ITCGX trade ideas
ITC LTDITC LTD
One of the most sought after stock in recent years
corrected around 20% from high of 499
trying to find ground but still has to cross and sustain above 409 on EOD basis...
those who missed out can start SIP from 340-371 levels...
Other levels marked for using as churning profits from level to level.
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itc buying target ITC Limited is a leading Indian conglomerate headquartered in Kolkata, West Bengal. Established on August 24, 1910, as the Imperial Tobacco Company of India Limited, it has evolved into a diversified multi-business enterprise. Over the years, the company underwent name changes—becoming India Tobacco Company Limited in 1970 and I.T.C. Limited in 1974—before adopting its current name, ITC Limited, in 2001, where "ITC" is no longer an acronym.
ITC operates across several key business segments:
- **Fast-Moving Consumer Goods (FMCG):** This includes its dominant cigarette business (e.g., brands like Gold Flake, Wills Navy Cut, and Classic), as well as branded packaged foods (Aashirvaad, Sunfeast, Yippee!), personal care products (Fiama, Vivel, Savlon), stationery (Classmate, Paperkraft), safety matches, and incense sticks (Mangaldeep).
- **Hotels:** ITC manages over 120 properties under brands like ITC Hotels, Welcomhotel, Mementos, Storii, Fortune, and WelcomHeritage, known for luxury and sustainability.
- **Paperboards, Paper, and Packaging:** A leader in India, ITC produces specialty papers, packaging materials, and eco-friendly solutions.
- **Agri-Business:** One of India’s largest exporters of agricultural commodities (e.g., wheat, rice, spices, coffee, leaf tobacco), ITC empowers farmers through its acclaimed e-Choupal initiative, reaching over 4 million farmers across 10 states.
- **Information Technology:** Through its subsidiary, ITC Infotech, it provides digital solutions globally.
ITC is a major player in India’s corporate landscape, with a Gross Revenue of ₹69,446 crores and a Net Profit of ₹20,422 crores (as of March 31, 2024). It employs over 36,500 people across 60+ locations in India, with products available in 6 million retail outlets domestically and exported to 90 countries. The company is the second-largest FMCG firm in India by market capitalization and the third-largest tobacco company globally.
Sustainability is a cornerstone of ITC’s operations. It is the only company of its size worldwide to be carbon-positive, water-positive, and solid waste recycling-positive for over a decade, creating over 6 million sustainable livelihoods. Nearly 50% of its energy comes from renewable sources, and its hotels hold LEED Platinum certifications.
ITC’s ownership includes British American Tobacco as the largest shareholder (25.5% as of March 2024), followed by the Life Insurance Corporation of India (15.2%). Its equity shares are listed on the Bombay Stock Exchange (BSE), National Stock Exchange (NSE), and Calcutta Stock Exchange (CSE), and it is part of the BSE SENSEX and NIFTY 50 indices. Sanjiv Puri serves as the Chairman and Managing Director, a role he assumed in May 2019, also leading the Confederation of Indian Industry (CII) for 2024-25.
In January 2025, ITC completed the demerger of its hotel business into a wholly owned subsidiary, ITC Hotels, enhancing its focus on core segments while maintaining its diversified portfolio.
ITC Target For Buy Is 352ITC Limited is a major Indian multinational conglomerate headquartered in Kolkata, India. It operates across multiple industries, including **FMCG (Fast-Moving Consumer Goods), Hotels, Paper & Packaging, Agri-Business, and Information Technology**.
### **Key Facts About ITC Ltd:**
- **Founded:** 1910 (as Imperial Tobacco Company of India Ltd.), later renamed ITC Limited in 1974
- **Headquarters:** Kolkata, West Bengal, India
- **Chairman:** Sanjiv Puri (as of recent updates)
- **Revenue:** Over ₹60,000 crore (varies yearly)
- **Stock Listing:** ITC is publicly traded on the **NSE** and **BSE** in India
### **Major Business Segments:**
1. **FMCG** – Popular brands include:
- **Cigarettes** – Classic, Gold Flake, Navy Cut
- **Foods** – Aashirvaad (atta), Sunfeast (biscuits), Bingo! (snacks), Yippee! (noodles)
- **Personal Care** – Fiama, Vivel, Savlon
- **Stationery** – Classmate notebooks
2. **Hotels** – ITC Hotels is a luxury hospitality chain with brands like ITC Grand, Fortune, and Welcomhotel.
3. **Agri-Business** – ITC sources and exports agricultural products like wheat, rice, and spices. The **e-Choupal initiative** supports Indian farmers.
4. **Paperboards & Packaging** – ITC is one of India's largest producers of eco-friendly paper and packaging materials.
