ITC long monthly time frame Itc breakout in monthly timeframe.
This is triangle pattern breakout, one can keep their stop loss @200 and target @360
so this trade is 1:2 risk reward .
Volume is also good , rsi also giving buy signal same as 2017.
This is only for educational purpose not a financial advice.
ITCGX trade ideas
ITC GOING TO FLY?Reasons for long:
1.Consolidating since 2020 ( price Between 207 to 245 )
2. Increasing volume in this month
3. RSI indicator nearing to 60, above this price becomes more bullish
and also nearing to 265.30 previous high, which acts as long time resistance,
trade according to your risk...........
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#ITC at resistance now NSE:ITC
After giving great up move now stock at resistance.
First given good long from harmonic level now find the opportunity for short or profit booking at harmonic resistance.
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns.
📌 That Dash Line Is Called PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone).
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
ITC may see pullback towards 240 levelITC witnessed a stellar one way rally in the past few weeks, as fund managers rushed to park their money into this "cash proxy" stock. At present, ITC is showing early signs of cooling off, likely due to overbought technical indicators which could trigger profit booking by short-term traders. The stock seems to have completed a 5 wave impulsive up-move and likely to see a corrective pullback in the form of an a-b-c, with minimum targets placed around 237-240 zone. (assuming the stock has made an intermediate top near 256 levels, alternatively we may see one more bounce towards 256-260 zone, before the correction begins). On the options chain, max CE OI is at 260 while max PE OI is at 230 strikes.
Live Challenging Stock Market Analysis Buy ITC @ 205.35
Market Analysis
Live Challenging Stock Market Analysis Buy ITC @ 205.35
Target1 @ 230.60
Buy 2 @ 177.40
Target 1&2 @ 192
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Forex Tamil
ITC Ltd.ITC Ltd.
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 as the India Tobacco Company Limited in 1970 and later to I.T.C. Limited in 1974. The company now stands renamed to ITC Limited, where "ITC" today is no longer an acronym.
TECHNICAL ANALYSIS.
Time Frame - 1D
1. Stock comes in the resistance zone.
3. Supertrend is positive.
4. Alligators are in uptrend.
5. Stock trading above 20/50/100/200 DMA.
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: Falling Wedge BreakoutThe stock has given a falling wedge breakout and retested the trendline.
Now if stock breaks 225 level with volume then it can continue its journey towards 260 and upper levels and 260 is multiple time tested resistance.
This stock needs patience so have to hold it for may be a little longer time than 1 month.
DISC: All levels are mentioned on the chart. This is for educational purposes only.
ITC Bullish as per Ichimoku RuleStock Name - ITC. As per the ichimoiku rule, today's close is above the Conversion Line and future kumo
is super bullish and chikou span is slanting upwards. All these parameters are showing the further strength in ITC
More strength will be visible once it will cross 252. Worth to keep in watch list for coming days
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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ITC : Bullish on the way to 300 - a simple price action analysisITC has displayed strength during the past few weeks.
The chart shows that there has been good accumulation of this stock from around 206 levels, and it has found good support levels at around 217 and 230.
Today, it breached the levels of 246 on its way up and closed at 249.75.
The candles denote good buying and the price is above all major moving averages of 21, 50, 100 and 200.
While remaining strong, the price might correct to 246 and 240, before again resuming its journey upwards.
I see it going up to 265 in the short term.
Personally, I am bullish and see it within the range of 300.
RSI and MACD indicators signal bullish sentiment.
Note: Not a buy or sell recommendation
ITC to FMCG Ratio ChartITC is outperforming FMCG Index by a big margin and it has given a rounding bottom breakout on weekly charts. All other FMCG Stocks are getting hammered sue to serious high valuations, however ITC which is undervalued is getting attention from portfolio managers and its being bought.
ITC is providing a high dividend yield above Saving rate which is attracting a lot of value investors focusing on low risk value in equities.
ITCITC Limited is a holding company engaged in the marketing of fast moving consumer goods (FMGC). The Company operates through four segments: FMCG; Hotels; Paperboards, Paper and Packaging; and Agri Business.
Current price is less than the intrinsic value
Low probability of default in next 12 months
PE Ratio 22.71
Largecap
With a market cap of ₹2,93,100 cr,
Over the last 5 years, debt to equity ratio has been 0.21%, vs industry avg of 0.54%
ITC has increased dividends consistently over the last 5 years
Current dividend yield is 4.51%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹45.14 every year
Stock is 1.54x as volatile as Nifty
Note:
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