BUY ITC BUY ITC if closes above 221 tgt would be 240-260
It is having huge resistance of 217.00
Happy Trading
ITC trade ideas
itc golden ducka perfect triangle breakout. itc has took a reasonable time for accumulation and distribution.....
ITC Upward Consolidation - Monthly ViewThe 265 level will prove as a strong resistance - the breakout of which could lead the momentum towards 280 - 300 levels. 200 will be proving as a strong support. Thus, a buy can be initiated above 234 for a target of 265 - 280 keeping SL at 200.
Disclaimer: This is self observation, analysis and study. None of the trading calls published under this username should be construed as an offer to buy or sell any financial instruments. All comments and posts made herein are for information purposes only. Under no circumstances should any person make trading decisions based solely on the information discussed herein. It is informational in nature.
ITC Wedge BreakoutITC gave a wedge breakout after being in consolidation for days since hitting the high of 265. Will this move result in a new 52 week high ? Very likely it will as the breakout is suggesting which provides an excellent long entry with good risk reward setup.
Tgts are in the chart.
ITC Short TermITC might present a short scalping opportunity to sell to a level of 233-234 levels. Current price - 236
Terminating wedge with exhaustion and divergences - underlying rationale.
NS
ITC weekly chart, targetITC weekly chart prediction on the basis of trendline and 20 weeks moving average. simple analysis works..
ITC 21 DEC WEEK 2 ANALYSISCase I , It will consolidate for some time and will go up
Case II , It will retest till 230
ITC Triangle Breakout ITC looks structurally very bullish. Expect 265 and higher in a period of 5-6 weeks. Buy with a stoploss of 220.
ITC KEEP EYE TRIANGLE WITH CAUTIOUSAS SO FOR NOT easy ride for itc, triangle pattern upmove watch only,with cautious.
risk is ur , decission is ur .,
When ITC BULLISH ITC is bullish only above 240.
The lower trendline is breakdown level
The upper trendline is Breakout level
ITC stock outlook on 9.12.21Chart is self explanatory.
Retest done and attempting to cross the resistance. With strength in the green candle and increased volume for the day, it is likely to move up to the level of Rs. 260/- very soon.
A simple chart prepared for self learning. Please feel free to suggest.
#ITC Cash : Looks good around 230-232#ITC Cash - Positional call
09- Dec 2021
Looks good around 230-232
Stoploss 223
Target 248-250/270/320
cmp 235.40
ITC as i mentioned 2 days ago for longhello....as i published same chart 2 days ago for best time to buy itc for long for 340 target, today we got news for itc as they are going to conduct a investers meeting & might be they will also do take decisions demerger on next week, and also wedge falling wedge pattern....hope you all who visited my post got befefits of it.ready for target 340 soon in 2 month
i have mentioned link below....
Falling wedge breakoutITC has given a falling wedge pattern breakout and looks good above 236.5 level for short term targets of 241, 245 and 248.5. If these levels are sustained then in medium term it can test 261.5 level again as well.
Learn & Earn,
Dr. Tanya Kumar
ITCNSE:ITC
*Not a financial advise just a prediction not responsible for loss.
ITC giving a triangle breakout by a new in a bullish channel followed by a bearish channel.
#TA
Added a few of ITCAdded 30% position in ITC. Will look to add more on the retracement. Reasons to buy:
1. Long term channel support.
2. 200 days SMA support.
3. Pennant Pattern break.
4. High volume on Daily and hourly.
Note- Don't trade according to my ideas. It is only for educational purposes.
pennant pattern - ITC stock stock in good pennant pattern with taking bounce from monthly support line
but can correct more before breakout add in list
good only if rertested
[Bounce] ITC Buy IdeaI did not drew the ITC downtrend swing chart.
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
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