Future of ITC All the Important technical levels are plotted on the chart along with the reasoning.
*It is not an investment advice
ITCGX trade ideas
BullishIn the loving memory of my child Muffin I present you this chart analysis... ...please take trade after strong candle pattern confirmation or rejection from support/resistance ...if my chart analysis helps you and makes you smile then please do " LIKE" ... it will help me a lot and encourage me to do more hard work in chart fundamental and technical analysis ...
you can ask me any thing in comment section I will reply 100 %
ITC --INTRADAY SETUP- 27/04/2022ITC --INTRADAY SETUP --15 MIN CHART
1. CUP & HANDLE formation breakout above 259 level cmp 258.95 Trend look bullish at breakout.
2. Trendline breakout also seen on 15 min chart
3. stock currently trading at upper channel low level possibly bounce to upper level as per channel
4. wave trend setup bullish formation to move upside
5. RSI at mid range 55 level
BUY ITC above 259 intraday
target 261-265
stop loss 255
&& THIS IDEA IS FOR EDUCATIONAL PURPOSE ** trade at own risk !
HAPPY TRADING. !!
Breakout & retest !!!The stock gave breakout And beautifully retested its breakout level.
facing resistance at 273 levl, Once its crossed and sustained that level, we can see good momentum in this stock.
Look the chart for more detail.
This is only for educational purpose.
ITC - May not be favourable for long nowRejections candles visible in the chart, check volume in abs number and (both highlighted in the box). My view is not to go long from here now. I will wait for followup candles.
ITC Buy TimeMinimum 265 and more. Because of bullish Harami Pattern on the Daily chart we can possibly see a swing in the price. Earlier it made a top at 265 which is the minimum target for ITC.
ITC has given tringle BOITC has given Tringle BO on monthly chart. It can buy 249 add more if come 241-234 for the target 275 and 315 1-2 month view.
Trend Change ?This is Monthly Timeframe.
Finally ITC is showing some strength, sell-off started in July 2017 and
it fell more than 60% from it's all time high and made a bottom in March 2020.
And after that it started a retracement, but the retracement have crossed the 0.50 fibo level,
and now approaching the 0.60 fibo level,
that means it not a retracement anymore. It may be a trend change.
Last month it have formed a thick bullish engulfing candle with good volume.
It is showing strength in this month too.
There is now high probability that it may test 0.60 level, retrace, and then break it.
And that will be a confirmation of a trend reversal.
This post is for information purpose only.
ITC poised for a big breakoutITC Cup and Handle pattern breakout? FMCG sector can outperform nifty for a short while if Nifty dips here.
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*
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 20% return from its given pointItc given buy when it was only 225
and its going higher and higher
here resistance level of 265.30 become support now
itc having more up side potential (may be after a consolidation or little correction)
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 splendid chart.ITC was once a favorite of all.
After consolidation of years it has stared its up journey.
It has one way rally since February
and paused for some days recently.
it seems to continuing its up journey recently.
much higher levels are possible as shown in the chart.
ITC WEEKLY ITC has given fresh breakout on weekly chart
Though it can consolidate b/w 240-260 little because this are is not tested but surely journey has been started.
Itc - sellSell from 273.2 to 275
easy tg - 266
Disclaimer : This is my personal analysis for study purpose not intended for trading
ITC - short term reversal point finderfor educational purposes only - based out of RSI and price action selection
stock out of long compression zone ?ITC : 201.85
trade set up :
1. buy up to to 196
2. keep stop loss as 184
3. targets 222/237/256/
276/286+
technical set up :
1. symmetrical triangle pattern .
2. price valuation .
3. multiple time frame price breakout .
ITC seeing some weakness, must hold 258-260 levelsThe stock is seeing some selling with volume in early trade. Whether it is a minor pullback or a deeper will become clear in coming days. It needs to hold 258-260 levels to continue the bull run, or we may see some pause.
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
