ITC trade ideas
ITC (Double top Possibility)ITC is 15% down from the ATH price i.e 499 now hovering at 420-25 range. For long term investors, you can start sip at or around 400 price which may reflect in better advantage.
NOTE: I'm not a SEBI REG. Study before investing.
ITC retraced from 50% of Fib LevelAfter a big move NSE:ITC has retraced and is bouncing back from 50% of fib level.
1) 460 acting as a resistance level from Aug.
2) This resistance level has been broken with flag and pole pattern or simple after consolidation and with high volume candle
NSE:ITC must take support from 460 and next target can be 480 and 500.
Keep it in your watchlist and act accordingly.
Comment down your queries and suggestions please.
ITC Stock: Navigating Support Zones for Strategic BuysITC is currently trading within the support range of 412 - 406, which was established on April 23rd and has been retested. This range presents a potential buy or accumulation opportunity. In case of a break, consider buying at lower levels, such as 392 and 362, based on the Fibonacci retracement level at 50%.
itc longitc price is in weekly demand zone, meaning that willing buyers exceed willing sellers.. opprtunity to go long to capture the pending irders.. only for edu purpose
ITC Ltd. ( potential to break all time high)ITC Ltd. ( potential to break all time high)
ITC Ltd. ( potential to break all time high)
Sector: Diversified
MONTHLY & WEEKLY TF suggest strong uptrend continuation
daily TF seems consolidation in HTF demand zone...
Bearish setup412 is a strong support. If it breaks we can expect it to plummet further to 400 levels and if the volume continues to be as large as it is today, 386 level is also a possibility.
Buying strategy for ITC Weekly it is showing bearish trend and could easily go levels of Rs 420 . There you could go for buying in small quantity before seeing some trend reversal.
If the levels of 420 broken then then 410 levels can be seen easily.
itc cypher pattern viewif falls continue
1st support 443
2nd support 426
already crossed below 48 days ema
can consider when it touch are went near to D point demand zone.
It is just a view, please trade at your own risk. I'm not SEBI registered adviser.
ITC | Swing Trade📊 DETAILS
Sector: Diversified
Mkt Cap: 570,260 cr
Established 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.
TTM PE : 28.25 (High PE)
Sector PE : 30.10
Beta : 0.63
📚 INSIGHTS
Strong Performer
Stock with good financial performance alongside good to expensive valuation, but lacks price momentum as suggested by technical indicators
8.53% away from 52 week high
Underperformer - ITC up by 4.41% v/s NIFTY 50 up by 9.4% in last 1 month
📈 FINANCIALS
Piotroski Score of 7/9 indicates Strong Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
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ITC CAN MOVE UP AGAIN ITC good set up for intraday with small stop loss
entry above 461.5-462
Stop loss at 458-456 (as per our comfort)
for targets like 466,468,472++
Note: if any trade or value has gone from the place we decided to enter then thats not our trade wait for it to come back or let it go
I am not sebi registered this is my personal view
ITC ready for fall to 445 and 423 , buying given near 430 , On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
ITCDespite the market fall itc managed to go up..
If it breaks 473, then,
Targets will be 477, 480, and around 500 in the coming days
with a Stop Loss at 465-67 for swing and positional trades
ITC - Day chart Its look cup and handle and above 480 break
1st target 500 and look long term uptrend
ITC - WEEKLY TGTITC Stock reversing from low.
Expect good upmove in coming days
Stock can test 480/490/500 in jan month
ITC 470/480 CALL is good bet for this expiry holding
ITC weekly Demand with daily confirmaiton to go Long."Capturing Market Opportunities: The 'Weekly Demand with Daily Confirmation' Strategy
In trading, the 'Weekly Demand with Daily Confirmation' strategy merges long-term trends with short-term precision for optimal decision-making. It involves:
Weekly Demand: Identifying enduring demand trends on weekly charts.
Daily Confirmation: Validating weekly trends with daily signals.
Going Long: Buying assets with confidence in weekly demand and daily signals.
In practice, traders spot strong weekly trends, confirm them on daily charts, and execute buy trades. Risk management is crucial. This strategy optimizes the odds of success in trading by aligning long-term insight with short-term signals."
itc buyits has formed demand zone along with coinciding demand zone with drop base rally set up.. so we can tap pending orders of thge big institution.. can go long from here at levels marked..
for edu purpose only
ITC [LONG] _ {UTRA BULLISH}ITC has given a breakout on a daily timeframe. RSI has also given breakout above resistance followed by MACD trigger line crossover. Target = 500-511 (purely technical target), 535 (fundamental target).
