since feb, ITC has followed a trendline which is seems to be break here and market is expecting a good quaterly result and RSI above 60 good upward move expected. target t1 220 t2 226 t3 237 SL 206
ITS done a nice break out .Consider it for short term
NSE:ITC has not given us a excellent upside move till now. At the current moment, it is crafting a falling wedge pattern ( T1 & T2 ) that has a huge potentially to kick in the bulls once a successful breakout occurs. Like, Follow & Share for new updates.
Looking too hot! i have bought it around 212 last Friday for long term. keep on radar. i have bought it around 212 for long term.
ITC on verge of trendline breakout could be a good buy if give breakout & sustain RSI looks +Ve Keep an aye on it DISCLAIMER ( Educational Purpose ) All investments involve risk. Please Do your analysis before initiating Any trade Good luck !
If it goes against the triangle with breakout we can see a good upside movement as the momentum will be very high or else if it takes the resistance we can see a fall till 200
ITC has to go slight down or it needs to break out in uperside -Either way its going to be favorable if you wait for 3-4 months .. Downside is limited , upside is going to be min 20 % gain in another 3-4 months .
ITC CAN MOVE UPSIDE AFTER BREAKING THIS TEND LINE AND RETESTING ABOVE TREND LINE.
🔰 MY thought process : ⭐Multiple supports at the triangles lower side and 3 times good reversal from the upper trendline ⭐Volume profile is showing its trading at the most crucial and most tradable supply demand zone, a breakout from the trendline might initiate a good upmove :) ⭐Risk : 206 can be taken as a good SL where we can take 225 as 1st target and 240 as...
Observe the chart and take trades accordingly.
ITC in Daily chart view looking positive move at taken strong support 207 price area features look at 254 range final target 254 ....Disclaimer: this is not SEBI Registered Investment Advisor. or its Analysts doesn't hold any position in the stocks mentioned above. doesn't guarantee any profits/loss in any stocks mentioned in the article. Investing and...
After a 3 month consolidation , ITC has seen some buying interest from last few sessions. On charts also, we can see a cup and handle pattern . Also a descending triangle breakout is also expected.
1. Price action 2. Support and resistance levels mark in chart
Triangular breakout possible while looking ITC in day chart. Upcoming result as well as possible demerger news can also increase the chances of a breakout. Long consolidation is also something that favours the same.