ITC trade ideas
-The Famous Biriyani price large cap stock-. NIFTY50The famous Biriyani price large cap stock. The potential to give Biriyani to the investors. We all witnessed how the famous ITC meme stock shot up. after breaking out of the famous 200–220 range. Now it's back to the range. Even though we all know we are officially entering the correction phase. looking at the chart, the current level looks good technically.
ITC 200 to 220 level is a very important consolidation range; we only need to be concerned if the ITC falls below 200; otherwise, it is good to average in this correction phase. In the daily time frame, it respects both the trend line and the fib line. It is now nearing 0.5% in the fib line. Any change in sentiment in the NIFTY50 can be expected to have an impact on the ITC. Many analysts are bullish on the stock. But the stock price was dragged down by the disappointment of the analyst meeting. Keep ITC on your radar and the support levels. However, because we can include this stock in our long-term portfolio at a reasonable average price,
Long-Term investment buy ITC - FMCGLooking forward to add ITC in the 218 -208 Zone for long-term Investment portfolio
ITC is traded in Channel for longITC is being traded in a channel since last one and half year. Recently, It has touched lower line of cannel.
Bullish View :
Currently it touched lower line of the channel
Currently it is traded in support zone
It is taking support of 200 SMA on daily chart
]Point of worry :
200 SMA on weekly chart is resisting upward movement
Touched support line with increasing volume
It has possibility to breakdown. If it breaks its support, it may fall till 200
Trading Suggestions:
Long:
Entry : Wait for reversal pattern and take entry above confirmation candle on daily chart
Stop Loss : Below nearest swing low
Target : T1- 238, T2- 245, T3- 262
Note: Wait for reversal pattern. If it confirms, then and only then take trade.
Disclaimer: I am also a learner. It is my view. Please analyze it yourself before you initiate the trade.
ITC.. Long on reversal CandleITC.. Long on reversal Candle.. All details in the chart.................
ITC!!! - It's about high momentum moveEverybody knows about fundamental, based on fundamental every one giving their view to buy this stock.
If you are a momentum trader you should wait to break 280 level. It may take 2-3 months time to break, then stock should fly.
It's educational purpose, not recommendation.
ITC : Falling Wedge ContinuationTicker Name: ITC
Chart Pattern : Falling Wedge Continuation
This pattern indicates that a tug of war is going on between the seller and buyers and eventually buyer will take control.
At Resistance, sellers show their power to pull down the stock price but the buyer accumulates at each dip.
During Breakout need good volume sign for further uptrend
Major Support Level 191.50
Breakout Target as per falling wedge continuation pattern 360
Took 200MA Support!Took 200MA Support!
If today's low is saved on Monday, we may see 230+ again soon to make another LH. If not, we may see sub 205 levels.
BUY ITC BUY ITC if closes above 221 tgt would be 240-260
It is having huge resistance of 217.00
Happy Trading
itc golden ducka perfect triangle breakout. itc has took a reasonable time for accumulation and distribution.....
ITC Upward Consolidation - Monthly ViewThe 265 level will prove as a strong resistance - the breakout of which could lead the momentum towards 280 - 300 levels. 200 will be proving as a strong support. Thus, a buy can be initiated above 234 for a target of 265 - 280 keeping SL at 200.
Disclaimer: This is self observation, analysis and study. None of the trading calls published under this username should be construed as an offer to buy or sell any financial instruments. All comments and posts made herein are for information purposes only. Under no circumstances should any person make trading decisions based solely on the information discussed herein. It is informational in nature.
ITC Wedge BreakoutITC gave a wedge breakout after being in consolidation for days since hitting the high of 265. Will this move result in a new 52 week high ? Very likely it will as the breakout is suggesting which provides an excellent long entry with good risk reward setup.
Tgts are in the chart.
ITC Short TermITC might present a short scalping opportunity to sell to a level of 233-234 levels. Current price - 236
Terminating wedge with exhaustion and divergences - underlying rationale.
NS
ITC weekly chart, targetITC weekly chart prediction on the basis of trendline and 20 weeks moving average. simple analysis works..
ITC 21 DEC WEEK 2 ANALYSISCase I , It will consolidate for some time and will go up
Case II , It will retest till 230
ITC Triangle Breakout ITC looks structurally very bullish. Expect 265 and higher in a period of 5-6 weeks. Buy with a stoploss of 220.
ITC KEEP EYE TRIANGLE WITH CAUTIOUSAS SO FOR NOT easy ride for itc, triangle pattern upmove watch only,with cautious.
risk is ur , decission is ur .,
When ITC BULLISH ITC is bullish only above 240.
The lower trendline is breakdown level
The upper trendline is Breakout level
ITC stock outlook on 9.12.21Chart is self explanatory.
Retest done and attempting to cross the resistance. With strength in the green candle and increased volume for the day, it is likely to move up to the level of Rs. 260/- very soon.
A simple chart prepared for self learning. Please feel free to suggest.
