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ITC LTD

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ITC trade ideas

ITC_Rectangle Box PatternA rectangle pattern breakout happens when the price breaks above the upper horizontal line of the rectangle, indicating a potential upward movement. Traders often consider this breakout as a signal to enter a long (buy) trade. Breakout Strategy: Enter a trade when the price breaks above the upper line of the rectangle pattern. Place a stop loss below the lower line. Retest Strategy: Enter after the breakout, wait for the price to retest the upper line (now acting as support), and then place a buy order. Set a stop loss below the retest level.
NSE:ITC
by Pranay_Kamdi
Momentum Swing Idea| ITC LtdITC Ltd as you all know it stablished in 1910, ITC is the largest cigarette manufacturer and seller in the country. ITC operates in five business segments at present — FMCG Cigarettes, FMCG Others, Hotels, Paperboards, Paper and Packaging, and Agri Business. Fundamental = strong Market Cap ₹ 5,23,098 Cr. Current Price ₹ 419 Stock P/E 25.6 ROCE 39.0 % ROE 29.1 % Debt to equity 0.00 Promoter holding 0.00 % Quick ratio 1.73 Current ratio 2.73 Piotroski score 6.00 Profit Var 3Yrs 7.41 % Sales growth 3Years 12.8 % Return on assets 23.8 % This is purely technical analysis and perfect 21 day moving average support .Moreover company is in growing and stable phase .keep in radar . monthly RSI above 55 and its seems to be reversal signals . if market in uptrend move than this stock will be in uncharted territory. Note: I am not SEBI registered financial Adviser. I solely present my views on chart .I do not charge any kind of service. This is not buy sell recommendation. If you like my ideas than like boost and follow me for more ideas. Thanks and comment freely
NSE:ITCLong
by Momentuminvesting5540
itc situation is looking goodIndian tobacco major ITC Ltd, in which British American Tobacco (BAT) sold about Rs 17,000 crore worth of stake this morning, is now within touching distance of its single largest stakeholder in terms of market capitalisation. As of March 13, ITC Ltd market capitalisation at $64 billion is just short of British American Tobacco’s $68 billion. Notably, while the BAT stock has fallen 21 percent in the last one year, ITC share price has risen about 11 percent. At close, ITC stock was at Rs 422, gaining over 4 percent, following reports of BAT's 3.5 percent stake sale. Also read: Brokerages turn bullish on ITC as valuations turn attractive; see 22% upside BAT, which is ITC's largest shareholder, sold 43.7 crore shares of the conglomerate at Rs 400 per share, for a total of Rs 17,491-crore in a block deal on March 13. With the stake sale, BAT has trimmed its holding in ITC to 25.5 percent. As of December 2023, BAT owned around 29 percent stake in ITC. BAT became invested initially in the stock during the 1900s. London-based British American Tobacco (BAT) makes and sells cigarettes, tobacco and other nicotine products. In a note, BAT said that the firm intends to use the net proceeds of the sale to buy back BAT shares over a period ending December 2025, “starting with GBP 700m in 2024”. “We will continue to allocate operating cash flow to fund investment in our transformation and to further deleverage,” the note added. Also read: ITC stays on Goldman Sachs ‘buy’ list with hope of revival in cigarette volumes Brokerages continue to remain bullish on the stock. Morgan Stanley analysts expect its outperformance to resume after stake sale. Additionally, the brokerage adds that they remain bullish due to expectations of a moderate cigarette tax environment, continued scale-up of non-cigarette businesses and reasonable valuations. Fisdom’s Nirav Karkera believes that an increase in free float will cause an upward adjustment in the weights on the index. “For instance, the weight on the NIFTY50 can be expected to increase by ~23 bps,” he explains. While supply overhang seems largely out of the way he believes that demand dynamics are expected to work in favour of the price. In Q3, ITC reported TC Ltd reported a 6.5 percent YoY increase in its consolidated net profit, to Rs 5400.51 crore for the quarter ending in December. Total revenue from operations of the company rose 2 percent YoY to Rs 17,651.85 crore for the same period.Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
NSE:ITC
by dad-and-son-traders
Very short term trade idea in ITC ltd. Entry exit and sl are as mentioned. Strictly follow the levels provided. N.B: I wanted to emphasize that the views I express are strictly personal and should not be construed as advice. It is crucial to consult with your financial advisor before making any trades or investment decisions. The complexity and unpredictability of financial markets underscore the importance of seeking professional guidance tailored to your individual financial circumstances and goals.
NSE:ITCLong
by Subhrajit006