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ITC trade ideas

Attempting a BUY on the cigarette, FMCG, IT giant : ITCin.tradingview.com In the recent days ITC's moves have been really impressive with spike in volumes and the price movement. It is also worthy to mention the fact that the price it is currently trading is ex of the 6rs dividend which was adjsuted in the price on 15th February. I would like to clearly and openly state that right now I am not comfortable with the markets. Selling pressure comes from anywhere when market tends to attempt a slight upmove. Also, US markets have been equally unsupportive and a party pooper. Despite all the negatives in the markets, in these times, markets are rewarding the underperformers, be it ONGC, COAL INDIA or our stock in focus ITC. Coming to the trade, here a BUY trade can be attempted in ITC with a bi weekly tenure, where buying range can be 384-385 , SL : 379 and it can be played with a target of 400 ++ The strength with which ITC is breezing through the market is really impressing me given the times where market breadth is so poor and not to forget the attractive valuations. If you attempt the trade, it is worthy to keep the trade in control as I would again like to iterate, the market texture doesn't look so healthy.
NSE:ITCLong
by TanmayAggarwal
ITC - All Time High BreakoutSo this chart of itc is in the weekly time frame, as you can see that, it has given a breakout of a trendline with a great volume of buyers. And after a breakout, there were two green candles consecutive, with this it has broken its all-time high. After the breakout of all time high, there was an opposite candle and then we got an inside bar so we got two entry triggers and we can see more of a good rally after the breakout of the red candle's high. So our entry price will be 390 level and our stop loss will be low of the red candle and target you can expect big. Note - I'm not sebi registered, this is only for educational purposes. Do your own analysis first.
NSE:ITCLong
by Garvit_Narang
ITC - Multi time frame analysis with multiple patternsOn daily time frame, price is breaking the trend line and sustaining it with volume. When most of the stocks were falling, this stock sustained. On weekly time frame price is consolidating within a triangle. Buy above 342 with the stop loss of 338 for the targets 346, 352 and 360. Intermediate resistance is seen at 345 - 346. Price will be completing the rounding bottom pattern at 357 - 361 level. So we can see the triangle consolidation, trend line break out and rounding bottom(forming) patterns on the chart in daily & weekly time frame. Do you see any other patterns? Write it in the comments section.
NSE:ITC
by vanathi
6
ITC Ltd.ITC Ltd. C&H Pattern: Yearly Basis P&F: Monthly Basis C&H / P&F: Yearly Price Trendline: BreakOut. Strong Vol. Consolidation / Further BuiltUp With Upside, Trail SL Book Profit as per Risk Appetite Snapshot Estab. 1910 (113 Yr old Group). Present in FMCG, Hotels, IT, Paper, Paperboard, Packaging & Agri Business. Resourceful Group. Substantial Value Unlocking Potential in Subsidiary Business. World-Class Manufacturing facilities. E-Com play in Agri (+ve Results). Stable Taxation, New product launches, Healthy pipeline of properties, Strong consumer demand / Ongoing Wedding season (+ve for Co.) Sales / Profitability: Growing on Yrly/Qtrly Basis. RoA/RoE/RoCE: Continuing in higher Double Digits. Strong leverage, +ve CF from Ops. (likely to Continue). Improving WC Cycle. High FII/DII holdings. Concern: Continuous increase in taxes on Tobacco business. Do Your Own Research as Well. This is Just an Opinion. Happy Investing :)
NSE:ITCLong
by IdeasNeosagi