ITC - Positionally it is bullish trendAs per the chart, movement, volumes
we can be concluded that stock can be move towards 440-445 in days
ITC trade ideas
ITC BAT pattern 48 days EMA line has broken.
if falls continue next support 393
370 strong demand zone and 52 week low.
It is just a view, please trade at your own risk. I'm not SEBI registered adviser.
ITC - Looks StrongFor long time ITC is Bullish and its in Bullish Flag pattern right now. Inside the flag area it has formed a support and its having minor resistance - R1, R2, R3, I think once these levels taken it could give spikes on upside which will support Nifty
ITC UpmomentumItc potential momentum.
This is just an observation not a recommendation. Its only if the degree of momentum continuous the targets can be achieved.
ICT- 4 ITC HAHA ICT=ITC anagram...
ITC currently has iCT concepts in play and I am expecting a target of 456. The first FVG formed around 412.. sadly I missed the entry. A continuation FVG formed at 423 where I have entered and am expecting 456.
ITC earnings can create volatility but set up is solid and concepts are in play
Yes price action has already happened but this is just to show you a new perspective of the market and how these concepts work.
Keep it Simple
ITC long term [ 6 Months]The stock market is abuzz with the recent bullish run of ITC shares, sparking interest and speculation among investors. This analysis delves into the factors driving this surge and explores potential implications for traders and stakeholders.
EMA 200 - Crossing
Mutual Funds holding - Dec 2023 -9.66% June 2023- 9.17%
Target 1- 455
Target 2- 480
Target 2 - 525
itc bat pattern and double top- the stock is failing due to BAT selling news announcement
- 3 block crows which is conforming the selling mode
- if the stock fall demand zone 1 and zone 2 are the important area to consider the stock
- demand zone 1 (370) is 52 week low
ITC NSE:ITC Reversal Candidate
ITC NEAR SUPPORT ZONE ON CHART AND RSI IN THE OVERSOLD ZONE
Can expected a shorting covering in the ITC. Because it's Rsi in oversold zone maximum down side possibility stock goes and test the level of 395. If it gives reversal around 395 then we can expect good upside.
ITC INTRADAYITC INTRADAY TO 2,3 DAY SWING
ENTRY - 427.6
STOPLOSS -425
TARGETS- 431,435++
Note- if any trade or value that's gone from the marked levels then that's not our trade just let it go or wait for it to come back
I'm not sebi registered this is my personal view
Please like or boost my idea if you like it or traded it
Thankyou
ITCITC
Keep an eye
Trend is reversing
Staying above 435 can bring in fresh moves towards 455/483
Nearest important support at 420
ITC a good share for target of 485 in near termThe ITC is having bullish on daily candle stick and monthly candle stick . It can hit target of 480 in near term 1-3 months
ITC ltd.itc ltd is sustaining at 400-404 highly demand zone from 1 month this zone also on golden ratio area where buyrs are intrested to boy buy @ this range and please put a stop loss 390 for a swing till 25 march target will 445-450
Momentum Swing Idea| ITC LtdITC Ltd
as you all know it stablished in 1910, ITC is the largest cigarette manufacturer and seller in the country. ITC operates in five business segments at present — FMCG Cigarettes, FMCG Others, Hotels, Paperboards, Paper and Packaging, and Agri Business.
Fundamental = strong
Market Cap ₹ 5,23,098 Cr. Current Price ₹ 419 Stock P/E 25.6
ROCE 39.0 % ROE 29.1 % Debt to equity 0.00
Promoter holding 0.00 % Quick ratio 1.73 Current ratio 2.73
Piotroski score 6.00 Profit Var 3Yrs 7.41 % Sales growth 3Years 12.8 %
Return on assets 23.8 %
This is purely technical analysis and perfect 21 day moving average support .Moreover company is in growing and stable phase .keep in radar .
monthly RSI above 55 and its seems to be reversal signals . if market in uptrend move than this stock will be in uncharted territory.
Note: I am not SEBI registered financial Adviser. I solely present my views on chart .I do not charge any kind of service. This is not buy sell recommendation.
If you like my ideas than like boost and follow me for more ideas.
Thanks and comment freely
ITC Breakout ITC can show V-shape recovery to touch all time high in couple of weeks.
Targets are mapped on chart, 450, 480,500,525 by April end.
itc situation is looking goodIndian tobacco major ITC Ltd, in which British American Tobacco (BAT) sold about Rs 17,000 crore worth of stake this morning, is now within touching distance of its single largest stakeholder in terms of market capitalisation.
As of March 13, ITC Ltd market capitalisation at $64 billion is just short of British American Tobacco’s $68 billion. Notably, while the BAT stock has fallen 21 percent in the last one year, ITC share price has risen about 11 percent.
At close, ITC stock was at Rs 422, gaining over 4 percent, following reports of BAT's 3.5 percent stake sale.
Also read: Brokerages turn bullish on ITC as valuations turn attractive; see 22% upside
BAT, which is ITC's largest shareholder, sold 43.7 crore shares of the conglomerate at Rs 400 per share, for a total of Rs 17,491-crore in a block deal on March 13. With the stake sale, BAT has trimmed its holding in ITC to 25.5 percent.
As of December 2023, BAT owned around 29 percent stake in ITC. BAT became invested initially in the stock during the 1900s. London-based British American Tobacco (BAT) makes and sells cigarettes, tobacco and other nicotine products.
In a note, BAT said that the firm intends to use the net proceeds of the sale to buy back BAT shares over a period ending December 2025, “starting with GBP 700m in 2024”. “We will continue to allocate operating cash flow to fund investment in our transformation and to further deleverage,” the note added.
Also read: ITC stays on Goldman Sachs ‘buy’ list with hope of revival in cigarette volumes
Brokerages continue to remain bullish on the stock. Morgan Stanley analysts expect its outperformance to resume after stake sale. Additionally, the brokerage adds that they remain bullish due to expectations of a moderate cigarette tax environment, continued scale-up of non-cigarette businesses and reasonable valuations.
Fisdom’s Nirav Karkera believes that an increase in free float will cause an upward adjustment in the weights on the index. “For instance, the weight on the NIFTY50 can be expected to increase by ~23 bps,” he explains. While supply overhang seems largely out of the way he believes that demand dynamics are expected to work in favour of the price.
In Q3, ITC reported TC Ltd reported a 6.5 percent YoY increase in its consolidated net profit, to Rs 5400.51 crore for the quarter ending in December. Total revenue from operations of the company rose 2 percent YoY to Rs 17,651.85 crore for the same period.Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Very short term trade idea in ITC ltd. Entry exit and sl are as mentioned. Strictly follow the levels provided.
N.B: I wanted to emphasize that the views I express are strictly personal and should not be construed as advice. It is crucial to consult with your financial advisor before making any trades or investment decisions. The complexity and unpredictability of financial markets underscore the importance of seeking professional guidance tailored to your individual financial circumstances and goals.
Long Trade in ITCITC is currently trading at support zone of 400-410 levels & It is consolidating here since 5-7 days.
I am seeing a trading opportunity here.
I am taking long position in ITC march futures at CMP 407.
I will add more position if 402-404 comes.
My stoploss would be 397.
Target would be 425.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purpose. Thanks!
