ITCGX trade ideas
What is Technical Trading ?Technical trading, also known as technical analysis, involves studying historical price charts and market statistics to identify patterns and trends in order to make informed trading decisions. It focuses on the belief that market prices reflect all available information, and past patterns can help predict future price movements.
ITC LTD#ITC
STOCK NAME: ITC LTD (NSE)
CHART ANALYSIS: Symmetrical triangle within an uptrend channel.
Approaching apex, breakout or breakdown will give major move. Trading near critical support.
TREND: Consolidation inside Medium-term Uptrend
SUPPORT: 413/*398
RESISTANCE: *428/440/455
TRADE SETUP:
BUY above 428 | SL 416 | Targets 440 / €455
X SELL below *413 | SL 423 | Targets ₹400 / €388
I AM NOT SEBI REGISTERED. THIS IS ONLY FOR EDUCATIONAL PURPOSE.
ITC Approaches Key Support Within Mild UptrendTopic Statement:
ITC is trading in a range with a slight bullish tilt, presenting structured opportunities within a defined channel.
Key Points:
* The stock is moving within a slightly bullish up-trending channel, making it suitable for channel-based trading
* A head and shoulders candlestick pattern is emerging, which may signal potential short-term weakness
* The price is nearing the 180-day EMA, making levels near or below it attractive for long-term buying opportunities
Heads Up! ITC Looks Ready to FlyAfter a steady decline from its highs, ITC has made a strong comeback, bouncing perfectly off its trendline support. And now—it’s broken past its trendline resistance!
📈 This breakout could be the start of a new bullish wave, with momentum likely to carry the stock higher in the sessions ahead.
💰 Dividend Alert: ITC has announced a final dividend of ₹7.85 per share, with the ex-date on 28th May. This is the highest dividend declared by ITC in the last 5 years. That could bring some serious action in the next couple of trading days.
🎯 All eyes on ITC—this might just be the breakout we’ve been waiting for!
ITC LTD As of May 16, 2025, ITC Ltd. (NSE: ITC) is trading around ₹435.70. Analyzing the 4-hour timeframe, the following support and resistance levels have been identified based on various technical indicators:
📊 4-Hour Support & Resistance Levels
Support Levels:
S1: ₹433.28
S2: ₹430.67
S3: ₹429.18
Resistance Levels:
R1: ₹437.38
R2: ₹438.87
R3: ₹441.48
These levels are derived from pivot point calculations and can serve as potential areas where the price might experience support or resistance.
🔍 Technical Indicators Overview
Relative Strength Index (RSI): 58.98 – Indicates neutral momentum.
Moving Average Convergence Divergence (MACD): 3.86 – Suggests mild bullish momentum.
Average Directional Index (ADX): 17.89 – Points to a weak trend strength.
Stochastic Oscillator: 51.37 – Reflects neutral conditions.
Supertrend Indicator: ₹413.32 – Below current price, indicating a bullish signal.
Parabolic SAR: ₹437.35 – Slightly above current price, suggesting potential resistance.
📈 Fibonacci Retracement Levels
Considering the downtrend from ₹491.00 (Jan 3, 2025) to ₹390.15 (Apr 7, 2025), the key Fibonacci retracement levels are:
23.6%: ₹413.95
38.2%: ₹428.67
50%: ₹440.57
61.8%: ₹452.48
76.4%: ₹467.20
These levels can act as potential support or resistance zones as the price retraces its previous move.
🧠 Trading Insights
The current price is approaching the R1 resistance level at ₹437.38.
If the price breaks above this level with strong volume, it may test higher resistance levels.
Conversely, if it fails to break through, it might retrace to the support levels mentioned above.
Traders should monitor these levels closely and consider using stop-loss orders to manage risk.
ITC LTD // 1week Support and ResistanceAs of May 1, 2025, at 10:20 AM IST, ITC Ltd (NSE: ITC) is trading at ₹403.05. Based on recent technical analysis, here are the key support and resistance levels for the stock on a weekly (1W) chart:
📊 Weekly Support and Resistance Levels
Immediate Support Levels:
₹402.50
₹394.45
₹388.00
Immediate Resistance Levels:
₹409.10
₹417.30
₹423.75
These levels suggest that if the stock price declines below ₹402.50, it may find support around ₹394.45 and ₹388.00. Conversely, if the price rises above ₹409.10, it could encounter resistance near ₹417.30 and ₹423.75.
🔍 Technical Indicators
ADX (Average Directional Index): 29.19 – indicates a trending market.
RSI (Relative Strength Index): 47.4 – suggests neutral momentum.
MACD (Moving Average Convergence Divergence): -4.66 – indicates a negative trend.
CCI (Commodity Channel Index): 2.74 – suggests neutral momentum.
These indicators suggest a neutral to slightly bearish outlook for ITC in the short term.
📈 Summary
ITC is currently trading near its immediate support levels. A break below ₹402.50 could lead to a decline towards ₹394.45 and ₹388.00. On the upside, resistance is observed at ₹409.10, ₹417.30, and ₹423.75. Traders should monitor these levels closely, as a decisive move beyond these support or resistance levels could signal the next directional move.
ITC Limited ( India’s largest diversified conglomerates )ITC Limited Overview
ITC Limited is one of India’s largest diversified conglomerates, headquartered in Kolkata. Established in 1910 as the Imperial Tobacco Company, it has transformed into a multi-business enterprise with a strong focus on sustainability and innovation.
Key Business Segments
FMCG (Fast-Moving Consumer Goods):
Branded Packaged Foods: Aashirvaad, Sunfeast, Bingo!, Yippee!, and Kitchens of India.
Personal Care: Savlon, Vivel, Fiama, and Engage.
Education & Stationery: Classmate and Paperkraft.
Lifestyle Retail : Wills Lifestyle and ITC Fiama Di Wills.
Hotels:
Luxury hospitality chain ITC Hotels (e.g., ITC Maurya, ITC Grand Chola) with over 120 properties.
Focus on "Responsible Luxury" with LEED-certified green buildings.
Paperboards, Paper & Packaging:
Leading manufacturer of sustainable packaging solutions.
Brands: PAPERKRAFT, ECOLEAF.
Agri Business:
Agri-commodity exports (soy, coffee, spices) and farm-to-fork value chains.
e-Choupal : Digital initiative empowering 4 million+ farmers with market access.
Information Technology:
ITC Infotech (subsidiary): Provides AI, cloud, and cybersecurity solutions globally.
Sustainability & ESG Leadership
Carbon Positive: 3x renewable energy use vs. consumption.
Water Positive: 2x water replenished vs. used.
Solid Waste Recycling Positive: 1.5 million+ metric tons recycled.
Social Impact: 12 million+ livelihoods supported through CSR initiatives.
Global Footprint
Exports to 90+ countries (agri-products, apparel, FMCG).
ITC Infotech operates in 30+ countries.
Leadership
Chairman: Sanjiv Puri (since 2020).
Known for driving diversification into non-tobacco businesses and ESG focus.
IS IT TIME FOR ITC ??? ???📈 Moving Averages
✅ EMA 20: ₹410.63
✅ EMA 50: ₹415.59
Price has closed above both EMAs, which is a bullish signal.
First time in a long while it’s sitting pretty above both moving averages, showing momentum shift.
Support
Strong support zone around ₹392–₹395 — tested multiple times, including that big green candle bounce recently.
Resistance Zone
Major trendline resistance at ₹422–₹425
TRADING STRATEGY
Entry on retest near ₹415–₹417 (if there's a small dip)
Targets: ₹435 → ₹448
SL: Below ₹405 or aggressive SL at ₹410 (below 20 EMA)
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"