ITC - BullishITC taking support at the strongest flip zone 503-503
Bouncing back from here may possible take stock to chart new Ath territory
Any break below 500 will take it back near 575-80
Trade accordingly
ITCGX trade ideas
ITC breakout tradeITC Ltd., as the stock remains in an upward trend and is trading above its 21-day EMA at ₹505.78. Currently priced at ₹513.20, the stock has dipped slightly by 1.21%, but continues to move within a rising channel pattern. The RSI at 59.14 indicates neutral momentum, suggesting there is room for further gains before the stock becomes overbought. Key resistance lies around ₹520, and a breakout could push the price toward ₹540 or higher. To manage risk, I recommend setting a stop-loss at ₹500, just below the 21-day EMA,
#ITC Super breakout from ascending triangle pattern#ITC Super breakout from ascending triangle pattern
Good uptrend; Price above 50 and 200 EMA
Entry - 515-520
Target - 550, 570, 580
Stop Loss - 1:2 ratio
Support Levels:
₹510
₹505
₹500
Resistance Levels:
₹520
₹525
ITC 1HRSWING TRADE
TRADE FOR OPTION BUYERS..
- EARN WITH ME DAILY 10K-20K –
ITC Looking good for upside..
When it break level 512 and sustain.. it will go upside...
BUY@ 512
Target
1st 517
2nd 526
FNO
ITC SEP FUT – LOT 7 (Qty-11200)
ITC SEP 505 CE – LOT 7 (Qty-11200) – PRICE (13.70)
Enjoy trading traders.. Keep add this STOCK in your watch list..
Big Investor are welcome..
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ITC Ltd.- Stock Analysis
ITC Ltd. is currently trading at around ₹509.9, up 1.6% from the previous close. The stock has shown positive momentum with a high of ₹512.85 and a low of ₹503.80 during the day's session. Analysts maintain a "Buy" rating, with a median price target of ₹545.5, suggesting a potential upside of approximately 7% from current levels. The price targets range from ₹400.0 to ₹585.0 for the next year.
The increase in futures prices and open interest indicates a potential for further upward movement, which could make it an attractive option for investors in the near term
Disclaimer: I'm not a financial advisor, and this information shouldn't be taken as financial advice. Always perform your own research or consult with a professional before making investment decisions.
ITC Limited (ITC) - Near Breakout ITC Limited (ITC) appears to be forming a Cup and Handle pattern. This bullish pattern suggests a potential upward breakout after a period of consolidation.
The target price is around ₹550, and a stop-loss can be placed below the handle at around ₹500.
Please note: This is a potential trade setup based on technical analysis. Always conduct your own due diligence and consider risk management before making any investment decisions.
ITC technical analysis Range breakout and flag & Pole pattern formation. Kindly do your own analysis also.
Short (OI) Buildup in ITCHello Traders,
As we can see the whole Trading session ITC failed to Sustain above 510.65 levels which is the strong resistance in ITC now.
& the data says very big short positions has been created in ITC.
Be aleart It can reverse at any given point of Time.
Thank You
Prince
ITC - Symmetrical TriangleITC - Symmetrical Triangle
Name - ITC
Pattern - Symmetrical triangle
Timeframe - Wkly
Status - Breakout with good volume
Cmp - 501.9
Target - 602
SL - 463
Fundamentals :
ITC Limited is a diversified conglomerate with strong fundamentals. Here are some key financial ratios and highlights:
Key Financial Ratios
Price-to-Earnings (PE) Ratio: 30.861
Price-to-Book (P/B) Ratio: 8.821
Debt-to-Equity Ratio: 0.0011
Return on Equity (ROE): 28.69%1
Net Profit Margin: 26.13%1
Enterprise Value to EBITDA: 18.171
Highlights
Profit Growth: ITC has shown a good profit growth of 16.15% over the past three years2.
Return on Capital Employed (ROCE): 36.42% over the past three years2.
Debt-Free: The company is virtually debt-free with a healthy interest coverage ratio of 347.532.
Strong Margins: ITC maintains high margins, with an EBITDA margin of 36.76%1.
Business Strengths
Diverse Portfolio: ITC operates in various sectors including FMCG, hotels, paperboards, packaging, agribusiness, and information technology3.
Strong Brand: The company has a robust brand-building capability and extensive distribution network.
