ITC trade ideas
ITC UPDATEAs.said.to take hedge against st long. Also said to wait for 15 min to take hedge. Today ITC didn't came down below 443 in first half and so no hedge should be entered. Even though if entered there is minimal loss. Also.said.in conclusion that ITC should resume its uptrend from today. ITC closed.at 447 again and above resistance. ITC is in narrow range an it can expand on upside may be from tomorrow or day.
Conclusion
Hold long. Cash purchase is advised.
Close hedge if opened.Given to close hedge on break above.446.
ITC daily chart falling wedge possible breakoutITC is forming a falling wedge pattern on daily chart in my view...cmp 443. If it holds 430 levels one can see a move till 456 and 490 short term
ITC - Short Idea - Intradayoffering a user-friendly interface and real-time updates, this tool will cater to both novice and experienced traders seeking a competitive edge
ITC: UPDATE.Since you may have bought ITC on our analysis, We are giving update. We have bought ITC and not worried as we can hold it if it comes down to 385 also. But since you all may get worried if it break as it had closed at 442, And so I am updating on ITC.
First of all we see ITC movement, it had tried to break bellow neck line 3 to 4 times but was unsuccessful. Then it break above resistance of 446 and then again came down to 442. This simply means buying is comming at 438 and selling g at 450.
Secondly it again had stuck in narrow range, which should have expanded today.
Now since we have bought it at 447 we are in loss of 5 Rs. If bought in cash then there is no.wory only holding g period will increase , but if bought in f & o then hedge your position by selling 440 call. If ITC close above 446 then close call with 3500 loss and let long carry on. If ITC close bellow 440 then carry both short call and long ITC till 435 is taken out. If 435 is taken out close long and carry on short call. 440 call is @10. In second senerio call will become 0. Wait for first 15 min before taking hedging decession. As said earlier in nifty analysis that option is for those who can bear loss. Who cannot bear loss they can buy only in cash.
We have marked green support line which is neck line. It is strong support.
ITC had made lower high in last 3 days. So again low of 3 days before too falls near support line.
Conclusion
ITC may resume its upward journey from Monday onwards provided it hold 440.
ITC @ 442 09-SEP-2023ITC @ 442 09-SEP-2023
As long as 355/128 holds support, we will see more up move towards 700/1000/1500
ITC: ALL BUYAs said in previous analysis ITC triggered long. Now 338 had become good support. Carry on long with given SL earlier. ItC looking for 466 1st trgt, ie 4% return.
ITC would be a great swing trade pick for month of SeptemberAs we all know about ITC share Hipe and trending session earlier this year, as it is now being coming down and making a bullish flag formation, now it seems it is ready to continue its up trend. So here I have explained the RSI I use is now oversold and there is important support according to the chart of ITC, so this would be my perfect pic for this month for equity as well as future.
ITC : Make or Break Situation As said earlier to go short below 435, But ITC bulls didn't gave up and holded to it's neck line. Today ITC closed at 443 making range of 7 points only for last 7 days. In previous trading in June ITC had made same pattern (see green horizontal line).
Conclusion
Range had narrowed down, so break above or below is immennient.
After narrow trading range it expands, this will mak ITC volatile.
Entry is clearly visible , sell below today's low with today's high as SL and buy above 446 wit 437 SL.
Caution : Sellin is in F & O so if SL triggered the loss is 1600 x 8 . and if hit trgt of 385 then profit is 1600x 50. Risk reward ratio is 1:6
If buy is triggered then one can buy in cash.
Market becoming bullishITC may break descending channel tomorrow to start reversal.
GIFT Nifty 50 Future showing positive signs for Indian market.
ITC : Completion of Double PatternITC had completed Triangle and H& S pattern and had closed well below it. Today price had broken the shuder of ITC.
Conclusion
Sell ITC below 435 with SL above 440. Trgt 385.
ITC Analysis Stock broken support of 460 as posted earlier, now again near its support of 425-433 levels, once sustain then above 445 can be entered for new high.
ITC : Trend analysis, Daily chart Long or Short ITC, One of the ICON of Indian Stock market . It's one of the stocks which is performing exceptionally well in comparison to MNC's like Reliance, TCS etc.
Even after the fall of 10% from the recent highs, the stock is still on undecisive on trend. As there are no strong supports till the price levels of 370 we can expect a another 2-3 months of consolidation till 410. Once if the 410 levels are broken we can buy at 370 levels which is a 25% from all time high. As a high standard stock we can expect another 5-10% fall and then to rise again to new highs irrespective of Indian market giants.
Ride the trend with Trail Stoploss, pyramidingRide the trend with Trail Stoploss, pyramiding.
How to trail Stoploss and pyramiding with basic structure knowledge.
Distribution overThis is my trading journal, not a trade recommendation. Idea presented only for educational purposes for me and others who want to benefit from my experience.
it is long if cyan line is taken out; if market respects this resistance, it is short. point of decision is here.
DISCLAIMER:
Trading in the stocks market or futures markets is on e of the riskiest forms of investments available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose. Nothing in this analysis is a recommendation to buy or sell stocks or futures and I shall not be liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from the use of this analysis or reliance on such information. Consult your financial advisor prior to investing is stock market.
This is one person’s experience, your experience may differ. Past performance is not guarantee of future gains.
ITC Looks Bearish As per technical Analysis and OI data ITC looks Bearish,
ITC is having support Near 469-470 Level if its break with volume then possibly we can see 460,455 level on chart.
if you are ready to take position then go with hedge Trading strategy.
Buy ITC 473 CE Near 6.90, and sell ITC Future July Near 470, SL 475, Target 463,460
Investment required 35000
Only for Educational Purpose.
ITC ANALYSIS 3.1 @ 447 14-AUG-2023CMP 447
SUP: 368/325/264
RES: 501
As long as the above supports hold, we can see 534-580, 670-720, 900+
Next Buy zone 450-410
Pre-result : Trendline break approaching 430 support zoneITC has broken the steep trendine on weekly TF and probably is heading towards it prior breakout zone of 430.
ITC - buy on dipsBuy from cmp to 448
sl close below 446.8
easy tg 457
tg2 - 462
Disclaimer : This is my personal analysis for study purpose not intended for trading.
ITC Important levels for the year 2023NSE:ITC NSE:NIFTY Major stock
DISCLAIMER: Do not consider this analysis as an Investment or Financial advise.This analysis is made for educational purpose.
ITC Aalways had been a favourite stock for investors and in this Idea i trided to analyse its probably bullish movement, although i have marked important Bearish level too.
Currently ITC is being trading in an important levels which might lead to the continuation of its existing Up trend.
ITC might be in a process of making a probable ascending triangle breakout in the coming days will be necessary to support this pattern and this Idea.
Important conditions have already been mentioned in the chart itself.
We might se profit booking in the higher levels so be cautious.
If till the year end we see ITC being trade in the higher levels then we might see either consolidation or reversal in the next year.But this is just an observation and in any sense it should not be considered as Investment recommendation or advice.
I took due care while analysing the chart but all my analysis is based on probable calculation and can be proved wrong at any point of time.
The purpose of this Analysis is to provide you an edge to your existing experience, knowledge and trading strategy, so club these levels with your own set of skills regarding market and you will definitely find these levels of immense use.
All these analysis took lots of time and effort so if you like this idea then do support it and I will be updating throughout the year so don't forget to subscribe.