5. **IT Services** – Operated under **ITC Infotech**, providing digital solutions globally.
ITC is known for its strong **sustainability initiatives**, being **carbon-positive, water-positive, and solid-waste recycling positive** for several years.
Are you looking for specific details like financials, stock performance, or business strategies?
ITC stock will bounce back soon!!!ITC Limited is a prominent Indian conglomerate headquartered in Kolkata, with a diverse portfolio spanning FMCG, agribusiness, information technology, paper products, and packaging. The company is renowned for its strong presence in the tobacco industry, contributing significantly to its revenue. citeturn0search4
**Fundamental Analysis:**
- **Financial Performance:**
- **Revenue Growth:** ITC has demonstrated consistent revenue growth, with a reported revenue of ₹18,000 crore in the fiscal year ending March 2024.
- **Profitability:** The company maintains a robust profit margin, reflecting its efficient operations and diversified business model.
- **Market Position:**
- **Tobacco Segment:** ITC holds a dominant position in the Indian tobacco market, with brands like Gold Flake, Wills Navy Cut, and Classic leading in market share.
- **FMCG Segment:** The FMCG division, encompassing brands such as Aashirvaad, Sunfeast, and Fiama, has shown significant growth, contributing to the company's diversification strategy.
- **Recent Developments:**
- **Hotel Business Demerger:** In July 2023, ITC's board approved the demerger of its hotel business, leading to the formation of a wholly owned subsidiary, ITC Hotels, effective January 1, 2025. citeturn0search4
- **Sustainability Initiatives:** ITC has been recognized for its commitment to sustainability, achieving carbon neutrality and water positivity across its operations.
**Technical Analysis:**
- **Stock Performance:**
- **Current Price:** As of February 24, 2025, ITC's share price is ₹401.85. citeturn0news9
- **52-Week Range:** The stock has traded between ₹300.00 and ₹498.94 over the past year, indicating a stable performance within this range.
- **Support and Resistance Levels:**
- **Support Level:** The immediate support is around ₹380.00.
- **Resistance Level:** The immediate resistance is near ₹420.00.
**Conclusion:**
ITC Limited continues to exhibit strong financial performance and maintains a leading position in the Indian market across its various business segments. The strategic demerger of its hotel business and commitment to sustainability initiatives reflect the company's forward-looking approach. The stock's stable performance and favorable technical indicators suggest a positive outlook for investors.
ITC is already in Correction mode - MonthlyITC Looks already in Correction mode - Monthly
ITC stock , did large correction lasttime during, started correction July 17 from 265 to 100.76 on mar 20. Then the motive wave started from 100 to 491 till sep 24 i.e. 4 year 6 months or 4.5 years. So ITC had grown 87 points per year during those time.
From sep24, stock has been correcting. While applying Elliot wave, we find the motive wave cycle had ended on sep 24.
So we are expecting a correction . Currently the movement seems rapid downward movement , i.e. 491 to 400 value recently. Movement of - 91 during last 5-6 months. i.e. 18 points per months or 216 points downard per year rate. which is much faster compared to last 87 points up movement speed.
As per theory, it is evident that the correction is there to continue for some time. Current month, we can expect it to do correction till next month march 25, when there is chance of little changes while forming the corrective abc.
Key dates to watch out for the corrective wave are marked on chart. Happy trading.
what is option chain pcr ?The **Option Chain PCR (Put-Call Ratio)** is a ratio used by traders and analysts to gauge market sentiment and potential price direction. It is calculated by dividing the total open interest (OI) of **puts** by the total open interest of **calls** in a particular market or stock.
### Formula for PCR:
\
### What does PCR indicate?
- **PCR > 1**: This suggests that there are more open interest in puts than calls, which is generally considered a **bearish** signal, indicating that traders expect the price to decline.
- **PCR < 1**: This suggests that there are more open interest in calls than puts, which is generally considered a **bullish** signal, indicating that traders expect the price to rise.
- **PCR = 1**: This indicates an **equilibrium** where the market is neutral, with an equal amount of calls and puts.
### How it's used:
- **Sentiment Indicator**: Traders use the PCR to determine the overall sentiment of the market. A rising PCR might suggest that there is growing bearish sentiment, while a declining PCR might suggest increasing bullish sentiment.
- **Market Extremes**: When the PCR becomes too extreme (either very high or very low), it could signal a reversal, indicating that the market might be overbought or oversold.
### Example:
If the open interest for put options in a stock is 100,000 contracts and for call options is 200,000 contracts, the PCR would be:
\
This would typically indicate a **bullish sentiment**, as more traders are interested in calls than puts.
