Bearish Pattern on ITC, Head and Shoulder on daily chartsITC is forming Bearish pattern of Head and shoulder on daily , same is supported by Consumer Index, once the neckline is crossed this can move downwards with momentum
ITC trade ideas
ITC ITC form head and shoulder pattern, Right support prize 216 may be fall this prize, if the break this prize high then again market reach high, if the break low 216 then share will fall so carefully watch.
ITC have some diwali crackers something happening in itc today yesterday long buildup increasing in itc so we can be consider that stock may bi take support at this levels and go above to break the consolidation zone
ITC LongI hope you can now see how ITC represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these charts are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
ITC looks weak on chartIf today's closing is below Rs 235 then it will go down and in that case, the down target will be Rs 230 and Rs 226.
ITC View for Nov ExpiryITC gave a 50% retracement with two inverted hammer with Stochastic NCO
Decent Trade for next 10 days.
SELL 235 CE @ 4.50
BUY 240 CE @ 2.40
Total : 2.10 = Approx. Rs. 6720 /- (2.10 * 3200)
Required Margin in Zerodha : Approx. Rs.50000/-, Final Margin : Rs.35600/-
%Profit = 6720 / 35600 = 18.87%
Buy between CMP to 220 SL 200 TGT 350Suggestions are based on my analysis only. Please do your analysis before taking any trade.
ITC at very crucial level #swingtradeITC at a very crucial level make it or break it situation
If you can see there's an untidy head and shoulder is forming and now the price is at 2-supports
More likely we can see again our fav 200 stable currency note XD
ITC inv h&S short term possibiltyitc ...inv h&s kind or round bottom..
probability of up..
risk is ur, decission is ur
ITC: Where is ITC headed... Simple price action analysis on a Monthly chart of ITC.
Initial resistance at 246.
Upon breaching 246, it might test 266 in the short to medium term.
Medium to long term target is 295.
And yes, a bit of patience... and patience is virtue.
ITCITC Fib extension levels...................................................................................................................................
ITC: Go long once treandline resistance is brokenRetesting the support zone. Once uptreand starts go long for two upside resistance targets.
Rest self explanatory.
Buying opportunity in ITCGood buying opportunity in NSE:ITC .
1. MACD crossover to go up.
2. FMCG sector showing bullish momentum.
3. Showing above average volume.
4. Inflation rate has increased in October.
ENTRY : Buy above 242
SL : 230 (Closing basis)
TARGET : 250/265/280/300
NOTE :This post is just for educational purpose. Do consult with your financial advisor before taking any trade.
Thank you.
ITCCurrently above EMA20, can see a short gain target of 246, if it breaks 246, 256 gonna be its 2nd target, today 238 is working as resistance, but since it broke trendline of may19, can see a quick momentum upwards.
ITC bullish swing setupITC has given its multi year resistance breakout and is also a stock with great fundamentals
Surely is a great setup for swing trading
waiting for a pullback to buy
BUY at 225 to 230
Stop loss below 215 approx 10%
Targets given on chart of 275-285-320
ITC Trend AnalysisITC seems to have reversed its Bearish trend as shown by the red resistance line and now seems to be moving along its green support line. ITC seems positive and but the blue trend line seems to be strong resistance at 240 levels.
Please consult your financial advisor before making any decisions.
ITCLooks good on Daily charts, Wait till retracement up to Trend Line or price action near 220 level
ITC Trend AnalysisITC finally broke its Resistance line with an OK volume but the candlestick formed is Neutral hence no clear sign of whether a rally is incoming or a Fakeout.
If a Rally is incoming, it will be tested at its long term resistance of 240 and if its a fakeout, it is bound to fall up to 210 levels
Please consult your financial advisor before making any decisions.
