ITC Weekly BreakoutITC has given a weekly breakout. This is a multi-week breakout.
It would be advisable to wait for a re-test and then look for a long trade in Aug/Sep.
Potential Target - 610
Holding Time - 60 days
ITCGX trade ideas
ITC: Charting the Path to Smart Investments!A Flag pattern breakout in ITC!!
The mamoth is ready for more upside, it has the possibility to almost double from here!!
Pole height : 300 points
Breakout point : 455
Price where it can reach due to the pattern breakout : 754
Return Expected : 65-70%
Strong Volumes as well !!
ITC: Charting the Path to Smart Investments!A Flag pattern breakout in ITC!!
The mamoth is ready for more upside, it has the possibility to almost double from here!!
Pole height : 300 points
Breakout point : 455
Price where it can reach due to the pattern breakout : 754
Return Expected : 65-70%
Strong Volumes as well !!
Potential Swing Trading OpportunitiesHere is the video where I explain how I select stocks for Swing Trading and I also share the list of stokcs that may give a good trading opportunity in the week to follow.
I may or may not take any of these trades.
Thank you for watching and I will be happy to receive your feedback.
Umesh
ITC looks bullishITC looks bullish, can see W pattern (not strong one but it is aligned with trendline), can enter at 466 with SL at around 388 for the targets of 548 then 630.
--> do not invest more than 5 to 10% of your capital, do your own analysis before investing/trading so you can have confidence to stay in trade till targets.
This analysis is for only Educational purpose.
ITC LTD BULLISH WITH CONVERGENCE OF SMA SUPPORT NEAR 430ITC Ltd. is an interesting chart to keep on radar and buy on dips with following
1. RSI on all time frames i.e. Daily / weekly/ Monthly above 60
2. Convergence of Moving Averages i.e. 20 day SMA =432
50 day SMA= 433
100 day SMA = 425
200 day SMA = 430.50
Making it a case of Strong strong price support at 425-435 levels.
3. Price Making higher highs for last 3 days
4. Price Close above both last week and last month's high
5. ABCD pattern under formation on weekly chart
Fundamentally :
Company is almost debt free.
Company has a good return on equity (ROE) track record: 3 Years ROE 27.5%
Company has been maintaining a healthy dividend payout of 92.4%
Can be a very better Risk reward to buy on dips and dips only with SL below Moving Average Convergence zone i.e. 420-425
CAUTION: MINOR RESISTANCE NEAR 460-465 ZONE
Lets See How it evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
ITC bullish , target monthly swing highitc buy at 458 stop loss at 448 and tp at 480
making fresh new highs of previous legs target the monthly swing high
buy if the 4hr zone shows displacemnt higher
low probablity of retrace back into the daily fvg
ITC trying to approach resistance line again ITC if closes above 457-460 range then it will targets 482 and LTH (498), monthly closing above 500 will open another run of 300 points at least means 800.
** This is not a trade advise, just making predictions on closing basis on timeframes mentioned.
LONG ITC at 450 LevelsWe are long on ITC, we are taking entry on current levels , for swing trading, Target is 599-600 and sl is @2% below from Entry, or fixed Sl on 434 Levels
ITC - BullishDowntrending Channel Breakout
Cuurently at daily resistance
Expecting a short pull back till 440-45 areas
Before heading out for ATH
Strong support area is only near 400
Expecting 550-600 soon
Turning Bullish: ITCITC has been underperforming for a year
price momentum seen in Daily charts.
Can enter for a short-term target of 480 levels.
Long-term target of 580 is intact considering the intrinsic value.
ITC's Key Support & Resistance: Trade Smartly!Current Scenario:
• ITC is currently trading at ₹429.05, showing signs of consolidation.
• The stock has tested the support level twice (T1 and T2), indicating strong support around ₹402.90.
Key Levels:
• Entry Point: ₹416.25
• Stop Loss: ₹402.90
• Target Levels:
• Target 01: ₹437.90
• Target 02: ₹444.70
Analysis:
• The stock is forming a pattern where it respects the support level, which could be a good opportunity for a bullish entry.
• The previous low and support touches suggest that buyers step in around these levels, providing a safety net for long positions.
Trading Strategy:
• Bullish Scenario: Enter at ₹416.25 with a stop loss at ₹402.90. Look for the stock to move towards the first target of ₹437.90 and possibly extend to ₹444.70.
• Bearish Scenario: If the stock breaks below the stop loss level of ₹402.90, it might indicate further downside risk. In this case, it’s advisable to exit long positions to prevent losses.
Conclusion:
• ITC is showing a well-defined support and resistance structure, offering clear entry and exit points.
• Traders can leverage these key levels to strategize their trades effectively, minimizing risk while maximizing potential gains.
Keywords:
• ITC Stock
• Technical Analysis
• Support and Resistance
• Trading Strategy
• Entry Point
• Stop Loss
• Target Levels
• Market Analysis
• Stock Trends
ITC is ready to break outFMCG sector after continous down fall, now it is getting ready for up move. Once ITC retest its support level 424, you can think for entry into it with 1st resitance in upper side 432
ITC with strong supportHi,
Today i brought ITC for you with below details
- long support line
- inside bar candle
- Volume picking up
- this can be trade with small risk and high returns
- there are multiple resistance also exists
do subscribe to my channel for updates
ITC Technical Outlook, Support Broken with a strong momentumToday an important support of 423 has been broken with a strong momentum having RSI below 40. The price could test the next support level of 414 and if broken then we go for 400.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
What ITC has done so far ? do you know ?Well I have met many Jokers in this platform , who claims so much of victory but have no idea what is happening in the stocks / Indices
They still continue to claim their indicators , Telegram Channels ( Message in Private Box ) , and etc etc and retail usually follow them only to end up getting loss
I had to make this above statement particularly one individual is very irritating me with various methods , i am letting it go ignoring so far
Regarding Scrip , ITC so far have made its move up as 3 wave impulse and have corrected in the pattern of ABC as sharp corrective pattern Wave 4
by which it meets the Guidelines set or advised by R N Elliott as alternative moves of sharp and side ways ( wave 2 is side ways so the wave 4 will be sharp )
Now i am looking for a strong reversal basically on daily then followed by weekly , apparently its still not showing a sign of strong reversal daily
for safe entry and long term prospective one can wait for weekly strong close , because the room to down side is still at large it can come down or it might reverse
at any given condition it must not brake the low of its last impulse leg
So people please wait for strong close on weekly and take a safe entry for next move up
Good luck
ITC Limited Price sustaining above the support zone and 50 EMA on Weekly Timeframe. Also, a big rejection near the EMA in the last week with pretty strong volume.
A good example of low risk high reward trade.
ITC | Next Target 480Rs / 500Rs | T.A (Follow For More..)According to me if ITC breaks the Level of 445Rs in the upcoming days and closes the 2 bullish candles above the 445Rs price zone. So, the next 1st Target is 480Rs and
the 2nd Tagart Level is 500Rs.
Why? I'm Telling this!!
> Because BJP is won.
> The financial budget is coming soon. and I am pretty sure
financial minister talking about ITC.
> After the 4 June dump the stock fully recovered in just 2 Day's
So, After knowing this all things there is one think is confirm is ITC have lot's of bulls Volume
For Future UPDATES Follow and Give se Boots
So, I will time to time update you.
