ITC Weekly Breakoutit has broken weekly resistance and closed at 2Y high.
looks 300-330 possible.
previous 52W/ATH breakout has given 40% rally.
RSI > 60 on Daily/weekly/Monthly.
RSI taking support at 60 on daily chart.
ITC trade ideas
ITC Ltd.ITC Ltd.
(same company due to some new chart pattern and Candlestick)
One of the best company for investment.
ITC Limited is an Indian conglomerate company headquartered in Kolkata. ITC has a diversified presence across industries such as FMCG, hotels, software, packaging, paperboards, specialty papers, and agribusiness. The company has 13 businesses in 5 segments. It exports its products to 90 countries. Its products are available in 6 million retail outlets.
Established in 1910 as the Imperial Tobacco Company of India Limited, the company was renamed the India Tobacco Company Limited in 1970 and later to I.T.C. Limited in 1974. The company now stands renamed ITC Limited, where "ITC" today is no longer an acronym.
TECHNICAL ANALYSIS.
Time Frame - 1D
1. Stock comes around the pre covid level fall.
2. Stock makes a new 52 week high.
3. Supertrend is positive.
4. Alligators are in uptrend.
5. Stock trading above 20/50/100/200 DMA.
6. formation of White Marubozu on the daily chart.
FUNDAMENTAL ANALYSIS.
SECTOR: Cigarettes/Tobacco
1. MARKET CAP - ₹ 3,14,049.11 Cr.
2. P/E - 21.49
3. P/B - 4.96
4. ROE - 21.85 %
5. ROCE - 27.99%
6. EPS - ₹ 11.86
7. CASH - ₹ 4,001.50 Cr.
8. DEBT - ₹ 5.63 Cr.
9. DIV . YIELD - 4.5 %
DISCLAIMER - All analyses are for educational purposes. it is not trading or investment advice.
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ITCNSE:ITC is a very cash rich company
after a long consolidation today it closes above 240 levels.
so, as per our analysis it's making inverted head and shoulder kind pattern
so, we can take a swing trade on this for the targets of 265
ITC - Multiple Trendlines FormationMultiple trendlines formations . Long ... expected to trade in either of the ranges
Life time High ??Price may be face some resistance near uptrend channels upper boundary . If price sustain above the upper boundary then high probability price will try to reach near life time high .
ITC on verge of a Multiyear break out. Watch out!!!ITC on verge of a Multiyear break out if it sustains above the tread line
ITC BreakoutITC is breaking out of multi year resistance/Supply Zone. Cup and Handle neckline breakout too plus downtrend breakout on daily and weekly timeframe. Take entry on candle closing basis confirmation preferably on Monday. SL at Daily Candle closing below 238. This is not an advise, just sharing my idea. Have profitable and safe trading.
ITC target 280Once the weekly closing is above 267, the stock may move till 280 hitting the resistance trendline
#ITCStock has crossed 260 level after 2019.. Horizontal and Falling Trendline Breakout.. expected good move from here.. though it's a slow moving stock.. Target 280/310
ITC on the move, Will it be a successful breakout ?NSE:ITC
ITC breaking the trendline, looks good on the monthly charts as well.
Will it go-through ?
ITC Analysis !! Broke Out📈 ITC Ltd. 📉
This broke out from a Resistance Zone of 234-240 after testing 3 times. ITC on a larger chart forming a triangle pattern which won’t be visible in this chart but I can share on demand.
On Buy Side I am looking for Targets of 260-264.
StopLoss should be kept below 230-232zone.
It offers 1:3 Risk To Reward.
ITC on a larger chart forming a triangle pattern which won’t be visible in this chart but I can share on demand.
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
itc bullish bat long term investmentthough it has good volumes but we need to go by the books now if monthly candle closes above yellow trendline we are good to go magnetic move will come in itc to achieve 289 but if candle monthly closes below yellow line then it may be a problem and invest for long term
good luck
udta punjablooking bullish on yearly pivots.looking good for long with price closing above 200 weekly ema after a long time.
ITCPrice touching 255 and sustaining BELOW it for 15 min is short for ITC. SL 2% target 5 %
Price touching 255 and sustaining ABOVE it for 15 min is short for ITC. SL 2% target 5 %
on closing basis both SL and target
SSL Channel and Hama Candles Setup for Swing/Intraday tradingHi followers,
This is very effective trend following strategy and we take entry only on trend confirmation which increases the profitable trades and also we can trail our SL if needed in this strategy.
I have mentioned the indicators and how to use in the snippet. please go through the example and backtest on your selected stocks in all time frames and confirm if it suits your style of trading.
ITC long monthly time frame Itc breakout in monthly timeframe.
This is triangle pattern breakout, one can keep their stop loss @200 and target @360
so this trade is 1:2 risk reward .
Volume is also good , rsi also giving buy signal same as 2017.
This is only for educational purpose not a financial advice.
ITC GOING TO FLY?Reasons for long:
1.Consolidating since 2020 ( price Between 207 to 245 )
2. Increasing volume in this month
3. RSI indicator nearing to 60, above this price becomes more bullish
and also nearing to 265.30 previous high, which acts as long time resistance,
trade according to your risk...........
if you like my view on ITC ,then please give likes...............
Breakout Opportunity with ITC LTDDate: 2-Feb-2022
LTP: 230.
Target: 240 -> 250 -> 265
NSE:ITC has created a breakout from its primary down trend with high volume yesterday (2-Feb) and given gap up opening today (3-Feb). May be sign of trend reversal to up trend.
#ITC at resistance now NSE:ITC
After giving great up move now stock at resistance.
First given good long from harmonic level now find the opportunity for short or profit booking at harmonic resistance.
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns.
📌 That Dash Line Is Called PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone).
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
ITC GOOD FOR 500+ IN 1-2 YEARSITC
CMP 257
TGT 500+
TF 1-2 Years
SL 195
Pennant Pattern formation with BO on monthly chart0
An ITC can change your life.The chart is looking very special and charming. I think ITC iss baar dhokaa nahi degaa.
itc target 340 if it closes above 365 itc if it sustain above 365 level its october highs then the next target is 340
you can see a good volume growth from 24 feb and it outperformed cnxfmcg
it is not any buy recommedation . only for knowledge purpose.
ITC may see pullback towards 240 levelITC witnessed a stellar one way rally in the past few weeks, as fund managers rushed to park their money into this "cash proxy" stock. At present, ITC is showing early signs of cooling off, likely due to overbought technical indicators which could trigger profit booking by short-term traders. The stock seems to have completed a 5 wave impulsive up-move and likely to see a corrective pullback in the form of an a-b-c, with minimum targets placed around 237-240 zone. (assuming the stock has made an intermediate top near 256 levels, alternatively we may see one more bounce towards 256-260 zone, before the correction begins). On the options chain, max CE OI is at 260 while max PE OI is at 230 strikes.
