ITC Long opportunityNSE:ITC
Stock - ITC
TimeFrame - Weekly
Hello all!
ITC has been facing stiff resistance from the Resistance Trendline since July 2017. It finally broke that trendline in 1st week of April.
The next Resistance zone lies between the price band of 280 - 290. Hence ITC will most likely retrace after hitting that resistance zone and that would be a good time to accumulate because the stop loss will be quite small and it would make for a good Reward to Risk ratio.
*NOT A CALL*
ITCGX trade ideas
ITC | TECHNICAL ANALYSIS | By - Shadow(the noob trader)We can plan for a long in ITC because of the following reasons:
1. TD trend line breakout
2. CMP above the 50 & 200 MA.
3. Breakout with volume above 20 MA.
4. Super trend upper band breakout(Indicates bullish sign)
If it breaks the major resistance(i.e 238) then we can see it trading around the 262 prices.
P.S - If you are planning to buy then you can keep stop loss around the break of trend line or major support.
Please comment with your thoughts on it.
Thank you ;)
ITC - The Rise....ITC the 'rising giant' is showing its heroic move with very
much similarity as the 'Puspha' character, who was misunderstood in the
movie as inefficient man and same here 'ITC' was assumed as slow mover but
now it has changed everyone mindset with a strong move.
ITC has formed rising three method pattern in daily charts after a breakout
which is a positive signal.
ITC has given a weekly breakout above 263 which was a strong resistance.
Both RSI and MACD supporting the up move .
Weekly RSI :-
Daily RSI :-
Though ITC is trading in a channel but it seems that this time it could
break the channel.
#Enjoy_trading
ITC Now showing Breakout SignsITC is looking very strong on charts and after a long time it's ready to give breakout above 265-270, you might see some very good movement here.
Levels are explained in charts
Disclaimer: This study is for educational purpose only & is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Head & ShoulderThe head and shoulders chart is said to depict a bullish-to-bearish trend reversal and signals that an upward trend is nearing its end.
Investors consider it to be one of the most reliable trend reversal patterns.
Left shoulder: Price rise followed by a price peak, followed by a decline.
Head: Price rise again forming a higher peak.
Right shoulder: A decline occurs once again, followed by a rise to form the right peak, which is lower than the head.
#StockMarket #StockIdeas #StocktoWatch #StockToBuy #positionalITC
Good Investment Stock & now in news also.
Give Multi year trendline breakout and now trading at Resistance level
With recent movement in stock seems stock will be correct by 8-12pts
Buy in chunks at CMP and add more in every dips ( if comes to 250-255 levels )
Short term targets looks upto 280-285.
Also hold this stock in portfolio as a investment
----
Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
Please Like & Follow
#ITC - Potential BO#ITC - Potential BO
CMP - 267.80
BO Only Above 275
Next Levels can be expected 285,310,320 & 340
View will be negated below 205
Disclaimer : We are not Sebi registered analyst or Authorized analyst
The charts / Levels / Price projections are only for educational purpose.
This is our personal view, Pls consult your financial advisor before taking decision - Buy / Sell
We will be not responsible for your profit and Loss
Please like and retweet if you like this idea.
Is ITC Ready for 300? Rationale
1) Stock has given a breakout above 266 levels on Daily and Weekly charts with about 36% more than average 20D Volumes
2) 21EMA > 55EMA > 100 EMA > 200 and all these EMAs trending for last 1 month
3) CMP is around 35% above its 52 week low (which is 199) & trading near 52W high
4) RS trending upwards, showing strength
5) RSI placed at 71 levels, indicating strength in the uptrend
6) -ve call side change in OI at 260 & 265 strikes
ITC's new journey?Chart -> Weekly setup of ITC
Cup and Handle breakout above 264 and weekly close above 5 years old bearish trendline. Looks like ITC is forgetting it's past and all the memes to start new journey.
CMP: 267
Targets: 360, 400
Stoploss: 210
Disclaimer: This is for educational purpose only. This is not any recommendations. I am not SEBI registered. Please consult your financial advisor before taking any action.
SEEMS LIKE ITC TOOK ALL MEMES SERIOUSLY :))ITC has given a strong weekly breakout of 5-year-old trendline and an inverted head and shoulder pattern.
Buy above 269 level and on dips till 257 (if it retests the trendline) for positional targets of 280 and 288.
This is a swing recommendation so buy on day closing basis.
Learn & earn,
Dr. Tanya Kumar