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ITC LTD

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ITC trade ideas

ITC LTD BULLISH WITH CONVERGENCE OF SMA SUPPORT NEAR 430ITC Ltd. is an interesting chart to keep on radar and buy on dips with following 1. RSI on all time frames i.e. Daily / weekly/ Monthly above 60 2. Convergence of Moving Averages i.e. 20 day SMA =432 50 day SMA= 433 100 day SMA = 425 200 day SMA = 430.50 Making it a case of Strong strong price support at 425-435 levels. 3. Price Making higher highs for last 3 days 4. Price Close above both last week and last month's high 5. ABCD pattern under formation on weekly chart Fundamentally : Company is almost debt free. Company has a good return on equity (ROE) track record: 3 Years ROE 27.5% Company has been maintaining a healthy dividend payout of 92.4% Can be a very better Risk reward to buy on dips and dips only with SL below Moving Average Convergence zone i.e. 420-425 CAUTION: MINOR RESISTANCE NEAR 460-465 ZONE Lets See How it evolves. Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
NSE:ITCLong
by purisonshuf
ITC's Key Support & Resistance: Trade Smartly!Current Scenario: • ITC is currently trading at ₹429.05, showing signs of consolidation. • The stock has tested the support level twice (T1 and T2), indicating strong support around ₹402.90. Key Levels: • Entry Point: ₹416.25 • Stop Loss: ₹402.90 • Target Levels: • Target 01: ₹437.90 • Target 02: ₹444.70 Analysis: • The stock is forming a pattern where it respects the support level, which could be a good opportunity for a bullish entry. • The previous low and support touches suggest that buyers step in around these levels, providing a safety net for long positions. Trading Strategy: • Bullish Scenario: Enter at ₹416.25 with a stop loss at ₹402.90. Look for the stock to move towards the first target of ₹437.90 and possibly extend to ₹444.70. • Bearish Scenario: If the stock breaks below the stop loss level of ₹402.90, it might indicate further downside risk. In this case, it’s advisable to exit long positions to prevent losses. Conclusion: • ITC is showing a well-defined support and resistance structure, offering clear entry and exit points. • Traders can leverage these key levels to strategize their trades effectively, minimizing risk while maximizing potential gains. Keywords: • ITC Stock • Technical Analysis • Support and Resistance • Trading Strategy • Entry Point • Stop Loss • Target Levels • Market Analysis • Stock Trends
NSE:ITCLong
by OptimaltradeX
What ITC has done so far ? do you know ?Well I have met many Jokers in this platform , who claims so much of victory but have no idea what is happening in the stocks / Indices They still continue to claim their indicators , Telegram Channels ( Message in Private Box ) , and etc etc and retail usually follow them only to end up getting loss I had to make this above statement particularly one individual is very irritating me with various methods , i am letting it go ignoring so far Regarding Scrip , ITC so far have made its move up as 3 wave impulse and have corrected in the pattern of ABC as sharp corrective pattern Wave 4 by which it meets the Guidelines set or advised by R N Elliott as alternative moves of sharp and side ways ( wave 2 is side ways so the wave 4 will be sharp ) Now i am looking for a strong reversal basically on daily then followed by weekly , apparently its still not showing a sign of strong reversal daily for safe entry and long term prospective one can wait for weekly strong close , because the room to down side is still at large it can come down or it might reverse at any given condition it must not brake the low of its last impulse leg So people please wait for strong close on weekly and take a safe entry for next move up Good luck
NSE:ITCLong
by ShreeKrishna_F
23
ITC | Next Target 480Rs / 500Rs | T.A (Follow For More..)According to me if ITC breaks the Level of 445Rs in the upcoming days and closes the 2 bullish candles above the 445Rs price zone. So, the next 1st Target is 480Rs and the 2nd Tagart Level is 500Rs. Why? I'm Telling this!! > Because BJP is won. > The financial budget is coming soon. and I am pretty sure financial minister talking about ITC. > After the 4 June dump the stock fully recovered in just 2 Day's So, After knowing this all things there is one think is confirm is ITC have lot's of bulls Volume For Future UPDATES Follow and Give se Boots So, I will time to time update you.
BSE:ITCLong
by Mohit-Soni