ITC A Money MachineHello Traders,
Sabka Pyaara Sabka Chahita Apne ITC se nazar mat hatana,
Keep an eye on the Mini bull, Sector is performing well & the Leader is Just near Breakout zone 510.
Monthly RSI > 60
WEEKLY RSI > 60
& Daily is Taking rest at 60 zone.
Can Give the Big Targets in coming Months.
Education Purpose Only
Thank You
Prince
ITCGX trade ideas
ITC - ATH breakoutITC ltd is ready for next move.
This stock has been in most of the portfolios. Company is looking to demerge its hotel business from
consumer business, which is positive on the balance sheet.
One of the leader in the industry.
I am looking 600 target in next one 5-6 months.
Potential 1000 target in next 2-3 years is intact.
Buy in every dip. I have been holding this stock 200 levels and have tested my patience a lot.
Please do your own analysis before taking any trade
Happy Trading..
ITC Forms Ascending Triangle PatternITC's ascending triangle pattern suggests that the stock is building up bullish momentum, with a breakout likely to trigger a strong upward move. Traders should monitor the stock closely for a breakout above the resistance level, as this would confirm the pattern and potentially lead to a significant rally. Patience is key as the price approaches this critical juncture.
ITC cup & handle / parallel channel breakout view-the stock has formed cup and handle formation and parallel channel breakout in weekly chart.
This analysis is my own idea.
I don't recommend taking trade based on this idea.
consult your SEBI registered adviser to Know the market risk before.
in.tradingview.com
ITC Flag & Pole patternThe stock has formed flag & pole pattern on the monthly chart.
One can enter above 511 with a strict Stoploss of 422
Target 1 - 599
Target 2 - 640
Target 3 - 697
All levels are mentioned in chart.
#LONGTERM TRADE
#FUNDAMENTALLY STRONG STOCK
#ITC
What is your view please comment it down and also boost the idea this help to motivate us. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
ITC 1HRINTRADAY OR SWING TRADE
- EARN WITH ME DAILY 10K-20K –
ITC Looking good for Upside..
When it break level 494 and sustain.. it will go Upside...
BUY @ 494
Target
1st 509
2ND 522
FUTURE AND OPTION
ITC AUG FUT – LOT 7 (Qty-11200)
ITC 485 CE – LOT 7 (Qty-11200) – PRICE (8.80)
Enjoy trading traders.. Keep add this STOCK in your watch list..
Big Investor are welcome..
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ITC - Expecting a ATH Breakout soon! 50%+ gains loading...Price Analysis & Overview:
1. Prices are holding support, most likely the base formation is complete.
2. EMA support taken
3. It should break the trendline with strength to continue the momentum.
4. Minimum 50% upside move pending.
5. Worst case it might restest 367 breakout level.
6. A must-have defensive (FMCG sector) stock in core pf.
Monthly view:
- Stay tuned for further insights, updates and trade safely!
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
ITC Ltd - Breakout OpportunityDate : 18-Jul-2024
LTP : Rs. 470.25
Targets: (1) Rs. 481 --> (2) Rs. 499 --> (3) Rs. 532
SL : Rs. 433 on daily close basis
Technical View:
• NSE:ITC was going through primary downtrend since Jul-2023.
• After touching the high of 481.45 on 4-Jan-2024, it has retraced 17% to 399.4 level and it has retraced 20% since Jul-2023.
• On 15-Jul-2024, NSE:ITC has broke out from its primary down trend with higher volume.
• NSE:ITC is trading above 20 DMA, 50 DMA and 21 DEMA.
• RSI is trading at 78.79 and MACD is trading at 9.64. Indicating bullish momentum.
• Looking strong to start an uptrend.
Disclaimer : I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. My ideas are published for learning purpose only and are available to everyone at no cost/charge.
UPTREND CONTINUATION IN ITC"ITC" is showing higher-highs in it's monthly chart which shows that the stock is in perfect "Uptrend'. It is getting ready for another rally and the next uptrend will continue above 510 (Let a daily candle close above the Entry point). Keep stop loss at the latest swing low in hourly chart. Target is calculated using ABCD Pattern of Harmonics, which is almost 17% on the deployed capital.
ITC IS GOING TO HIT 500!!!Once share break the green line and it gives positive signal to enter for long term target 500 but 392 is near support too. If by chance it breaks then near term short position will be chosen.
My 1st Target is 427
2nd Target is 450
Since volume is increasing day to day and it is near to support and moreover, reason for downward is BAT going to reduce its stake. I doing to think it will happen at this level. So chances of upward is more as compare to downward.
ITC wave analysis, trendlines, and targets if breakout is givenA. Elliot wave - Seems to be in wave (iii of wave 5)
This script seems to be in the last leg 5 of Elliot wave after spending good amount of time in wave 4 (minor correction phase), if so wave 5 need to be smaller than wave 3 length (290 points)
a. It can be of length similar to wave 1 ~= 140 points target of ~540 OR
b. it can be 1.618 retracement of wave 4 ~=160 points so target of ~=560 OR
c. If it moves above 560 area then will have to wait till top is formed to assess the wave formation again.
For this first it need to cross over 461 on weekly closing basis, then 478 and 500, 526, 538, 560 can be the targets, trailing stop loss strategy must be followed strictly.
B. 3 While Soldiers Pattern on weekly basis in formation :
3 white soldiers formation on weekly basis is likely to form end of this week if stock holds above 450 then it will be a healthy one.
C. Trading near long time resistance trendline:
Closing above 461 will be icing on the cake as that will be above resistance trendline drawn in yellow.
A trade must be executed above the trendline only as that can be the short covering area from where stock can see a fast up move.
*** Please note this is not a trade advice but just chart analysis study shared for educational purpose, one must do his/her own analysis before taking any trade.