ITDC trade ideas
Ascending triangle patternAscending triangle pattern looks bullish and stock also from tourism sector which will shoot up after covid
ITDC Has moved into strong handsClear double bottom visible.
Previous trend down, then sideways movement with huge volumes indicates accumulation by strong hands.
Narrow Range on daily time frame, just below double bottom neckline.
Trendline support
Any dips will 350 will be good for accumulation.
Stop loss will be 330 for short term traders & long term will be 280
Indian Tourism Development Analysis On a daily chart triangle pattern breakout happened.
For better Risk to reward, buy on dip.
ITDC: RALLYING ON THE PATH PREDICTEDThe stock ITDC was identified on 20th April as a potential buy candidate. The basis was a simple analysis of price and momentum indicator- RSI. Now I say simple, does not mean it is easy. When the price kept falling lower, RSI was already climbing. This was one of the prime evidences which built into my conviction to purchase this stock.
Now, it is 9% positive from the buy price for myself and my clients.
ITDC : Nice long positional stockMy wave analysis suggest a nice buy developing on this stock..
Do not miss it.
Happy Trading.
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India Tourism Development CorporationThis Stock looks good at level 350+ for next target of 390 in short term from today.
Volume is good as well.
Can be traded with stop loss of 330
Note: Taking position on this script is at your Own risk and Cost. This is my understanding on this script basis what I analyze.
ITDC Positional View !!!ITDC : cmp: 375.1
A double bottom and rounding bottom kind of pattern has been formed in weekly and daily chart respectively.
So good to accumulate on dips for the investment TGT of 595.
TGT 390.5/402.3
Positional Sl 311 clbs
Let's see what happens....
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.
ITDC, Breakout of Downward trend lineLevels shown on chart, Once the band of 330-370 taken out. Consumer discretionary play alongwith disinvestment candidate.
No investment suggestions, do your own research.
ITDC Level PracticeOm Namah Shivay
Trying with the ITDC trend analysis. 209 to be respected for the other levels.
Om Namah Shivay
ITDC - SHORT TEARMLONG - FOR EDUCATIONAL PURPOSE Levels and reason mentioned in chart.- For educational purpose only.
Can see a breakout in ITDC#Positional Freshview: Can buy ITDC now @ 262.55 or on dips till 242 with SL of 230. Can see 290, 310 and 350.
Triangle Breakout can be seen in ITDC. Watch for Breakout.Volume should confirm breakout. Triangle formation. If good volume will be seen, it can give quick move.
ITDC long trade setup - watch for a monthITDC long trade setup - watch for a month
ITDC to be watched for a long setup.
If it touches 307, then take long position, and target 390.
Breakout in ITDC on weekly time frameThere is Breakout in ITDC on weekly time frame.
Resistance are marked on the chart those could be the possible targets
