ITCGX trade ideas
ITC Ltd view for Intraday 30th September #ITCITC Ltd view for Intraday 30th September #ITC
Buying may witness above 525
Support area 519-520. Below ignoring buying momentum for intraday
Selling may witness below 519
Resistance area 525
Above ignoring selling momentum for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
ITC // Levels // 1h"Welcome to SkyTradingZone "
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For ITC Ltd. on a 1-hour timeframe, here are the key support and resistance levels:
Resistance Levels:
R1: ₹515.00
R2: ₹520.00
Support Levels:
S1: ₹510.00
S2: ₹505.00
Financial Highlights (1H FY2023):
Revenue: ₹42,344 crore (approximately USD 5.7 billion)
Net Profit: ₹10,442 crore (approximately USD 1.4 billion)
Earnings Per Share (EPS): ₹13.19
ITC Level Support Resistance For ITC Ltd (ITC), here are the key support and
resistance levels based on recent data:
1 DAY Timeframe:
Resistance Levels:
R1: ₹520.50
R2: ₹530.00
Support Levels:
S1: ₹507.50
S2: ₹499.35
1-Hour Timeframe:
Resistance Levels:
R1: ₹515.00
R2: ₹520.00
Support Levels:
S1: ₹510.00
S2: ₹505.00
ITC, HUL, Dabur Stock Buy, Sell or hold ?ITC, HUL, Dabur Stock Prices Rise up to 26% in 6 Months: Buy, Sell, or Hold?
In the past six months, several consumer goods stocks, including ITC Ltd, Hindustan Unilever Ltd (HUL), and Dabur India, have seen notable gains, with stock prices rising up to 26%. This impressive rally has sparked interest among investors, who are now contemplating whether to buy, sell, or hold these stocks.
Key Factors Driving Stock Price Gains
Recovery in Consumer Demand
The gradual recovery in consumer demand, particularly in the FMCG (Fast-Moving Consumer Goods) sector, has been a significant factor behind the rise in stock prices. With inflation stabilizing and consumer sentiment improving, companies like ITC, HUL, and Dabur have benefited from increased sales, especially in urban markets.
Signs of Rural Revival
The rural economy, which had been under pressure due to inflation and poor monsoons, is showing early signs of revival. Companies with a strong rural presence, like Dabur and HUL, have started to see an uptick in rural sales, helping improve their overall growth outlook.
Strong Q1 Earnings
The first quarter earnings of these companies have been better than expected, leading to increased investor confidence. ITC posted strong results across its FMCG, hotel, and cigarette businesses, while HUL saw gains in premium products and digital channels. Dabur, too, reported a rise in profit, driven by strong demand in its health and wellness portfolio.
Pricing Power and Cost Optimization
In the face of rising input costs, many FMCG companies have effectively passed on price hikes to consumers without significantly impacting demand. In addition, cost optimization measures have helped protect margins, further boosting investor sentiment.
Positive Market Sentiment
The overall stock market sentiment has been positive, with major indices like NIFTY 50 touching new highs. This has created a favorable environment for large-cap stocks like ITC, HUL, and Dabur, which are seen as defensive picks during uncertain economic times.
Stock-Specific Performance
ITC Ltd: Over the last six months, ITC has been one of the top performers, rising significantly due to its diversified portfolio in FMCG, cigarettes, hotels, and agribusiness. With the cigarette business maintaining stable growth and other segments showing signs of recovery, ITC is seen as a solid bet for long-term investors.
Hindustan Unilever Ltd (HUL): HUL has also seen gains, driven by its focus on premium products and strong distribution network. As rural demand recovers, analysts expect further upside potential in HUL stock, making it a popular choice for investors seeking steady growth.
Dabur India: Dabur’s stock has benefited from increased demand for its health and wellness products, including ayurvedic and natural personal care items. The company’s robust presence in rural areas, combined with its focus on innovation, has made it a preferred stock for many investors.
Analyst Recommendations: Buy, Sell, or Hold?
ITC Ltd: BUY
Analysts remain bullish on ITC, thanks to its diverse business model, strong cash flows, and pricing power in the cigarette business. Additionally, the company’s growing presence in FMCG and its hotel segment’s recovery make it a top pick for long-term investors. The recent stock rally is expected to continue as demand improves across its sectors.
Hindustan Unilever Ltd (HUL): HOLD
Despite its steady performance, some analysts suggest a hold position for HUL, as the stock is already trading at high valuations. However, with a potential recovery in rural markets and continued growth in premium segments, HUL remains a good option for risk-averse investors looking for a defensive stock.
Dabur India: BUY
Dabur is a buy recommendation for many analysts, thanks to its focus on natural and ayurvedic products, which are in high demand post-pandemic. The company's strong rural reach and innovation pipeline make it a growth stock with long-term potential. Additionally, Dabur’s efforts to enhance its digital presence and focus on e-commerce are likely to drive future gains.
Conclusion
With stock prices of ITC, HUL, and Dabur showing impressive gains over the last six months, the outlook for these stocks remains positive, driven by improving demand, strong earnings, and the revival of rural consumption. For investors, ITC and Dabur are clear buy recommendations due to their growth potential, while HUL is seen as a hold for those looking for stability in uncertain markets.
