ITDC, from strong sector with simple horizontal line setup-One Simple Horizontal Line setup
-Setting up well with volume, Signal Candle (more than 5% move with more than 1M vol) suggesting institution buying
-Volumes kicking in
-Tightness
ITDC trade ideas
ITDC BULLISH SWINGBULLISH BREAKOUT with huge volume.ITS consolidate more than 3 months. The breakout after 3 months with huge volume
2 Amazing swing trading ideas for 13 June Markets I make educational content videos for swing / positional trading
Breakout in ITDCDescending Triangle Breakout
RSI above 65 and rising
Trading above EMA50
Volume spurt
Disc: for study, not a recommendation
ATH - ITDC - 7 TIMES PROFIT - BREAKOUT HAPPEN Code itdc
ATH 747
CMP 762
52WH 879
% Diff ATH -2%
Diff 2%
% Diff 52WH 13%
EPS 8
PE 93
Consolidation Year 6.9
cons. Date 1-Apr-2017
Roce / Roe*1.5 28
PROFIT X (TTM Net Profit / Start Consolidation Net Profit) 7.7
"ATH PROFIT
(RANK OUT OF 8)" 8
"ATH SALES
(RANK OUT OF 6)" 6
"ATH QUARTER PROFIT ?
(RANK OUT OF 2)" 1
"PE(M) 1 year or PBR
(RANK OUT OF 2)" 2
"ATH Price
(RANK OUT OF 10)" 10
"pe<eps
(RANK OUT OF 4)" 2
"ROCE,ROE
(RANK OUT OF 2)" 1
"Consolidation
(RANK OUT OF 6)" 4
"ATH Profit X
(RANK OUT OF 4)" 4
"Total
(RANK OUT OF 44)" 38
Multi Year Breakout in Govt. Undertaking Tourism Sector StockHello Guy's, i hope you all will be doing good in your life and your trading as well. I have brought another good stock, which has given Multi year breakout on weekly time frame with huge volume spike on weekly timeframe. This stock has shown very aggressive move in last few trading session. Stock has been double in very short of timeframe. Just 2 months ago on 28th of november stock was trading at 407, since then it has come at 839. More than 100% returns in just last 2 months. Now a days government undertaking stocks is in limelight, Government policies also supporting the stock a lot. It seems the rally should continue from here too, but off course do not expect same momentum, which we have already seen in last 2 months.
Technically and fundamentally stock is good to go long and add more if you see some more downlevels from here. I will suggest to add this gem for long term and do SIP in it.
MACD has given bullish crossover.
PRICE is above 200-DEMA.
Stock has given all time high breakout and sustaining above to that levels.
Weekly volume spike in stock is also supporting the breakout.
NOTE:- (I have not placed any Indicators on chart, but i have done my analysis with all)
All these parameters suggesting positiveness in this Tourism & Hotel sector stock.
About Company:-
India Tourism Development Corporation Ltd is a Govt. of India undertaking and was established in October 1966, the company is running hotels, restaurants, providing transport facilities, engaged in production, distribution and sale of tourist publicity literature and providing entertainment and duty free shopping facilities to tourists. It has also diversified into consultancy, tourism, engineering projects, training/education in the tourism and hospitality sectors and event management.
Market Cap
₹ 7,186 Cr.
Current Price
₹ 839
High / Low
₹ 840 / 276
Stock P/E
97.8 (High PE Negative)
Book Value
₹ 41.9 (Negative)
Dividend Yield
0.26 %
ROCE (Positive)
28.0 %
ROE
18.6 % (Good)
Face Value
₹ 10.0
Industry PE
41.0
Debt
₹ 0.63 Cr. (Good)
EPS
₹ 8.54
Promoter holding
87.0 %
Intrinsic Value
₹ 53.5 (Negative)
Pledged percentage
0.00 % (Positive)
EVEBITDA
62.3
Change in Prom Hold
0.00 %
Profit Var 5Yrs
163 %
Sales growth 5Years
6.04 %
Return over 5years
24.2 %
Debt to equity
0.00
Net profit
₹ 73.2 Cr.
ROE 5Yr
4.23 %
Profit growth
193 % (Very Attractive)
PROS:-
Company is almost debt free.
Company is expected to give good quarter
Company has delivered good profit growth of 163% CAGR over last 5 years
Debtor days have improved from 95.2 to 61.7 days.
CONS:-
Stock is trading at 20.0 times its book value
The company has delivered a poor sales growth of 6.04% over past five years.
Company has a low return on equity of 2.84% over last 3 years.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou.
LONGINDIA TOURISM DEVLOPMENT CORPORATION (ITDC)- CMP: 838
Weekly Chart (4 Feb 2024)
Key Study Points:
- 356 Week Long Consolidation Breakout
- Multi Year Breakout
- Strong Price Action
- Keep SL of 750 and keep Trailing the SL.
Disclaimers:
This chart & study is for Educational & Learning Purpose. This shouldn't be construed as an advice to Buy / Sell / Hold. Pls consult your Financial Advisor before Trading / Investing.
ITDCKey points of ..
1) multi year breakout
2)high volume
3)small cap
4) high risk
5) promoter holding 87%
6)dll 1.87%
7) public 11.11%
.enter after retested.. high risk .. but multi bagger... Govt stock .
for MORE check in my TradingView ID
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"Disclosure : I am not Sebi-registered." This channel is for only educational purpose. Any profit/loss, I am not responsible.
