ITC ON CHARTSBelow the box more selling till 430 Closing Above 20 EMA Fresh Buying.
Only For Educational Purpose.
ITC trade ideas
$NSE:ITC Is ITC going to fall further before moving up ?NSE:ITC Is ITC going to fall further before moving up ?
Ignore if huge gap down or gap up.
Follow strict stop loss.
Disclaimer:
This is not a financial, investment or trade advice. Its only for educational purpose.
ITC sinks 3% after Q2 resultsITC sinks 3% after Q2 results in sharpest single-day decline in 12 weeks
The festive season, increase in rural wages, and government spending on infrastructure are expected to propel rural demand ahead
Shares of ITC slipped 3 per cent to Rs 437.80 on the BSE in Friday’s intra-day trade on reporting a lower-than-expected rise in consolidated net profit for the September quarter (Q2FY24).
The stock on Friday recorded its sharpest intra-day fall in the past 12 weeks. Earlier, on July 25, 2023, it had declined 3.3 per cent.
ITCAfter huge return in short term people are looking forward to know the next move...
ITC is going to announce its Q2 numbers today.... So here, is the chart of ITC if it break and close above the resistance line, there is upside move possible or if it breaks the trendline and close below it then we can see the a temporary downside....
ITC LOOKS GOODHi friends, it is 4 hour time frame chart of ITC
Observations-:
1-RSI trending up while price making lower lows.
2-Price completed breakout retest and bouncing from retest zone.
3-Second time price bouncing from same price zone
3-Breakout of Falling trendline.
On the basis of above observations i am going long in it.
Kindly like if you like my analysis.
ITC looks BULLISH, Good for long term.In this video, I have provided my view on ITC for swing trading as well as long term investing.
Watch the video for more details.
ITCItc W pattern breakout abv 456
targets 480 & 500
swing trade
good support at 435 levels sl below 435 closing
ITC-Watch list stock -Wait for 455 levels for any fresh entryITC:Shall keep in the watch list.Holding above 455 and a break out at this levels likely Double bottom or W-Pattren break out and suggests 475+positional Target
ITC looks good for swing tradeIt has formed series of higher highs and higher lows which is indicating that this stock is in uptrend. And now, after a pullback it has shown a breakout which is indicating that this stock is ready to show some bullish moves. Trade at your own risk.
Stock of the year at important junctionNSE:ITC after having a splendid run throughout the year is now at a very important junction. It is a fairly visible H&S (Head & Shoulder) in making but breakdown looks like snowball's chance in hell. Hence that means NSE:ITC can be a good reversal candidate but only after strong close above 456 level. That should lead NSE:ITC towards 500 and then further for new highs. Breakout above 456 may look for a inverted H&S or double bottom breakout. Things are difficult for equity market but the course of this war shall be decided in upcoming days when we will know the participating countries and fronts. One can add NSE:ITC at current levels if they have missed the rally throughout as it is holding on its levels, 432-430 shall act as stop loss. A closing below these levels shall trigger the breakdown of the above-mentioned H&S. We have 2 inside bars in last 4 candles which also indicate accumulation at current levels. It will be very exciting to see which way these positions move. If a breakdown takes place then NSE:ITC will move towards 415-420 levels otherwise this trending stock should remain the contender for more upside this year and further.
ITC# Keep a Lookout for Breakout.
●SL can be maintained below the low of Breakout candle or at previous swing low or at support.
●Enter the trade after a closing on Daily basis.
#ITC Cash : Looks good around 445-447#ITC Cash -Positional for 2 weeks
27.09.2023
Looks good around 445-447
Stoploss 441
Tgt 456-460/480/500
Cmp 449.35
ITC Ltd. May bounce back to ATH 490ITC Ltd. have been holding support zone of 440 since last 1.5 month and today gave solid green candle of 1.5%.
It may break resistance of 455 and move towards 490 shortly.
ITC go long 🚀🚀ITC go long it it crosses 455.65
Entry price : 455.70
Stop loss : 435.85
Target : 492.35
ITC LTDITC LTD looks good to accumulate here with swing low or support area as stop loss for trading purpose. NOTE:- This is for short term trading only, not for investing purpose. Time duration is 1 to 2 months max.
Itc Can start a new waveItc may have completed 2nd wave & will start a new if lows are maintained..
Keep stop loss of 438 or 436 as per you risk appetite for targets of 457 - 470.. will look charts further after that
ITCITC:- If we get a breakout, we can see upside movement.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
Reverse HnS in ITC. Epecting up moveITC forming reverse HnS. Expecting an up move if the pattern breaks out.
ITC UPDATEAs.said.to take hedge against st long. Also said to wait for 15 min to take hedge. Today ITC didn't came down below 443 in first half and so no hedge should be entered. Even though if entered there is minimal loss. Also.said.in conclusion that ITC should resume its uptrend from today. ITC closed.at 447 again and above resistance. ITC is in narrow range an it can expand on upside may be from tomorrow or day.
Conclusion
Hold long. Cash purchase is advised.
Close hedge if opened.Given to close hedge on break above.446.
ITC daily chart falling wedge possible breakoutITC is forming a falling wedge pattern on daily chart in my view...cmp 443. If it holds 430 levels one can see a move till 456 and 490 short term
