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ITC LTD.

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ITC trade ideas

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.
NSE:ITCLong
by vicky252
6
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
NSE:ITCShort
by vishnu76
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
NSE:ITC
by JaiPrakashShuklaHarmonicTrader
2
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.
NSE:ITCLong
by vipinguptaca
ITC_Respect_Darvas Box_Resistance_SupportThe Darvas Box Theory is based on a combination of technical analysis and strict trading rules. Here are the key elements of the Darvas Box Theory: #Selection of Stocks: Darvas looked for stocks that had the potential for strong price movements. He focused on stocks with a history of significant price increases and volume expansion. #Box Formation: Darvas used a box to represent a trading range. The box is formed when the stock's price moves between a high and low range for an extended period. The upper boundary of the box is the resistance level, and the lower boundary is the support level. Darvas would buy when the stock broke out of the box to the upside. #Volume Confirmation: Darvas believed in using volume as a confirmation indicator. He looked for increased volume when the stock broke out of the box, indicating strong buying interest. Low volume during consolidation phases was considered a sign of a weak trend. #Stop-Loss Orders: Darvas was disciplined about using stop-loss orders to protect his capital. He would place a stop-loss just below the lower boundary of the box after a breakout. If the stock fell back into the box, the stop-loss would trigger, limiting potential losses. #Riding Winners: Darvas was known for holding onto winning trades and letting profits run. He would adjust his stop-loss orders to lock in gains as the stock price continued to rise. #Continuous Monitoring: Darvas closely monitored the stocks in his portfolio, keeping track of price movements and volume. He followed a systematic approach and was known to be disciplined in executing his trades.
NSE:ITC
by Pranay_Kamdi
3
ITC long positionany one who loves fgmc sector can go with ITC because itc has shown bounce back from its support zone and yes it clearly say that it revrse from and short term bottom has been made around 436-442 . also ITC result come on 19th OCTOMBER CHANCES OF GOOD RESULT IS VERY HIGH SO IF ANYONE want to keep portfolio outshine than add ITC it will give you a hansdome return .Chances for positive return are very high so please watch or add in your watchlist .and if by chance itc price starts downword journey which has lower chance than keep sl of 342
NSE:ITCLong
by Parthupadhyay67
9
ITC Bullish; above 455 on Monday 4 Dec. The above information does not constitute investment/trading recommendation and it is purely for educational purpose. Please check the Strategy below... SWING Trading Strategy: Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%) INTRADAY Trading Strategy: 1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within five to 15 minutes. "High Risk Traders" buys in hope of another 2% upmove intraday. "High Risk Traders" may have to patiently wait through the Pullback-Consolidation stage to realize profits. High risk/High reward set up as breakouts may fakeout (reversal)also 2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage"). Safe traders with minimum risk profile may Wait for a breakout from the consolidation to enter at this stage to relize high profits in the final intraday final "Breakout continuation" stage 3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again. Both Safe Traders/High Risk Traders book profits at this stage Stop Loss: @ "Open" price of the day OR "Breakoutprice" This do not constitute, financial, investment, trading, or other types of advice or recommendation.
NSE:ITCLong
by JJ_Breakouts