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ITC LTD

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ITC trade ideas

ITC Bullish; above 455 on Monday 4 Dec. The above information does not constitute investment/trading recommendation and it is purely for educational purpose. Please check the Strategy below... SWING Trading Strategy: Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%) INTRADAY Trading Strategy: 1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within five to 15 minutes. "High Risk Traders" buys in hope of another 2% upmove intraday. "High Risk Traders" may have to patiently wait through the Pullback-Consolidation stage to realize profits. High risk/High reward set up as breakouts may fakeout (reversal)also 2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage"). Safe traders with minimum risk profile may Wait for a breakout from the consolidation to enter at this stage to relize high profits in the final intraday final "Breakout continuation" stage 3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again. Both Safe Traders/High Risk Traders book profits at this stage Stop Loss: @ "Open" price of the day OR "Breakoutprice" This do not constitute, financial, investment, trading, or other types of advice or recommendation.
NSE:ITCLong
by JJ_Breakouts
INDIAN TOBACCO COMPANY, ITC LTD (ACCUMULATE)Sector: Fast Moving Consumer Goods (FMCG)/ Industry: Cigarettes/Tobacco Market Cap: 561,159.09/- Cr. / Category: Large Cap Current Price: 449.8/- Target Price: 483, 499,525/- Stop loss: 425 Ticker: NSE: ITC Recommendation: BUY (Buy @ Current Market Price) Date: 03/12/2023 Highlights We issue a Buy recommendation on ITC ltd. Based on a 3 -weeks target price of 483,499,525/-, offering a 11.3% upside potential from its closing price of 449/- on 01/12/2023. Our recommendation is primarily driven by Elliott wave theory: Elliott Wave Theory Outlook –ITC ltd, Buy @ Current Market Price December 03, 2023 By Dinesh Naidu Hello traders. In this technical research report we’re going to take a quick look at the Elliott wave chart of ITC ltd. As our members know, the stock is showing impulsive bullish sequences that are calling for further strength. Our team recommended members to avoid selling, while keep favoring the long side. Recently we are in an Impulsive structure in a lower time frame. In the further text we are going to explain the Elliott Wave Forecast and trading strategy. The stock has already given us wave ((2)) pull back that has unfolded as a Zigzag pattern in a 4 hours’ time frame. The price might reach extreme zone at 499-525, We don’t recommend selling the stock and prefer the long side from the 61.8 & 100% Fib levels. As the secondary trend might turn bullish in a higher time frame, we expect to see at least 3 waves bounce from our buying zone. Once price bounce reaches 161.8% Fib against the (wave 3) high, we will make long position risk free (put SL at Breakeven) and take partial profits. Invalidation for the long trades is at 425 level. Disclaimer: I am not a SEBI Registered Research Analyst. The information provided here is for education purpose only. I will not be responsible for any of your Profit/Loss with this recommendation. Consult your financial advisor before taking any decisions. Futures, options, stocks, ETFs and over the counter foreign exchange products may involve substantial risk and may not be suitable for all investors. Leverage can work against you as well as for you. You should therefore carefully consider your investment experience as well as financial condition before deciding if trading is suitable for you or not.
NSE:ITCLong
by Dino_Naidu
1
When to sell_ ITCNamaste! I have been tracking ITC for quite some time. Now, I see an upcoming bearish momentum in the coming weeks. Q: Why am I saying this? A: Well, all time high of ITC was Rs 367.70. It broke it's multiyear lows (of Rs 178.65) on 09 March 2020. So, it can be a long term pattern of "lower lows and lower highs". This price can be the next lower highs. Profit booking will definitely come at this prices, because there will be many investors who will be exiting "before Rs 367.7 prices". And Nifty did not break Apr 2022 swing highs, it is indicating an upcoming bearish momentum. Q: When and at what price should I exit? A: You can place a sell stop order at Rs 329.60, so you lock in your profits. I would suggest positional traders to do this. I repeat, prices must break those levels, so your order gets triggered and you exit. For investors, they can consider booking/exiting at such prices as well. And they can consider buying it back at Rs 281 levels. I am not right 100% of the time, so only apply this when my points seem logical to you. Disclaimer: The analysis I have shared is based on my understanding and experience in the markets. Prices may or may not reach mentioned levels, resulting in opportunity loss. Please do your analysis and/or consult your financial advisor before applying anything.
NSE:ITC
by UnknownUnicorn7637383
15
Positional_ ITC1. ITC can breakout from current range. 2. Higher Lows indicating a buying pressure. 3. Shrinking "price-range" is indication of momentum. 4. We can expect two targets of 226 and 237. 5. Upcoming result looks matter of caution. 6. SL and Entry will be decided afterwards. Disclaimer: The views expressed in this article is of my own, you're solely responsible for any decision taken in the markets resulting in financial gains or losses. The analysis I've shared is just for informational and educational purposes only.
NSE:ITCLong
by UnknownUnicorn7637383
4
Investment_ ITCTrading and investing are completely different in nature. In trading, we don't care about the prices whether it's fair or not. We buy high and sell even higher. But in investing, we should only buy a stock near its intrinsic value. No matter if everyone is making money except us. But, price which is justified by fundamentals are sustainable and proved sustainable historically. "Intrinsic value is upgraded or declined based on fundamental changes. I amend my intrinsic value every year based on the growth of the company." So here I am with a stock named ITC. According to my method of calculating intrinsic value, it is worth around ₹300 a share. I will start accumulating shares, near Rs 180 levels (strong weekly support). Well, this will not happen overnight. It may take several months. Some questions answered:- Q: If it is a fundamentally good company, why the price is not moving up? Does the market doesn’t know anything? A: Nope. Market knows everything. But, the market generally moves in a direction of “what is expected and what is unexpected”. Q: So, what’s expected in ITC? A: Well, it’s a good company, good cashflow, no debt, professionally managed company, etc. When the company performs “as expected”, why should its price move in either direction? Price only moves when unexpected things happen. Q: Should the people sell the shares who has already bought and invested in it, so that they can buy at a lesser price? A: Nope. Absolutely not. Investment is not a buy-sell game. It must have long-term view (5 years, 10 years, etc.). Q: Then what's the solution? A: Add more shares. Yes. As long as the company is fundamentally strong, buying at dip or discount is best for investing perspective. And this company is giving dividend of Rs 5 approx every year. That translates into at least 2.5 % every year if the current price taken into consideration. Disclaimer: The views expressed in this article is of my own, you're solely responsible for any decision taken in the markets. The analysis I've shared is just for informational and educational purposes only.
NSE:ITCLong
by UnknownUnicorn7637383