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ITC

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ITC trade ideas

Positional_ ITC1. ITC can breakout from current range. 2. Higher Lows indicating a buying pressure. 3. Shrinking "price-range" is indication of momentum. 4. We can expect two targets of 226 and 237. 5. Upcoming result looks matter of caution. 6. SL and Entry will be decided afterwards. Disclaimer: The views expressed in this article is of my own, you're solely responsible for any decision taken in the markets resulting in financial gains or losses. The analysis I've shared is just for informational and educational purposes only.
NSE:ITCLong
by UnknownUnicorn7637383
4
Investment_ ITCTrading and investing are completely different in nature. In trading, we don't care about the prices whether it's fair or not. We buy high and sell even higher. But in investing, we should only buy a stock near its intrinsic value. No matter if everyone is making money except us. But, price which is justified by fundamentals are sustainable and proved sustainable historically. "Intrinsic value is upgraded or declined based on fundamental changes. I amend my intrinsic value every year based on the growth of the company." So here I am with a stock named ITC. According to my method of calculating intrinsic value, it is worth around ₹300 a share. I will start accumulating shares, near Rs 180 levels (strong weekly support). Well, this will not happen overnight. It may take several months. Some questions answered:- Q: If it is a fundamentally good company, why the price is not moving up? Does the market doesn’t know anything? A: Nope. Market knows everything. But, the market generally moves in a direction of “what is expected and what is unexpected”. Q: So, what’s expected in ITC? A: Well, it’s a good company, good cashflow, no debt, professionally managed company, etc. When the company performs “as expected”, why should its price move in either direction? Price only moves when unexpected things happen. Q: Should the people sell the shares who has already bought and invested in it, so that they can buy at a lesser price? A: Nope. Absolutely not. Investment is not a buy-sell game. It must have long-term view (5 years, 10 years, etc.). Q: Then what's the solution? A: Add more shares. Yes. As long as the company is fundamentally strong, buying at dip or discount is best for investing perspective. And this company is giving dividend of Rs 5 approx every year. That translates into at least 2.5 % every year if the current price taken into consideration. Disclaimer: The views expressed in this article is of my own, you're solely responsible for any decision taken in the markets. The analysis I've shared is just for informational and educational purposes only.
NSE:ITCLong
by UnknownUnicorn7637383
ITC sinks 3% after Q2 resultsITC sinks 3% after Q2 results in sharpest single-day decline in 12 weeks The festive season, increase in rural wages, and government spending on infrastructure are expected to propel rural demand ahead Shares of ITC slipped 3 per cent to Rs 437.80 on the BSE in Friday’s intra-day trade on reporting a lower-than-expected rise in consolidated net profit for the September quarter (Q2FY24). The stock on Friday recorded its sharpest intra-day fall in the past 12 weeks. Earlier, on July 25, 2023, it had declined 3.3 per cent.
NSE:ITC
by chetnaparmar833
Stock of the year at important junctionNSE:ITC after having a splendid run throughout the year is now at a very important junction. It is a fairly visible H&S (Head & Shoulder) in making but breakdown looks like snowball's chance in hell. Hence that means NSE:ITC can be a good reversal candidate but only after strong close above 456 level. That should lead NSE:ITC towards 500 and then further for new highs. Breakout above 456 may look for a inverted H&S or double bottom breakout. Things are difficult for equity market but the course of this war shall be decided in upcoming days when we will know the participating countries and fronts. One can add NSE:ITC at current levels if they have missed the rally throughout as it is holding on its levels, 432-430 shall act as stop loss. A closing below these levels shall trigger the breakdown of the above-mentioned H&S. We have 2 inside bars in last 4 candles which also indicate accumulation at current levels. It will be very exciting to see which way these positions move. If a breakdown takes place then NSE:ITC will move towards 415-420 levels otherwise this trending stock should remain the contender for more upside this year and further.
NSE:ITC
by Abhyuday01
1