ITC It seems it is breakout reset and go further up. ADX trendline has also showing some momentum in near term
ITC trade ideas
ITC , ( SWING TRADE )
#ITC , (SWING TRADE )
BUY ZONE-209 , STOPLOSS-200 ,BOOKING ZONE -1st-216 , 2nd-225 , 3rd-234
#RISK/REWARD Ratio - 1:1:2:3
MY VIEW ON ITC
NSE:ITC
#Breakout
#Retest
#EMA - up trand
#supertrend - up trand
#RSNIFTY - up trand
#RSI ABOVE - up trand
#SECTOR FMCG , HIGHZONE , BREAKOUT , RETEST
#Result- so I WILL BUY THIS STOCK
ITC breakoutI think that ITC has gone for a breakout.This is not an expert adivce.I am just a beginner. And wanted to share my views.Please comment on my analysis.
FY21-22 Swing Trade Idea #137:: Long on ITCThis is a public swing trade idea (other private ideas accessible through website) and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
Target achieved of 6% in ITC !!The stock was given on 13th July at 202 and it hit the target of 214 today on 26th July. If anyone wants to hold or buy fresh new, then the next target will be 220 and 225. I am also attaching the idea given on 13th as reference.
Please like and follow!
Happy Trading :)
Long intraday/btstGud breakout on daily tf
Touched my resistance level ,now in retest phase might bounce towards 221 today or tomorrow or in two days
Here 210 will b SL
221 WILL BE TARGET
HERE R:R IS 3:8 OR 1.6
ENTER ABOVE 213.3
TGT 215,219,221
ITC: ONCE IN A BLUE-MOON MOVEOver the last few weeks, the stock has been consolidating within a range between Rs 200-210 levels with the 20-day SMA providing support. On Friday, the stock broke out of this range on the back of above average volumes. Buy between Rs 211-213 levels. Keep a stop loss at Rs 206 for a target price of Rs 235.
ITC - 2yr C&H patternBUY GUIDANCE:
Never ever buy before 3PM. I have been burnt many many times. Try to buy between 3:15 - 3:30PM, later the better.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20DMA (on a daily close basis)
SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
Note: I reserve the right to be wrong.
DISCLAIMER:
I am not a SEBI registered analyst. Please consult your financial advisor before investing.
Be prepared for ITC!
1. Stock has given breakout from descending triangle pattern,
2. RSI is above 50,
3. Fibonacci level of 0.382 (210.25) confluences with fixed range volume profile’s Point of Control Line (marked with red) which should act as 1st support from now onwards,
4. Moving averages indicating initiation of uptrend!
Considering above facts and the way stock has remained in sideways from quite some time, we must wait for stock to not only give breakout above 222 but price has to sustain above it.
Buy if price sustains above 222 for price targets of:
1. 239
2. 268
3. 298
Disclaimer:
This idea is presented just for educational purpose only. You will be solely responsible for your own money & decisions you take.
ITCITC has just posted +ve results which can elevate it to upper side for the target of 219 and for the target 2 of 227 in the short term. Chart is supporting it for the same. Better to invest as an equity. Do ask your financial advisor before investing. Never forget to nail stoploss. Happy investing.
Tiger awakened!Tiger awakened and looking set to roar. Maybe a slow moving stock but you can have a peace of mind if you're long on ITC. I already shared the targets when I shared it last time. In this follow up chart, Break Out has happened, retested and now looking good for further targets. Targets already mentioned.
Expecting Trendline Breakout ✌✌✌This scrip is expected to give trendline breakout as it is on the verge of breakout. So traders keep on your radar to catch the momentum and enjoy the profit. Thanks to all.
ITC waking up from deep sleep ?A lot of news has been going around ITC. It has been sleeping for a long time but the recent price action towards the upside breakout looks promising to push it to its recent highs. It has gathered itself from a good support level of 200 and given a good breakout from the long trendline on a daily timeframe. A good 6% move in barely 7-8 trading sessions suggests a good up move is forthcoming after a long long consolidation phase. Note that the volume on the breakout candle is way more than the average volume, which pushes ITC's case for a strong buy position.
One pullback and support from the trendline will be a healthy move for it.
Near term, the target is around 218 and if it breaks and closes above 218 then it will not be long that ITC breaks its recent all-time high.
ITC lovers... this stock in a SUPER Bullish scenario can do 380+This stock hasnt moved since a long time now, and now if this "WISHES" to move then no one can STOP it, investment stop loss can be weekly close below 195
ITC: Trend line Reversal and looks profitable in long termITC uptrend reversal and RSI breakout on daily chart.
One repetative pattern found
In every 69bars price touch from lower trend line to upper trend line
and increase in price of Rs-74.
if it follow same pattern it will touch Rs:270+ by october end with stoploss of 190.
Its my personal observation do investment after consulting your financial advisor.
Please like & comment to motivate.
Happy investing :)
