flags, wedges, and head-and-shoulders. These patterns are formed when the price moves in a specific way which results in well-defined support and/or resistance levels. Traders then watch these levels for breakouts ✣ RSI DIVERGENCE: A bullish divergence occurs when the RSI creates an oversold reading followed by a higher low that matches correspondingly lower lows in the price. This indicates rising bullish momentum, and a break above oversold territory could be used to trigger a new long position. ✣ Supply/ Demand: In the supply zone, the prices are higher than the bid price, and in the demand zone, they are lower. The bid price is what a trader is willing to pay for a stock 👑 Important levels - explained well 👑 Comment your thoughts and queries regarding anything on this analysis of mine, feel free buddy :) ⌛ Motivational and psychological area ⌛ ✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only. ✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow ✣Don't lose hope and keep grinding ✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily. ✣Focus on the process, you are here to make money not stupid decisions and lose it all ✣No one will help you climb the mountain, few will tell the path, so follow good people, make good mentors and make good decisions and choices in the stock market. ✣Believe in yourself :) 🎓🎓 Some info about me :) ➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all. ➼I hope you will love my simple analysis style. ➼Feel free to suggest your view on this as learning is earning here :) ➼I take my trades on my Zerodha account :) ➼I don't take all the trades I post ➼These charts are my and only my work, my thought process, just from an educational point of view and no calls
NSE:ITCLong
by Averoy_Apoorv_Analysis
22
ITC Next Gen MultibaggerITC - A Giant about to get un-shackled Cmp 209.55 ITC is going to split into three companies in next 12-18 months. The three companies which are likely to get formed are: 1. ITC Cig Division 2. ITC Hotel Division 3. ITC Agro & Consumer Division Fourth division which is Infotech likely to get sold as it is not a focus area for company. Current market valuation for ITC is Rs. 2.60 L crore and after split or Demerger (in next 1 year), combined valuation of all three newly formed companies is estimated to be approx 5.0 L Crores (this means ITC share brought today at Rs 200-215 level, will have combined value of Rs. 385-405). Once this Demerger is done, ITC Cig Division share will get highest valuation, followed by ITC FMCG share and followed by ITC Hotel Division. Bonus also is due in ITC and it is expected that after Demerger process gets completed and selling off of Infotech Division, the money received from sale will be utilised to give haftey dividend (for ITC Cig Share) or even possible bonus. Currently, ITC share does not get proper valuation simply because 60% of business still comes from Cig division and there are lot of FIIs and large investors, who normally give less valuation to cigerate businesses all across world (due to their ethical philosophy), so once the Demerger occurs, other divisions ( mainly ITC Agro & FMCG business) will get much higher valuation in line with FMCG business and this share value will go much higher. (Tata Chemicals merging it's salt business to Tata Global to form Tata Consumer Products is classical case study for getting such valuation. One can see that one & half year before Tata Chemicals was trading at Rs. 625 levels and Tata Global was at Rs 325 levels. Once consumer business of Tata Chemicals got merged with Tata Global, Tata Chemicals now is trading at Rs. 750-760 levels, while Tata Global Trading at Rs 615-620 levels, thus giving 120% returns to Tata Chemical share holder). ITC Hotels business manages large amount of top quality hotels in India and abroad and also has huge land bank and this will give rich valuation to ITC Hotel business as well. Analysts are infact expecting ITC FMCG business to become like Hindustan Unilever in next 6-7 years. So, Analysts are expecting an ITC share which is trading at Rs. 205-215 levels today to have valuation of Rs. 1500-2000 (combined value of all three demerged shares) by 2026-27.(5-6 yrs from now). Since Demerger process has just started in ITC and Demerger process takes close to 12-15 months (because of lot of regulatory approvals are needed), for next 8-10 months or even one year, one may not see a huge increase in ITC share price & in fact it may remain in Rs. 215-275 levels even in December 2021, but main game will start after December 2021. Last quarter for first time in life , ITC uploaded its business performance presentation on their website and gave a real peep into ITC as a Coglomerate. But, if you have Rs. 25,000-Rs. 30,000 to spare (money which can invest and think lost for some time like you do when you buy LIC Payback policy) & spare it for next 6-7-8 yrs, then invest them in ITC at a share price of Rs. 205-215 levels in coming days (if you get at lower levels close to Rs. 190-195 it is better). You will not only get benefitted but possibly you will celebrate your 60th birthday with a major bang. I will not be surprised if your Rs. 25,000.00 invested in ITC may be valued at Rs. 4.0 - 5.0 L by then. (Your investment will be 18-20 times in next 7 years) But remember, to get such gains, patience is the key, especially in ITCs case. It is a giant, who takes time to pick up speed, but once it starts running, it will shatter earth & ITC management has just made up mind to let the giant be unshackled and run loose.)
NSE:ITCLong
by Mahesh_Walse
1