ITC trade ideas
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.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
🔍 More Analysis & Trade Setups 🔍
For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
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).
ITC BUY SETUPTwo OB marked based on SMC, Lower timeframe trend reversal important for decisional ob
FOLLOW RR RATIO
EDUCATIONAL PURPOSE ONLY
ITC Ltd. - Double Break Out TradeDate : 11-Oct-2023
Rating : Buy
LTP : Rs. 448.25
Target: (1) Rs. 455, --> (2) Rs. 480, --> (3) Rs. 500
SL : Rs. 433
Exit Plan : Follow the 7D/13D EMA cross down on closing basis.
NSE:ITC has given double break outs. From its current short term down trend and from double bottom pattern. Have closed above 20D MA. EMA, MACD and RSI giving bullish sign with RSI giving positive divergence.
Disclaimer : I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market.
ITC LTD:Rounding bottom pattern breakoutITC:In the process of a consolidation ,formed a rounding bottom pattern and has given a NECKLINE price /volume break out at 450.As per the pattern the next logical target would be around 475-480.
(For Educational purpose only)
itc shortitc has formed beautiful rally base drop pattern on daily time frame. big hni, banks, mutual funds have initiated selling at the supply zone marked in red. the sell orders placed are not completely sold .so, this leaves some sell orders pending.. what we try to do is when the price comes back to the supply zone marked, pending sell orders of big institutyions get triggered.. we have also placed sell orders.. poor retails traders with greed buy the shares at supply zone, we wwill join hands with big institutioins to initiate strong selling again.. this is the mechanism of this type of rule based demand supply trading
ITCBUY @ 477.25 RS
TARGET @ 520.50 RS
BUYING CONFIRMATION: Rounding bottom breakout
Expected returns are around 9.00 %
#Itc cash : Rounded bottom formation #ITC cash
01.01.2024
Make or break level 473
(Rounded Bottom formation)
ITC cash above 473.10
will go 498-500/520/545
Cmp 468.05
(Either it wont break 473 levels
or if closed or trades
above it will be bullish)
ITC ready to go near 500 buying recommended near 420-430On 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
ITC- Looks to run along other FMCG stockBuy around-462-459
Keep SL@454 on closing basis.
Target 475,480,485
*Note-For educational purposes only
BUY ITC--Buy ITC after flag breakout with good volume
--H-L-LH-LL- breakout pattern
--stock is in Uptrend
--Target-540+
Disclaimer:
- The view expressed here is my personal view
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
-- Do your own analysis and consult your financial adviser if needed
ITCITC already in rally. Broke resistance price and gave some up side move. Wait for retest support level. 472 is a Target.
CAN ELEPHANT DANCE. Is ITC stock next to spit fire? 1. Graceful strenght : Elephants, despite their immense size, can move with surprising agility and grace. This could symbolize ITC's ability to navigate market fluctuations with steady growth and resilience. Even during downward trends, the company might maintain a strong foundation and retain investor confidence.
2. Unpredictable Turns : Just like an elephant's dance can involve sudden changes in direction or bursts of energy, ITC's share price could experience unexpected jumps or dips. This could be due to various factors like industry news, government policies, or global economic shifts.
3. Slow and Steady Wins the Race : Elephants are known for their patient and methodical approach. Similarly, ITC might focus on long-term strategies and sustainable growth rather than short-term gains. This could lead to a gradual but consistent upward trend in the share price over time.
4. Trumpeting Success : When elephants trumpet, it can be a sign of dominance or celebration. This could represent ITC achieving significant milestones or surpassing market expectations, leading to a surge in the share price.
5. Herd Mentality: Elephants often move in herds, with their actions influencing each other. This could reflect the influence of investor sentiment on ITC's share price. Positive news or analyst upgrades might trigger a buying spree, while negative news could lead to a sell-off.
