ITC trade ideas
ITC The "Kumbhakarna" is waking up !!!! watchout :)
Weekly timeframe .
ITC Strong weekly close with good volumes.
CMP=262.55 Buy Above265.
Target =325+
SL=255 or as per Your Comfort.!!!!
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations.
Long term view: Potential targets are 335, 650 and 1900 aboveLONG TERM VIEW: Hope the accumulation is done which can be confirmed by breakout above 260 and successful retest of it on monthly chart. Potential targets are 335, 650 and atlast 1900 and above. But if there is a breakout failure then it can test 211 and below levels also.
ITC MONTHLY AND WEEKLY SWING ANALYSIS AND TARGETSENTRY: 266
SL: 251.85
Short term targets in the right side layout.
Long term and bigger view on the right,
The chart is self explanatory please feel free to ask for doubts
Do your own analysis before trading.
All targets are self explanatory in the chart strictly follow the Fibo levels.
Analysis and targets based on harmonic XABCD and ABCD patterns.
DM if any doubts
Personally I feel ITC is a really good company to buy and hold included with my analysis level we can consider a right time to add and hold for good safe long term targets.
Thankyou.
ITC BUY for positional trade - Bullish run expectedIn ITC we can see a recent breakout in Weekly Chart with very good volume. An upside above 263 can take the stock around 280-285 in short term. For long term (6 months to 1 year) we can look at target around 310-320+.
A retrace if possible this week then one can accumulate around 250-245 as well.
Stop loss in the trade should be 230 below strictly.
Happy Trading!
ITC : READY TO GOMiss the Chance to buy @230 BO Zone , But its okay RunUp is yet to come for better targets
Buy@CMP
TGT - 290
TGT 2 - 320
𝑫𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
Nifty me New Boss KaunITC will now take the charge from here on to take the nifty to new higher levels and I’m betting on this is biggest joker of all time from here on too. This is also triangular breakout and RS Nifty is also giving an impulse upmove and the MACD is also supporting along with the volumes. Ab our kya loge ITC ko jo jaise chase Karna chahe Karlo.