ITCGX trade ideas
ITC [ HEAD AND SHOULDER ]HEAD AND SHOULDER
START BEARISH mode ... zone ...created get signal like head and shoulder so my side by step by step short ........ trg opens
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ITC breakout with volume and Elliot wave countsThis stock has been under performer most of times, but now the way chart is formed is a good sign for bulls, now it may do out perform against market also.
On daily time frame it has given good breakout along with good intensity of volumes, also trend indicators and oscillators are in favor to go long, Overall wave structure is also suggesting same bias as a bullish views.
Some highlights are shared below as a snapshots.
Breakout with good intensity of volume on daily chart
Wave counts and all the key levels are mentioned on chart, along with stoploss and targets.
MACD in weekly positive above zero line
MACD in daily positive, uptick and above zero line
RSI breakout on daily along with uptick above 60 & 70 levels
RK's mass psychological cloud and RK's stop line both are suggesting to go long
Price is above upper Bollinger band in daily chart, good momentum can be seen ahead
DMI and ADX in daily chart both are in favor to go long, both are positive
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Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Target 2 achieved in ITC | 8.65% mover This idea is a follow-up to ITC
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Disclaimer: The information provided is for educational purposes only. Our intention is not to provide any financial advice, don't take any decision without consulting your financial advisor.
Target 1 achieved in ITC | 5.5% Mover This idea is a follow-up to ITC
You can check the Link to Related Ideas
Disclaimer: The information provided is for educational purposes only. Our intention is not to provide any financial advice, don't take any decision without consulting your financial advisor.
Itc shows Golden opportunityItc Giving opportunity which comes one in many years, how?... let's do analysis _
1. EMA 20/50 crossover on monthly, simple but very effective way to enter in any stock for long term basis, last time it gave crossover when itc was at 15 rs(2003) , n gave exit (reverse crossover ) at 255rs(2020), now again on monthly it gave crossover, a perfect point to enter for long term regular investment or sip, any which ways.
2. Rsi 60 up on all time frame -D/W/M (super bullish).
3. A long _long consolidation phase of 9 years , it is moving in a range since 2013 , and now I observe it is shifting back to bigger channel(yellow), and very close to break its all time high, after that there is a open sky for itc to fly.
4. Above ema20/50/100/200 on D/W/M time frame.
Conclusion- as per channel target I see itc in 4 figure in couple of years , a very reliable stock , can do sip, one time investment for years
Note. If expecting short term wonder this may oy may not fulfill expectation but yes if your horizon is 3-5 years at least, can see wonderful results, I see 3x -5x return in this stock in long term.
BULL FLAG BREAKOUT IN ITCHello traders , here is the analysis for this stock let me know in the comment section below if you have any questions , the entry will be taken only if high of today is taken out. wait for more price action to develop before taking any position . I suggest you keep this stock on your watchlist and see if the rules of your strategy are satisfied...
Keep trading ❤️
Hustle hard ✅
ITC IN FALLING CHANNELHello traders , here is the analysis for this stock let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position . I suggest you keep this stock on your watchlist and see if the rules of your strategy are satisfied...
Keep trading ❤️
Hustle hard ✅
ITC resistance/breakout from trendlineNSE:ITC is most likely to face resistance from trendline around 255 -256
If it is broken then it might go on to make new life time highs continuously.
Note : The information provided is not a trading advise. Just for educational purposes.
Do your due diligence, before entering the trade.