2 reasons to buy ITC1) At strong horizontal support. 2) At 200 moving average support. Can be bought for a target of 214. Keep an SL of 198. Might take few days but the reward to risk ratio is high here i.e 3 : 1. Please Like and follow! Happy Trading :) Longby TradingWithRahul1
ITC ready for a bounceITC ready for a bounce after retesting is long-term support zone of 200. Fundamentally good stock haven't participated in this market rally till now. Stock on the verge of breakout of trendline. FMGC sector diversified business model. Trigger News ITC files Rs 100 cr defamation suit against portfolio manager Manu Rishi Gupta for blog post buying for the targets of 20% in 2-3% time frame for safe players SL is 196.50 Disclaimer: Chart, data and levels for study purpose only. I am not a financial advisor. Use your intelligence before investing.Longby Ashray_G0
Buy ITC with minimum target of 240 , 340 and 600Below are the multiple patterns observed : 1. Starting the larger wave 3 of 5 waves. 2. Major multi year trendline support 3. Fibonnaci retracement correction complete at weekly charts. 4. Pattern of consolidation for x years and multiplies by 3 times(Arriving a long term target of 600) 5. Start with a minimum target of 240 in 3-6 months as per fibonacci retracement completion and add @ 270 , 340 for longer targets. Observations are purely technical and have nothing to do with Fundamentals.Longby ranjith0140
ITC cup & handle pattern.WEEKLY CHART ,,,cup & handle pattern. This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.Longby VJVJ930
Reversal started today but indecision candle.While investors waiting for it to come below 200, ITC slowly showing its strong move. Tomorrow further more magic. Don’t trade just watch or paper trade.Longby rajeshe6871
ITC BULLISH PARABOLIC DECENDConsolidation period has now been completed. Expect fresh highs every day in the coming days. Short term target 225 Long term target 180 days 380+Longby Gunshot321Updated 0
ITC for short term target in 5-8 days Itc came upto its strong support zone can be reversed from here as its forming ascending triangle , can be brought after it breaks the triangle at price between 204-205 for the target of 210-15 in 5-8 days . 209 can be resistance after that it will play as support .Longby yuvrajprasad07Updated 0
ITC @ DOUBLE TOP .. A buy >>>.Hi guys its a very good pattern and its in uptrend with double top pattern :And don't forget to like and follow : Have a good trade Longby shaikhrajesab11
Double falling wedge in ITCNotes: Looking to take a position if the candle crosses either of the two levels as marked - Bullish if above 203.5 and bearish if below 202.2 Bearish break might give a 1% move further down as the next support is at 200. Please note - Not a SEBI Registered Advisor/Analyst. Only for Educational Purposes. Please Consult your financial advisor before you take any action. by the_consolidation_guyUpdated 0
ITC - BullishCurrently in oversold mode in Daily TF At Strong Support Area Rounding Bottom Pattern Possible Sl Below 199 Tgt 218-220Longby Vishy50
Triangle pattern in ITCafter the great consolidation of itc i think we can see a large move either to up or down sideby naveenctom5140
ITC_IF BREAKS THE TRENDLINEITC can show bullishness if it breaks the trendline with good volume. (for educational purpose only)Longby yourtradebuddy0
ITC is nearing the support Zone near 196-199ITC has been moving in a Rising Parallel Channel from March 2020 and it has been respecting the trendlines perfectly. From making a high of 239 it has found support at 196-199 levels and has reversed from there. Now the support zone and the Bottom of the Parallel Channel are coming together and if this support holds could see a decent up move. The volumes are also well below the average for the past month. Buy at near support on a Bullish candle for following Targets. T1-218.60 T2-234 T3-260Longby eastwind65116
Descending Triangle formation in ITCThis is a trend based analysis of NSE:ITC . Price is looking bearish on MLY, WLY, DLY and 4H time frames. Further, a Descending Triangle pattern is emerging further confirming the Bearish bias. For the near term future, going short looks more profitable. Go for a 1:1 initial trade and if successful trial SL to lock in profits. Indicators Used: RSI and Volume Trend lines at different timeframes. Support - Resistance levels at different timeframes. Disclaimer: This is shared as an idea and not a recommendation. It is a guesstimate of what the price may be down the line. Please use this for your further analysis and based on your own analysis and risk management initiate trades accordingly. I'm posting this as a means to further improve my knowledge and receive further knowledge from others. I'm currently invested in this stock. Shortby up749847Updated 0