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ITC trade ideas

Arrow of time on ITCThis is my trading journal, not a trade recommendation. This is an additional update on last idea posted on ITC at 200 level mentioned in related ideas link below. DISCLAIMER: Trading in the stocks market or futures markets is on e of the riskiest forms of investments available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose. Nothing in this analysis is a recommendation to buy or sell stocks or futures and I shall not be liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from the use of this analysis or reliance on such information. Consult your financial advisor prior to investing is stock market. This is one person’s experience, your experience may differ. Past performance is not guarantee of future gains.
NSE:ITCLong
by AniketKabir
The long and winding road That leads to your door Will DisappearI've seen that road before, 200 level to be part of history lessons. For updates check linked ideas below. This is an educational idea and not a recommendation to buy or sell. DISCLAIMER: Trading in the stocks market or futures markets is on e of the riskiest forms of investments available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose. Nothing in this analysis is a recommendation to buy or sell stocks or futures and I shall not be liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from the use of this analysis or reliance on such information. Consult your financial advisor prior to investing is stock market. This is one person’s experience, your experience may differ. Past perfomance is not gaurantee of future gains
NSE:ITCLong
by AniketKabir
ITC-Back to pavilion like Team India in T20 or Follow 2-3-5 RuleITC - the performance of ITC is similar to the performance of Team India in T20 World Cup... Abysmal - however if we look at it from Chart perspective, we see the stock following the 2-3-5 Rule So what is the 2-3-5 Rule? - It takes 2 point to establish a trend line - Point 3 is your best bet to initiate a trade ( in this case, at 265 since the stock came near Line of Resistance for the 3rd time the trade was on the short side) - It is the 5th attempt, when one should not mess with. The probability of trendline getting weaker is higher and possibility of a breakout is stronger. Diagnosing the charts further, we observe, the stock is near the Line of Support for the 3rd time and on any further dips Risk::reward ratio would look more and more favorable to go Long Target 236 / 245 / 251 / 262 ___________________________________________________________________________________________________________ Here are a few examples of charts where the 2-3-5 Rule helped us capture the best movements Adani Power From 45 to 154 Adani Power profit booking above 154 ONGC From 133 to 169 in quick time Short term targets achieved and profit booking duly recommended at 157 / 169 Limitations : Like any other study, this too has it's own limitations - there is no guarantee this will work all the time - the 2-3-5 Rule may contradict with the Cup & Handle pattern in which breakout is expected on the 3rd attempt itself - I have used this study mostly on longer time frame charts Weekly and daily charts and haven't observed the same adequately on 5 mins or 15 mins charts. So can't comment for those time frames This Diwali, my advice is - to take the learnings, invest some time in your studies - observe for yourself on different time horizons and different stock charts - and be in a better position to take investment / trading decision with better knowledge. This approach will work far better for you in the longer run than what advice we see in Media ads with related to investments these days - It's Okay if you are irresponsible and broke your TV, 2nd income from stock market is there - ghusta nahi kuch khopdi mein ( don't understand a thing about investment) yet invest without knowledge in the Hope Kuch toh badlega (something will change... yeah things can change from bad to worse). - Boss ka presentation gaya bhaad mein... ( I mean seriously.... how can one reflect disrespect towards your work and carelessness as cool attitude) A little bit of fun element is fine but to the point of being reckless and irresponsible.... That's not the attitude which which you want to come to market... and with your money and your Future goals at stake.... I am sure, that's certainly not the habit you would want to develop. Remember, whatever work you do, be ready to give 120% of your efforts and output . Do justice to your work 🙏 When it comes to investments and trading, it's your money and your Future... always and always treat it wisely Trust you find the inputs useful. Do Like and feel free to share your views in the comment section below. Follow for more such ideas Wishing you all a very happy Diwali...!!!🙂 Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:ITCLong
by indiamarketoutlook
5
ITC - Perfect bounce from golden fib levels !Category: Fibonacci Retracement Key Highlights: 1. Bullish market structure making HH-HL pattern. 2. Price taking support from one of the key zone levels. 3. Bullish volume is higher and weak non-patient hands are getting out. Disclaimer: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk. Abhishek Singh (@Abhishek_TradersSin) ~ Middle-class IT Employee trying to simplify Technical Analysis. ~ Do follow and like if you like the work.
NSE:ITC
by Abhishek_TradersSin
2
Long term trend-line breakout in ITCWe all know that ITC has been dividing the trading world into two for so long. Some exited in loss, some held it like 'fevicol's ad' and some cannot even tell the story. but, but Why should one buy ITC now when spines are chilled? Reasons: 1. Bullish Marubozu Candle with high volume. 2. Clear Trend-line Breakout. 3. Absorption of all the supply range visible in February 2021. 4. Making Pandemic Era High. 5. Rising RSI @ 56.54 6. DMI crossover with ADX trying to tilt upwards. Precaution: Please do not chase the move right now. Let the stock pullback or at least consolidate. If it does not correct below 233, look for bullish signs for entry.
NSE:ITCLong
by FiringPegasus
ITC case studyITC bearish case study. Rising channel formation with resistance line around 270 levels. Bearish crab pattern formation with prz around 263-270. Elliot wave formation with impulse phase maturity around 272 levels RSI divergence between last two swing high ,, Taking all to gather 263-272 stiff resistance zone,, view gets violated above 277 levels. Counter made entry in resistance zone Not able to sustain and slips down,, First target zones of 240-246 and below 240 Second targets levels of 218-221
NSE:ITC
by RUDRA007
7