Buying setup in ITC on Daily TF ITC is on its Long Way
Buying Level for ITC -- 209/212/215/219
Target Level -- 240/255
Stop Loss -- 205/203
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ITCGX trade ideas
Weekly chart analysis of ITC Stock is at important Supply Zone.
For Upside rally stock has to close above 323 level and it has a potential to reach 400+ in coming weeks.
Now, 265-275 Price range is very important demand zone. 250 will be the next major Support.
240 will be the ideal SL.
We will update once the breakout is confirmed.
This is just a view not a recommendation to trade. Do your own analysis before making any trade.
Share your opinion in the comment section.
NSE:ITC
ITC strong uptrend target price 314 316ITC strong buying trend in day chart...with hight delivery percentage last 5 trading. so next target 314, 320,328.Time to go for long, get ready to catch the profit. This is knowledge sharing ideas only. If you want to invest consult with your advisor once . Thank you.
ITC forms a symmetrical triangle patternThe stock is currently under consolidation and we can see a formation of symmetrical triangle pattern.
On the upside, 275 and 282 are important hurdles to cross before any significant upward momentum.
On the downside, I see strong support at 258.
Important to note that the stock has found support at or near the 50 day EMA at every downside.
#itc Trade setupNSE:ITC
Whoever holding this stock from lower level, then can keep stop loss at 238(closing basis)
whoever want to take trade they need to understand first current candle and that's DOJI if break low then it might take next support at 238 and if break high of current DOJI then it will activate this harmonic chart and long side target would be 299 on trailing basis.
ones ITC activate this pattern one can short ITC if find reversal.
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns .
📌 That Dash Line Is Called PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone).
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
What's going in ITC lets find it out!! - Long term viewToday I have covered the big buzz stock i.e. ITC.
In this analysis I have covered ITC in weekly & monthly Time Frame & tried to explain the overall structure, till now, including the possible movement of ITC Long term & short term view .
I hope you guys do like the analysis, if you are facing any doubt then please drop me comment I will try to explain further.
If you want to give any suggestions then please allow me to improve. Do comment! Thanks!!
ITC - Bowl Formation ITC : Imperial Tobacco Company
ITC - This stock needs no introduction to investors community on fundamental side and stressful community on traders side
Why this post ?
There was a decent Rounding Bowl Formation near completion on weekly charts which i thought of sharing with my Trading View community.
Some Analysis what i foresee going forward
I am of view that once the bowl formation is completed around in between 303-313 range this stock has very less potential to go in new territory for many weeks (this is my premature assumption as of now) :)
Chintamani :)
Disclaimer
I am not SEBI registered analyst.
My studies are for educational & General purpose only.
Please Consult your financial advisor if you have plans of trading or investing.
You yourself hold sole responsibility of profits and your losses arising of above shared info
ITC LTD: Strong BuyNSE:ITC shows strong buy indicated by PSAR, MACD & Fisher crossover followed by EMA & MA Crossover
Target 2: 343.55
Target 1: 297.25
Stop Loss: 282.55
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.
Buy @282 After Retrace.297 is weekly pivot point resistance and it may resist the trend to continue. Few buyers would also try and book profits. Wait for the reversal and then buy.
PRO:
- Strongly bullish.
- Forming higher high.
- Trending above trendlines.
- Strong RSI.
CONS:
- Near Resistance point.-
- Profit booking may start soon.
ENTRY: 282
TARGET: 308
SL: 277