My target is nearing.Please go thourgh my two to three posts
of ITC on last feb 14,july 2022 and april 2022.
It has progrssed impulsively.
its journey does not end here.
after achieving this target it may pull back but its journey will contuniue.
don't forget to connect with me by following me and liking my posts.
please go through my recent posts of bank nifty which is well in track
ITCGX trade ideas
ITCIn February 2023 this year, the stock broke above its previous all time high.
Past price breakouts suggest that stock could witness a massive trend on the upside.
Big targets are not new to the stock, and one can hold this stock till it hits 1110 (423.6% FR Level).
Breakout theory remains valid as long as the stock trades above 360.
ITC - Ichimoku Bullish Breakout Stock Name - Itc Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 409
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
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ITC Monthly - Only for investors ITC is running in an higher wave v for 700 + . That is where the profits need to be booked . 316.10 is buying zone . With a SL of 295 . This will only happen if 410.65 is not breached . Always remember we are in wave iv . It will not be easy . But the waves remain intact . Regards
ITC - Head n Shoulder breakdown - 4 to 12% downside potentialITC has given Head and Shoulder pattern breakdown at 377 support levels with good momentum and volumes.
Target is coming to 360, 345, 325 levels in 10 - 20 days.
SL: HRly candle close above 377.
Note: Downside may come fast as to trap all the buyers on the top.
ITC continues to look very strong | Stop Loss Levels revisedITC continues to look very strong. Stop Loss Levels revised.
Short term traders Stop Loss: 370
Momentum Trader Stop Loss: 360
Momentum Traders who can handle volatility can keep Stop loss at: 345
Disclaimer: invested in the stock. Not an advice for you to buy/sell. Just letting you all know the levels as per charts. Do things according to your understanding.
I'm also a non smoker and do not encourage smoking 😒 🚭
ITC to DIVE TILL 350 below 384 closingNSE:ITC ITC has been sideways at the highs of life time and is showing negative signs of sharp down fall set up if it comes down and breaks the range support of 378/369,
below 369we can seen a sharp fall to 350 step by step with only 1 pause/support zone n middle at 363/361.
IF ITC BREAKS RANGE HIGHS/RESISTANCE OF 394 and gives closing and opens new candle above it, then and then only it can carry on the uptrend.
The Ultimate guide to Market structure with 30+ Charts! Hey everyone!👋
In this post, we'll delve deep into market structure, presenting insightful examples to enhance your understanding of this concept.
Introduction:
✅ Market structure is a framework for comprehending the movements and behaviour of markets. In layman's terms, it is a basic form of understanding how markets move.
✅ It can be seen as the flow of the price between a series of swing highs and swing lows.
✅ The market moves in trends, which are the result of various patterns and structures that form and evolve over time.
Exhibit: Various structures and patterns evolving over time into different trends
The market structure allows you to be in sync with the market and avoid counter-trend trading, which enhances the probability of your setups.
Exhibit: Market structure favouring longs
There are broadly 3 types of structures:
1. Bullish (Uptrend)
2. Bearish (Downtrend)
3. Ranging (Sideways)
Illustration: Bullish market structure
Illustration: Bearish market structure
Illustration: Range market structure
📈 What is an uptrend?
✅ Characterised by a bullish market structure.
✅ Formation of higher highs followed by higher lows.
✅ For an uptrend to stay intact, it must preserve its ascending structure - higher highs must follow higher lows.
📉 What is a downtrend?
✅ Characterised by a bearish market structure.
✅ Formation of lower highs followed by lower lows.
✅ For a downtrend to stay intact, it must preserve its descending structure - lower highs must follow lower lows.
✅ Lower highs are allowed if the price goes into compression or re-distribution.
⚡ What is a range?
✅ A range is a zone where the price finds itself bouncing between two levels.
✅ These levels are - range high and range low.
✅ The size of the range is dependent on different factors such as asset class, demand-supply, volatility, etc.
A lot of times, the structure won’t be as clear as you want it to be. Conversely, sometimes the structure will replicate the textbook. Hence, you need to be flexible in your approach.
Sometimes, trading in range-bound markets can be challenging due to the choppiness in price movements. However, when the price action is more defined, some traders may prefer to trade the range by executing breakout trades or mean reversion trades from the range high to the range low or vice versa.
It is better to combine market structure with other concepts/indicators for better results.
Exhibits: Bullish market structure
ATUL Industries
Tata Consultancy Services
Rain Industries
Indian Hotels
Navin Fluorine
Delta Corporation
Gujarat Gas
Page Industries
Titan Company
ITC
Exhibits: Bearish market structure
Birla Soft
Tech Mahindra
Indiabulls Housing
L&T Housing
Grasim Industries
Biocon
Tata Power
Canara Bank
NMDC
Bharat Petrol
Exhibits: Ranging market structure
Granules
ITC
Syngene
Hindustan Copper
Thank you for taking the time to read this. I hope you found it to be informative and useful.
Much love, ❤
Rajat Kumar Singh (@johntradingwick)
Community Manager (India), TradingView
NSE ITC - Long Squeeze to carry it to 400+ if NIFTY holdsITC continues to stay under LTH, building tremendous energy. Bounced back off 370 odd when market sold off
Weekly chart breaking through consolidation
Target - 420-440, Stop Loss at 370
Calls - IV at 17% means you only need 3% move in 52 days (till April exp) to break even. Buy ITM Calls 380, Sell 420
Risk - Nifty collapses below 17300 - all bets are off then
Script: ITC Quasimodo Pattern and Elliot Wave Theory Combined.The Quasimodo Pattern is also called Over & Under pattern. It is an advanced price action trading concept in the trading industry.
The Quasimodo pattern is more than a confluence pattern or entry technique than a trading strategy. It uses to confirm the trader’s bias.
Current example for QML reversal trading. Script: ITC Wait for
Entry: 334.
T1: 360
T2: 390
SL: 323
ITC - Looking Weak & Rising Wedge Breakdown PossibleNSE:ITC is looking weak on daily and weekly charts. ADX just crossed 25 ( threshold that I consider ) for directional movement. The downside momentum can continue for targets mentioned on the chart as T1, T2 and T3. The conviction comes from simple price action setup ( weekly doji close and the current week candle closed below doji close ) and open interest data
Positional weekly target also listed if we close below T3 decisively.
Let's see how the story develops. Best wishes!
Disclaimer -
- The opinions expressed here are my own. This is for my own records as well as what I see on charts.
- If you are referring to this, please keep in mind that it is only for educational and research purposes.
- Past performance is no guarantee of future results.
- You must accept responsibility for any decision you make. DO NOT TAKE THIS AS AN INVESTMENT RECOMMENDATION.
- It's your hard-earned cash. Trade / Invest wisely, keeping in mind your trading style, goals and objectives, time horizon, and risk tolerance.
- Before investing, conduct your own research and consult with a financial advisor.
TIA!