For further stock analysis and recommendations:
ITC Ltd Investor Relations
HUL Financial Reports
Dabur India Investors
ITC breakout tradeITC Ltd., as the stock remains in an upward trend and is trading above its 21-day EMA at ₹505.78. Currently priced at ₹513.20, the stock has dipped slightly by 1.21%, but continues to move within a rising channel pattern. The RSI at 59.14 indicates neutral momentum, suggesting there is room for further gains before the stock becomes overbought. Key resistance lies around ₹520, and a breakout could push the price toward ₹540 or higher. To manage risk, I recommend setting a stop-loss at ₹500, just below the 21-day EMA,
ITC 1HRSWING TRADE
TRADE FOR OPTION BUYERS..
- EARN WITH ME DAILY 10K-20K –
ITC Looking good for upside..
When it break level 512 and sustain.. it will go upside...
BUY@ 512
Target
1st 517
2nd 526
FNO
ITC SEP FUT – LOT 7 (Qty-11200)
ITC SEP 505 CE – LOT 7 (Qty-11200) – PRICE (13.70)
Enjoy trading traders.. Keep add this STOCK in your watch list..
Big Investor are welcome..
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ITC Ltd.- Stock Analysis
ITC Ltd. is currently trading at around ₹509.9, up 1.6% from the previous close. The stock has shown positive momentum with a high of ₹512.85 and a low of ₹503.80 during the day's session. Analysts maintain a "Buy" rating, with a median price target of ₹545.5, suggesting a potential upside of approximately 7% from current levels. The price targets range from ₹400.0 to ₹585.0 for the next year.
The increase in futures prices and open interest indicates a potential for further upward movement, which could make it an attractive option for investors in the near term
Disclaimer: I'm not a financial advisor, and this information shouldn't be taken as financial advice. Always perform your own research or consult with a professional before making investment decisions.
ITC Limited (ITC) - Near Breakout ITC Limited (ITC) appears to be forming a Cup and Handle pattern. This bullish pattern suggests a potential upward breakout after a period of consolidation.
The target price is around ₹550, and a stop-loss can be placed below the handle at around ₹500.
Please note: This is a potential trade setup based on technical analysis. Always conduct your own due diligence and consider risk management before making any investment decisions.
Short (OI) Buildup in ITCHello Traders,
As we can see the whole Trading session ITC failed to Sustain above 510.65 levels which is the strong resistance in ITC now.
& the data says very big short positions has been created in ITC.
Be aleart It can reverse at any given point of Time.
Thank You
Prince
ITC - Symmetrical TriangleITC - Symmetrical Triangle
Name - ITC
Pattern - Symmetrical triangle
Timeframe - Wkly
Status - Breakout with good volume
Cmp - 501.9
Target - 602
SL - 463
Fundamentals :
ITC Limited is a diversified conglomerate with strong fundamentals. Here are some key financial ratios and highlights:
Key Financial Ratios
Price-to-Earnings (PE) Ratio: 30.861
Price-to-Book (P/B) Ratio: 8.821
Debt-to-Equity Ratio: 0.0011
Return on Equity (ROE): 28.69%1
Net Profit Margin: 26.13%1
Enterprise Value to EBITDA: 18.171
Highlights
Profit Growth: ITC has shown a good profit growth of 16.15% over the past three years2.
Return on Capital Employed (ROCE): 36.42% over the past three years2.
Debt-Free: The company is virtually debt-free with a healthy interest coverage ratio of 347.532.
Strong Margins: ITC maintains high margins, with an EBITDA margin of 36.76%1.
Business Strengths
Diverse Portfolio: ITC operates in various sectors including FMCG, hotels, paperboards, packaging, agribusiness, and information technology3.
Strong Brand: The company has a robust brand-building capability and extensive distribution network.
Sustainability: ITC has a good ESG score relative to its sector4.
These fundamentals indicate ITC’s strong financial health, profitability, and growth potential. Are you considering investing in ITC, or do you need more detailed information on any specific aspect?
Pattern :
A symmetrical triangle pattern is a common chart pattern in technical analysis that indicates a period of consolidation before the price breaks out, either upward or downward. Here are the key features:
Structure
Converging Trendlines: The pattern is formed by two trendlines that converge towards each other. One trendline connects a series of lower highs, and the other connects a series of higher lows12.
Volume: Typically, volume decreases as the pattern progresses, indicating a reduction in trading activity and volatility.
Interpretation
Neutral Pattern: The symmetrical triangle is considered neutral, meaning it can signal either a continuation of the existing trend or a reversal, depending on the breakout direction.
Breakout: A breakout above the upper trendline suggests a bullish move, while a breakout below the lower trendline indicates a bearish move12.
Trading Strategy
Entry Point: Traders often enter a position when the price breaks out of the triangle with increased volume.
Price Target: The price target is typically estimated by measuring the height of the triangle at its widest point and projecting that distance from the breakout point.
Stop-Loss: A stop-loss order is usually placed just below the breakout point to manage risk1.