ITC TARGET 494 STOP LOSS 431The script is a breakout from the weekly downward wedge and closing above that with bullish. If it is sustain above in intraday 455 then it will reach the target of 494
ITC trade ideas
ITC swing tradeDon't give an excuse now that you can't make money with swing trading.
Stock name: ITC and current market price is 449.
This stock has broken out descending channel pattern and 50 day EMA.
Current view is bullish with expected swing trading target around 490 for swing which is approx 10-12% and is very decent target for swing trading.
ITC#ITC gave a breakout from the trend line and is looking very good on the daily chart. After trading in a range for the past few months the stock is now ready to resume its upward journey.
When to sell_ ITCNamaste!
I have been tracking ITC for quite some time. Now, I see an upcoming bearish momentum in the coming weeks.
Q: Why am I saying this?
A: Well, all time high of ITC was Rs 367.70. It broke it's multiyear lows (of Rs 178.65) on 09 March 2020. So, it can be a long term pattern of "lower lows and lower highs". This price can be the next lower highs. Profit booking will definitely come at this prices, because there will be many investors who will be exiting "before Rs 367.7 prices". And Nifty did not break Apr 2022 swing highs, it is indicating an upcoming bearish momentum.
Q: When and at what price should I exit?
A: You can place a sell stop order at Rs 329.60, so you lock in your profits. I would suggest positional traders to do this. I repeat, prices must break those levels, so your order gets triggered and you exit.
For investors, they can consider booking/exiting at such prices as well. And they can consider buying it back at Rs 281 levels. I am not right 100% of the time, so only apply this when my points seem logical to you.
Disclaimer: The analysis I have shared is based on my understanding and experience in the markets. Prices may or may not reach mentioned levels, resulting in opportunity loss. Please do your analysis and/or consult your financial advisor before applying anything.
buythis is going to hit all time high soon as recent price has bottomed out hence expecting a rally from current price.
Positional_ ITC1. ITC can breakout from current range.
2. Higher Lows indicating a buying pressure.
3. Shrinking "price-range" is indication of momentum.
4. We can expect two targets of 226 and 237.
5. Upcoming result looks matter of caution.
6. SL and Entry will be decided afterwards.
Disclaimer: The views expressed in this article is of my own, you're solely responsible for any decision taken in the markets resulting in financial gains or losses. The analysis I've shared is just for informational and educational purposes only.
Investment_ ITCTrading and investing are completely different in nature.
In trading, we don't care about the prices whether it's fair or not.
We buy high and sell even higher.
But in investing, we should only buy a stock near its intrinsic value. No matter if everyone is making money except us. But, price which is justified by fundamentals are sustainable and proved sustainable historically.
"Intrinsic value is upgraded or declined based on fundamental changes. I amend my intrinsic value every year based on the growth of the company."
So here I am with a stock named ITC. According to my method of calculating intrinsic value, it is worth around ₹300 a share.
I will start accumulating shares, near Rs 180 levels (strong weekly support). Well, this will not happen overnight. It may take several months.
Some questions answered:-
Q: If it is a fundamentally good company, why the price is not moving up? Does the market doesn’t know anything?
A: Nope. Market knows everything. But, the market generally moves in a direction of “what is expected and what is unexpected”.
Q: So, what’s expected in ITC?
A: Well, it’s a good company, good cashflow, no debt, professionally managed company, etc. When the company performs “as expected”, why should its price move in either direction? Price only moves when unexpected things happen.
Q: Should the people sell the shares who has already bought and invested in it, so that they can buy at a lesser price?
A: Nope. Absolutely not. Investment is not a buy-sell game. It must have long-term view (5 years, 10 years, etc.).
Q: Then what's the solution?
A: Add more shares. Yes. As long as the company is fundamentally strong, buying at dip or discount is best for investing perspective. And this company is giving dividend of Rs 5 approx every year. That translates into at least 2.5 % every year if the current price taken into consideration.
Disclaimer: The views expressed in this article is of my own, you're solely responsible for any decision taken in the markets. The analysis I've shared is just for informational and educational purposes only.
#ITC CASH : Looks good positional above 445.10#Itc cash
22.11.2023
Looks good above 445.10
Stoploss 435
Target 458-460
(Risk free above 460.10 for 484/498)
Cmp 440.15
ITC CHANNEL PATTERNITC is fundamentally strong stock it creating channel pattern and triangle pattern if it break up side it can goes 550rs
STOPSMOKINGAfter a decent pull back over the past few months, ITC looking for a breakout. I think this could do it. Great company!!
Diwali Trending Stock - ITC effective DipITC seems effective dip for short term
concentrate at 420 - 400 level
ITC STOCKNSE:ITC Stock buy above 450 rupees.
Target 1 is 465 to 475 rupees,
Target 2 is 480 to 485 rupees,
Target 3 is 490 to 495 rupees,
stoploss below 430 rupees.
ITC#ITC #stockstowatch #TradingView #Trending
Itc at crictical zone - CMP at Weekly uptrend line, If the break out given, It will fall upto 370-360 levels, If breaks current downline on upside it will go upto ATH.
iITtCc sell mode 🤩438 to 440 stop 460 tgt 425..400...390Strong sell mode👇
Itc Sell 438 to 440
Stoploss 460
Target 1.....425
Target 2.....400
Target 3.....390 sure coming days👍
My view only
Educational purpose only 🤗
ITC ON CHARTSBelow the box more selling till 430 Closing Above 20 EMA Fresh Buying.
Only For Educational Purpose.
$NSE:ITC Is ITC going to fall further before moving up ?NSE:ITC Is ITC going to fall further before moving up ?
Ignore if huge gap down or gap up.
Follow strict stop loss.
Disclaimer:
This is not a financial, investment or trade advice. Its only for educational purpose.
ITC sinks 3% after Q2 resultsITC sinks 3% after Q2 results in sharpest single-day decline in 12 weeks
The festive season, increase in rural wages, and government spending on infrastructure are expected to propel rural demand ahead
Shares of ITC slipped 3 per cent to Rs 437.80 on the BSE in Friday’s intra-day trade on reporting a lower-than-expected rise in consolidated net profit for the September quarter (Q2FY24).
The stock on Friday recorded its sharpest intra-day fall in the past 12 weeks. Earlier, on July 25, 2023, it had declined 3.3 per cent.
ITCAfter huge return in short term people are looking forward to know the next move...
ITC is going to announce its Q2 numbers today.... So here, is the chart of ITC if it break and close above the resistance line, there is upside move possible or if it breaks the trendline and close below it then we can see the a temporary downside....
ITC LOOKS GOODHi friends, it is 4 hour time frame chart of ITC
Observations-:
1-RSI trending up while price making lower lows.
2-Price completed breakout retest and bouncing from retest zone.
3-Second time price bouncing from same price zone
3-Breakout of Falling trendline.
On the basis of above observations i am going long in it.
Kindly like if you like my analysis.
ITC looks BULLISH, Good for long term.In this video, I have provided my view on ITC for swing trading as well as long term investing.
Watch the video for more details.
ITCItc W pattern breakout abv 456
targets 480 & 500
swing trade
good support at 435 levels sl below 435 closing
