ITC stock view📍📍Stock Name - ITC 📍📍
Support - 462-464.90,455
Resistence - 474,480
Entry Type - Long Position (Buying)
Stop Loss - Depending On Your Capital And RR
#ITC
ITC trade ideas
ITC: Is at where two channels meet3 Reasons that it will come to price of 460 before flying higher.
1. 460 acted as a good support and resistance for many years.
2. 460 is the fib retracement point of 0.50.
3. 460 is the intersection point of the ascending parallel channel
ITC is trading at ₹474.65, Nearing a BreakoutITC is trading at ₹474.65, nearing a breakout from a falling trendline with rising volumes. The stock rebounded strongly from support, surpassing its 200-day EMA and trading near the 20-day EMA, reflecting bullish momentum. RSI at 45.57 indicates potential upward strength. Sustaining above ₹490 could lead to a target of ₹520, with a stop loss at ₹452, offering a favorable risk-reward setup.
Disclaimer: Consult certified experts before making investment decisions.
What's happening in ITC?ITC daily chart: After completion of Normal or Trending Impulse, the price falls.
We can see clearly that the first leg of this fall looks like an impulse (shown by red 1-2-3-4-5), which is wave A of Zig-zag.
Then price retraced to 38.2% forming wave B.
Currently, wave C is developing in ITC. The minimum fall for this is 61.8% extension, which is near the 459 level.
Remember that this is a minimum fall for any Zig-zag pattern.
If the price breaks 459 and starts trading below it, the target of 100%, which is near 438.85, will be achieved. (This also fulfills the Rule of Equality).
This analysis is based on Elliott Wave theory and Fibonacci.
This analysis is for educational purposes only.
ITC SL Day candle close only, Target Trigger Price
All detail for chat. good entry at mark price only. and must stoploss minimum risk and good profit. risk ratio 1:1 to manage modified SL. This is not call, Just my idea. Please understand your risk and take full responsibility of your actions
ITC next investing zone could be 377In the long term, this stock is perfect. has the potential to reach 944 and 1400 should come to level 377 it's a major support for this stock.
ITC may form Pushpa's ShoulderITC Ltd may form a Head and Shoulder. Though it has broken a neck line.
As ITC moves most of the times contrary to the trend so this is also a factor which is supporting my thought that ITC is yet to form a bottom. So be ready for a Bottom fishing.
ITC - 2 PossiblitiesRight now stock is holding its strong support zone of 478
If successful stock may make a journey upto 500 without halt
If not it may fall and take the more stronger support of 468
In both cases idea voids below 465
ITC - Upward Leading DiagonalIt seems ITC has probably formed a base after consuming a good demand zone on 75 Mins TF and as per Dow Theory model, making higher lows and higher highs. As per my primary rationale of Elliott Wave analysis, it is forming a leading diagonal structure for Wave 1 on 75 Mins TF chart as shown hereby. We can confirm this once it consumes some demand at Wave 2 downwards and makes higher highs rally to initiate Wave 3. In case, it doesn't come to Wave 2 at around 420-425, then we may look for how price action and Elliott Wave Model plays out once it crosses 450 upwards breaking a good supply zone of 440-448. If it breaks Gann Square of 9 number - 463 upwards, then it will be confirmed that upward impulse wave has started yet again and may try to establish All-time highs again. But let's go step by step and see how the model and market sentiments work out/align beautifully in future.
Take this as education post for Elliott Wave structure model and play around/perform exercises from your side too on various time frames.
ITC - 1D TFNSE:ITC has a uptrend in 1M TF. Looking down at the 1D TF, the chart has broken a triangle pattern and has moved down, touched a demand zone and is currently trading at a support turned resistance zone. Let us see what the market has for us..!!
Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades NSE:ITC
bullish pattern developing on ITC daily chartA falling wedge pattern is developing on ITC daily chart. If this works, it can give a good move on upside...week to 10 days time frame is what I would see for this
ITC long above 500 Can buy with sl @470 rr is favorable
Or can Wait for this week , if this week close above 500 then soon ATH
Market Direction for upcoming daysAs after fall market has become volatile,
it becomes extremely important to trade sector specific and stock specific
Here is the analysis of 20 Top Traded Sectors
Market seems to be stable right now as we have
6 Sectors Improving
5 Leading
3 Lagging
4 Weakening
Overall market may remain Sideways to Positive
Itc - Sideways to Bullish in coming daysStock seems to be near the end of bearishness
Multiple strong conjunctive supports arriving
494 - 496 strongest support for the stock
View negates below 492
Possible targets 515/530
itc looks good around 510-514 levelsAlong trade can be initiated in ITC for taget of 525 535 550 580 +++ with sl around 505 levels
ITC Ltd view for Intraday 30th September #ITCITC Ltd view for Intraday 30th September #ITC
Buying may witness above 525
Support area 519-520. Below ignoring buying momentum for intraday
Selling may witness below 519
Resistance area 525
Above ignoring selling momentum for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
Bullish Flag Pattern Giving Traget 820On a Daily time frame bullish flag breakout is seen In ITC giving target of 820.
ITCITC after long consolidation is ready for big breakout
Once cross 522 can surge fast
Btst
OCT 530 CE OI
CMP 8:30
ITC // Levels // 1h"Welcome to SkyTradingZone "
Hello Everyone 👋
For ITC Ltd. on a 1-hour timeframe, here are the key support and resistance levels:
Resistance Levels:
R1: ₹515.00
R2: ₹520.00
Support Levels:
S1: ₹510.00
S2: ₹505.00
Financial Highlights (1H FY2023):
Revenue: ₹42,344 crore (approximately USD 5.7 billion)
Net Profit: ₹10,442 crore (approximately USD 1.4 billion)
Earnings Per Share (EPS): ₹13.19
ITC SL 1Hr candle close only, Target Trigger Price
All detail for chat. good entry at mark price only. and must stoploss minimum risk and good profit. risk ratio 1:1 to manage modified SL. This is not call, Just my idea. Please understand your risk and take full responsibility of your actions