Sustainability: ITC has a good ESG score relative to its sector4.
These fundamentals indicate ITC’s strong financial health, profitability, and growth potential. Are you considering investing in ITC, or do you need more detailed information on any specific aspect?
Pattern :
A symmetrical triangle pattern is a common chart pattern in technical analysis that indicates a period of consolidation before the price breaks out, either upward or downward. Here are the key features:
Structure
Converging Trendlines: The pattern is formed by two trendlines that converge towards each other. One trendline connects a series of lower highs, and the other connects a series of higher lows12.
Volume: Typically, volume decreases as the pattern progresses, indicating a reduction in trading activity and volatility.
Interpretation
Neutral Pattern: The symmetrical triangle is considered neutral, meaning it can signal either a continuation of the existing trend or a reversal, depending on the breakout direction.
Breakout: A breakout above the upper trendline suggests a bullish move, while a breakout below the lower trendline indicates a bearish move12.
Trading Strategy
Entry Point: Traders often enter a position when the price breaks out of the triangle with increased volume.
Price Target: The price target is typically estimated by measuring the height of the triangle at its widest point and projecting that distance from the breakout point.
Stop-Loss: A stop-loss order is usually placed just below the breakout point to manage risk1.
Ready For a Rocket Move "ITC"Stock is near all time high and trading in range. If stock gives breakout of this range we may see a up move towards 550 price.
Entry - 511 to 514
Target 1 -552.20
Stoploss - 493.75
This is not a buy or sell call, analysis is shared for educational purpose.
ITC A Money MachineHello Traders,
Sabka Pyaara Sabka Chahita Apne ITC se nazar mat hatana,
Keep an eye on the Mini bull, Sector is performing well & the Leader is Just near Breakout zone 510.
Monthly RSI > 60
WEEKLY RSI > 60
& Daily is Taking rest at 60 zone.
Can Give the Big Targets in coming Months.
Education Purpose Only
Thank You
Prince
ITC - ATH breakoutITC ltd is ready for next move.
This stock has been in most of the portfolios. Company is looking to demerge its hotel business from
consumer business, which is positive on the balance sheet.
One of the leader in the industry.
I am looking 600 target in next one 5-6 months.
Potential 1000 target in next 2-3 years is intact.
Buy in every dip. I have been holding this stock 200 levels and have tested my patience a lot.
Please do your own analysis before taking any trade
Happy Trading..
Long on ITCLong on ITC. 3:1 Reward: Risk.
Good vwap contraction and getting ready to breakout. 530 is my target.
ITC Forms Ascending Triangle PatternITC's ascending triangle pattern suggests that the stock is building up bullish momentum, with a breakout likely to trigger a strong upward move. Traders should monitor the stock closely for a breakout above the resistance level, as this would confirm the pattern and potentially lead to a significant rally. Patience is key as the price approaches this critical juncture.
Buy ITC for a target of 550Buy ITC for a target of 550 in one month. Stock breaking out on higher time frame, can be added to portfolio
ITC cup & handle / parallel channel breakout view-the stock has formed cup and handle formation and parallel channel breakout in weekly chart.
This analysis is my own idea.
I don't recommend taking trade based on this idea.
consult your SEBI registered adviser to Know the market risk before.
in.tradingview.com
ITC Flag & Pole patternThe stock has formed flag & pole pattern on the monthly chart.
One can enter above 511 with a strict Stoploss of 422
Target 1 - 599
Target 2 - 640
Target 3 - 697
All levels are mentioned in chart.
#LONGTERM TRADE
#FUNDAMENTALLY STRONG STOCK
#ITC
What is your view please comment it down and also boost the idea this help to motivate us. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
ITC 15m BreakoutITC formed a trend line with multiple touch points and with 1:1 Ratio it can be traded
ITC struggling to stay on high zone area 2024.. As per gan High low calculations. Still target for this year is open.
Target 1. 510
Target 2. 560
For a longterm, it has recent consolidated at 400. So we can consider for the target of 900 long term minimum further swing can be extended to 1600
ITC reverse poll & flag pattern formationITC is forming reverse poll & flag pattern. Whichever side it breaks will generate good momentum. In most of the cases it's upside but you never know if that triangle breaks down side, it can give good selling pressure there too.
