ITC breakout soon, trend changew shape pattern possibility
Keep watch
This is just for educational purpose.
ITCGX trade ideas
YR 2022 Idea #6: Long on ITCThis is a public swing trade idea (other private ideas accessible through website) and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
Breakout trendline 🤩This guy form a channel pattern.now it at bottom level of channel and breaks the trendline.
This is one of the better way to enter.if it works ,capture almost 20% move .😎
#Itc cash : Looks good above 230.10#ITC Cash -Positional call
01 Feb 2022
Looks good above 230.10 and dips 225.10
stoploss 220
Target 244/260
Cmp 227.75
ITC BreakoutITC giving a Good Swing Opportunity
Strong Reason:
RSI divergence
Double Bottom Break
Trendline Break As Well
Good Volume at Breakout
To get 1:2
Trigger entry at 226.25
SL 220.95
Target 237.2
Only for study purpose ... Price was making a lower low from last weeks but finally, price one last low brokes out with a strong green candle also on daily time frame.
Some reasons for taking the trade :
1. Price-making historic pattern means breaking out of the last lower low with a strong green candle.
2. Morning star is there with engulfing candle and also hammer which is known as rejection candle.
3. There is also a neckline breakout of the Double bottom.
4. Price rejected two times .618 level of Fibonacci retracement. (In pink line)
SL and TGT's are as shown in the chart.
Isnot it looking beautiful?? what say?Looking good for long term.
DIsclosure:SEBI unregistered. Charts produced are for personal reference only and not any recommendations.
ITC - Waking Giant? All bad news has now been accounted for. No tax hikes this budget for their products.
The stock has recently crossed above both the 200EMA and 200WEMA.
Once the stock can cross above the AVWAP of 230 this stock could start showing bullishness.
Above 245 the stock would break below the downward sloping trendline too.
Trade:
50% long above 230 (Stoploss 218, a shorter term trader can even keep a SL of 225) and 50% long above 245 (Stoploss 230).
Breakout in ITCITC stock has been waiting to see no negative news in the budget before it could move up. Now that the budget is out of the way, this stock has given a breakout from the trend line with hugh volume. At 227.40, it is quoting at the multiple of 19.65 times the earnings. Target of this breakout will be 239, 260. It will not be valid below 221.
Disclosure: I'm not a SEBI registered advisor. This is not a recommendation to Buy/Sell. For education purpose only.
ITC Looks BullishAccording to trend and trend line, ITC looks bullish on chart. Anyone can initiate buy above 229 with stop-loss of 219 for long term as well as intraday. Intraday stop-loss should be 225.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
ITC DOUBLE BOTTOM AND DESCENDING TRIANGLE BREAKOUT - BULLISHNSE:ITC HAS SHOWN A AMAZING BULLISH BREAKOUT AFTER REACTING POSITIVELY TO THREE MAJOR BULLISH REASONS
1. Took support at 32 years old trendline
2. Made double bottom pattern and respected the support zone.
3. Breakout from descending triangle pattern.
YOU CAN ADD THIS FOR TARGE OF 250-260 WITH SL OF 208 FOR MEDIUM TERM, THIS IS ALSO A GREAT PICK FOR SAFE INVESTORS IT ALSO ENTERTAIN WITH AMAZING DIVIDEND EVERY YEAR
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itc buyNSE:ITC
its price channel pattern and given breakout with good volume and crossing rsi 60 gives good hope for long
Note: I'm not a Sebi registered guy, Consult ur analyst before investing
itc having a breakoutbreakout in resistance trend line, good volume, taking a leap on monthly resistance,
long itc for tgt 230double bottom
reversal done
entry can be taken
low beta stock thus less risky
#trading view
ITC - The stock completes consolidationThe Idea is to go long. Targets and Stop loss shall be based on your risk taking capability and style of trading
A Small retracement can happen to test back the Support so be cautious and take entry as per your own analysis
If you have any doubt I'll be happy to clear it out.
:)
ITC Long View on Weekly basisImmediate support is seen at 200. If it closes below 207, then chances are there it will reach 186 and thereafter 167. If it reverses, it may reach 234 levels within June
ITC LTD NICE BUYING SETUPHi Guys, There is a correction forming in ITC Ltd for upside move to the levels of 266. upside move might just touch that level and go back down. so be cautious about that nothing major here just very technical buying pattern buy till break those levels and get out.
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itc looks very bearish for longterm.............................itc looks very bearish for longterm.............................
ITC ltd looks good for swing/positionalITC ltd looks good for swing/positional,
As visible in the chart itself, there are some important levels are marked.
&
It can be taken as Swing/positional trade,
Reasons :
1) Higher high structure on the weekly timeframe
2) reversal possible from this level
3) Good R: R ratio which is around 1:2
Sl can be around 194 for targets of 235/265/320++
Trade on your risk...
Only for educational purpose....
Happy Trading....
ITC ITC CMP 221
We can see a bearish flag,
with the breakdown and retest ...
Now sustaining below 219, we can see more downside
would keep sl of 222
Just a View!!!
ITC SWING TRADEItc coming from Weekly Demand zone
Making higher high
Small supply zone around 225 in daily timeframe but its one time tested.
Nifty Fmcg is also approaching daily and weekly demand zone.
Now If price respect daily timeframe demand zone it can go up to 235 for short term swing trade and 250 in times to come.