ITC - will turn bullish above 461 ITC chart is created with August 2024 data, "History repeats itself", using that data we are predicting the market can go higher considering the quarterly results above to deliver.
It has all possibility of crossing 500, If i am a long time or short time trader will try to get some shares to my kitty as there were no discourage from the budget on cigarettes, this stock should be rocking.
Please follow the orange zone mentioned, it is the toughest consolidation zone, you can be on the side the stock is trading for the targets mentioned.
"I repeat, the levels are not taking with the live data, it is of August 2024 data".
Remember again. "History repeats itself"
ITC: A Strong Bullish Setup for Swing TradersHello Everyone, i hope you all will be doing good in your life and your trading as well. Today i have brought A Perfect Bullish Setup for Smart Traders In ITC Ltd. Let's start:
ITC is back in action! This stock has caught my attention with its textbook-perfect breakout, making it a solid opportunity for swing traders and long-term investors. With the hotel business demerger complete, ITC is laser-focused on its core strengths—FMCG, Cigarettes, and Agri-business. The chart speaks volumes with an Ascending Triangle Pattern, signaling a breakout that’s hard to ignore.
Here’s what’s happening:
Ascending Triangle Breakout: Higher lows and strong buyer interest pushed the price above 492, confirming the breakout with volume.
Projected Move: After a 38% rally in 2023, ITC continues its bullish momentum with targets set at 492, 550, and 605. If 605 is breached, 650 is on the cards!
Entry and Stop Loss: Best accumulation zone lies between 442-431, backed by the upward trendline. Keep a stop loss below 391 to manage risk.
Why ITC Deserves Attention:
ITC’s valuation is still attractive with a low P/E ratio and one of the best dividend yields in the market. FMCG growth and resilient cigarette margins are driving the stock higher in the short term. Long-term investors will love its diversification, sustainability focus, and consistent performance.
My Take:
ITC is showing all the right signs of strength. This setup is not just for traders but also a gem for long-term portfolios. Keep an eye on ₹605—this could be the level where momentum shifts to the next gear.
Disclaimer: This analysis is for educational purposes only. Please trade responsibly and consult a financial advisor before making any decisions.
If you found this analysis helpful, don’t forget to like, follow, and share your thoughts in the comments below! Your support keeps me motivated to share more insights. Let’s grow and learn together—happy trading!
Buying in ITC for small targetThe ITC 75-minute chart forms a Terminal Impulse.
There is a good buying opportunity near the 440 and 445 price zone.
Strict stoploss below wave 2 which is below 432 level.
The target for wave 5 will be 470.
This analysis is based on Elliott Wave theory and Fibonacci.
Please always do your research before you take any action.
For educational purposes only.
ITC Ltd view for Intraday 6th Jan #ITC
ITC Ltd view for Intraday 6th Jan #ITC
Resistance 485 Watching above 485 for upside movement...
Support area 475 Below 480 ignoring upside momentum for intraday
Support 475 Watching below 474 or downside movement...
Resistance area 480
Above 480 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
ITC Ltd view for Intraday 2nd jan #ITC
ITC Ltd view for Intraday 2nd jan #ITC
Resistance 480 Watching above 481 for upside movement...
Support area 470 Below 475 ignoring upside momentum for intraday
Support 470 Watching below 469 or downside movement...
Resistance area 480
Above 465 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
ITC Ltd view for Intraday 31st Dec #ITC
ITC Ltd view for Intraday 31st Dec #ITC
Resistance 480 Watching above 481 for upside movement...
Support area 470 Below 475 ignoring upside momentum for intraday
Support 470 Watching below 469 or downside movement...
Resistance area 480
Above 465 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
ITC Ltd.The chart for ITC Ltd. (NSE) shows a clear ascending trendline acting as support near INR 435–450 and a resistance zone near INR 540–550. Currently, the price is trading around INR 478. For a long trade, consider buying near the support trendline (INR 435–450) if the price bounces, with targets at INR 500 and INR 540–550, while keeping a stop loss below INR 430. For a short trade, look for entries near the resistance zone (INR 540–550) if the price shows rejection, targeting INR 500 and INR 450, with a stop loss above INR 560. In case of a breakout above INR 550, the next targets could be INR 600–650, whereas a breakdown below INR 430 might signal further downside toward INR 400. Confirm all trades with volume spikes to improve reliability.
ITC Ltd view for Intraday 18th Dec #ITC
ITC Ltd view for Intraday 18th Dec #ITC
Resistance 472 Watching above 473 for upside movement... Support area 465 Below 465 ignoring upside momentum for intraday
Support 465 Watching below 465 or downside movement...
Resistance area 472
Above 470 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,