Before taking any trade on our charts / calls, please consult your financial advisors. Thanks
India Tourism Dev: Uptrend Beckons After Multi-Year BreakoutAnalysis:
The provided chart of India Tourism Dev (ITDC) on TradingView depicts a promising breakout opportunity. Let's delve into the details:
Current Price: ₹838.90, significantly above the multi-year resistance level of ₹715.00 marked by the blue line.
Breakout Confirmation: The recent surge past the resistance zone, accompanied by strong volume, signifies a potential trend reversal from resistance to support.
Uptrend Momentum: The sustained price increase after the breakout indicates continued buying pressure, suggesting further upside potential.
Trading Strategies:
Aggressive:
Enter long if the price closes and sustains above the current level (₹838.90) with persistent buying volume.
Implement a stop-loss order below the breakout level (₹715.00) to manage risk.
Potential target prices could be ₹880 and ₹920 based on chart patterns and Fibonacci extensions.
Conservative:
Wait for a potential pullback towards the breakout level (₹715.00) or within the previous consolidation zone (₹600-₹715.00).
Enter long if the price finds support at the pullback zone and exhibits bullish reversal signs (e.g., hammer candlestick pattern).
Utilize a stop-loss order below the pullback low for effective risk management.
Additional Considerations:
While technical analysis is insightful, remember that the stock market remains inherently volatile.
Conduct thorough fundamental research to assess ITDC's financial health, industry outlook, and future prospects before making investment decisions.
Implement prudent risk management through stop-loss orders and appropriate position sizing.
Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Please conduct your own research before making any investment decisions.
ITDC / INDIA TOURISM - 6 years consolidation breakoutITDC
1) Time Frame - Weekly.
2) The Stock has given 6 years consolidation breakout with huge volume & strong bullish candle close in weekly.
3) The next target / resistance would be its previous life time high (747 - 17% from the current price 636.70).
4) Recommendation - Strong Buy
Indian Tourism Development corporationITDC - With heavy government spending on infrastructure , unveiling of various projects like ram mandir in ayodhya, statue of unity in Ahmedabad and many such other projects will lead to more tourism in India. ITDC is just one of them. You can track luxury hotels and other tourism related stocks too.
This post is just for educational purpose.
ITDC- heading towards all time high and moreNSE:ITDC
cmp is 436
this setup is worth studying
heading towards all time high and more
This analysis is being done for educational and knowledge-sharing purposes.
This article does not offer any kind of buy or sell advice.
All stocks are positional and are held for a short to medium period of time.
Everyone is expected to conduct their own research and analysis to determine whether my point of view aligns with yours.
ITDCvcp characteristics
-The Stock must be in stage 2 uptrend.
-A period of price consolidation must take place in thebase. ...
-Price volatility must contract through the base (from left to right). ...
-Price must correct through a series of smaller contractions.
is this another Kiocl??with Tourism being the sector and holiday season coming in. expecting this to move and give swift 20% returns
ITDC#Watchlist
#ITDC (W):- Looking good for a 475/485 target, With a Stop Loss 78 WCB.
#Disclaimer:-View shared it for educational purposes only.
ITDC 1WTRADING COMMUNITY
JOIN US ONLY IF YOU WANT PEACE AND PROFIT IN YOUR TRADING LIFE.
I am not a call provider, not SEBI approved person. All the charts and PnL here are for educational purposes. Consult a professional financial advisor before you invest.
BREAKOUT, INDIA TOURISM, 75% RETURNS!!!BUY - ITDC
CMP - Rs. 389
Target - 1: Rs. 530
Target - 2: Rs. 686
.
Timeframe - 6 months - 1 year
.
Technicals - Trendline Breakout
.
This is just a view by an expert analyst, please invest at your own risk.
.
Follow me for more!
itdc back in uptrend
disclaimer- this is not any investment call or idea , this just my view and it can go wrong ,this is only for educational purposes trade at your own risk :)
ITDC seems to build strength for long side tradeReasons:
1. Trading at support in weekly time frame
2. Inverted H & S in daily TF
Chart seems to get rejection from top as wicks formation is common in this chart, we can consider for a good closing to consider the entire structure for long
ITDC MULTIBAGGER STOCK ??!!!Fundamentally Good stock with quality parameters improving a lot !!!
Technically,
1. ITDC has given a weekly breakout with superb volume out of triangular pattern .
2. SL and Target levels mentioned in the chart.
3. Inverted Head and Shoulders pattern .
4. Evolving channel pattern.
Let's Wait and Watch how its going to move !!!!
Note - Just Sharing my view....not a tip nor advice !!!!!
ITDC : +62% to 597% Upside PotentialITDC 27 Nov 2022
We witnessed a sharp rise in price which is supported by volume, exactly at the TL after a long period of consolidation.
In Play : HH-HL
Summary
• Sharp rise in Price
• Price rise supported by volume
• POC 404
• Resistance 466 (Pre SH)
• ATH at 747
Conclusion
• CMP - 404.55
• Test qty can be initiated on break of TL
• Add to the position on RT-TL
• Higher Targets could be around
o Short/Mid Term - 546-659
o Long Term – 1137-1693-2821(we will watch for supportive price action to confirm higher targets)
Wish You Happy & safe trading
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Happy Trading
Jai Hind Jai Bharat
