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
ITCGX trade ideas
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
#ITC: Bring 325 as soon as possible! #ITC
1. Inv. H&S Break Out on Weekly Time Frame well supported by RSI.
2. 245-260 is strong base and any dip towards these levels is buying opportunity. (Chances of dips are less though)
3. 325 is the minimum target. My personal target is 600+ in coming months.
4. Closing below 220 WCB is SL for this view.
5. Consult your financial advisor before investing. If you found worth it, Do Like, Share and Comment.
ITC Ltd.ITC Ltd.
(same company due to some new chart pattern and Candlestick)
One of the best company for investment.
ITC Limited is an Indian conglomerate company headquartered in Kolkata. ITC has a diversified presence across industries such as FMCG, hotels, software, packaging, paperboards, specialty papers, and agribusiness. The company has 13 businesses in 5 segments. It exports its products to 90 countries. Its products are available in 6 million retail outlets.
Established in 1910 as the Imperial Tobacco Company of India Limited, the company was renamed the India Tobacco Company Limited in 1970 and later to I.T.C. Limited in 1974. The company now stands renamed ITC Limited, where "ITC" today is no longer an acronym.
TECHNICAL ANALYSIS.
Time Frame - 1D
1. Stock comes around the pre covid level fall.
2. Stock makes a new 52 week high.
3. Supertrend is positive.
4. Alligators are in uptrend.
5. Stock trading above 20/50/100/200 DMA.
6. formation of White Marubozu on the daily chart.
FUNDAMENTAL ANALYSIS.
SECTOR: Cigarettes/Tobacco
1. MARKET CAP - ₹ 3,14,049.11 Cr.
2. P/E - 21.49
3. P/B - 4.96
4. ROE - 21.85 %
5. ROCE - 27.99%
6. EPS - ₹ 11.86
7. CASH - ₹ 4,001.50 Cr.
8. DEBT - ₹ 5.63 Cr.
9. DIV . YIELD - 4.5 %
DISCLAIMER - All analyses are for educational purposes. it is not trading or investment advice.
#education #markets #equities #stockmarket #technicalanalysis #stocks #investment #trading #india #finance #fundamentalanalysis #nse #bse #supertrend #alligator #education #investing #investments #financialmarkets #learningeveryday #learning
ITC BreakoutITC is breaking out of multi year resistance/Supply Zone. Cup and Handle neckline breakout too plus downtrend breakout on daily and weekly timeframe. Take entry on candle closing basis confirmation preferably on Monday. SL at Daily Candle closing below 238. This is not an advise, just sharing my idea. Have profitable and safe trading.
ITC Analysis !! Broke Out📈 ITC Ltd. 📉
This broke out from a Resistance Zone of 234-240 after testing 3 times. ITC on a larger chart forming a triangle pattern which won’t be visible in this chart but I can share on demand.
On Buy Side I am looking for Targets of 260-264.
StopLoss should be kept below 230-232zone.
It offers 1:3 Risk To Reward.
ITC on a larger chart forming a triangle pattern which won’t be visible in this chart but I can share on demand.
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
itc bullish bat long term investmentthough it has good volumes but we need to go by the books now if monthly candle closes above yellow trendline we are good to go magnetic move will come in itc to achieve 289 but if candle monthly closes below yellow line then it may be a problem and invest for long term
good luck