NSE:ITCITC has just shown a highly probable bullish flag breakout. A good entry level for 1.68 target
ITCGX trade ideas
Itc nearby resistanceITC may fall after touching the resistance line. This is for educational purposes only
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)
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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 BreakoutITC has a breakout. 480 can be first target and after that we can trail the stoploss till 500 target is achieved.
ITC 1DITC is at an all-time high. The last day showed a bearish movement. maybe chances of reversal.
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.
Buy ITC Short Term Trading Advice by Goodluck Capital
Buy ITC
Buy Range- 457 - 462
Target- 485 - 490
StopLoss- below 450
Potential Return- 6-7%
Approx trade duration 14 - 15 days
ITC [W ]this good or bad news guys ... my side good stock go to high ,,,.... this good for holding like long term .
inverted head and shoulder
option 1 is like a cup and handle
and
option 2 is inverted head and shoulder
IF YOU LIKE MY IDEA ……like its
Disclosure : I am not Sebi-registered. This channel is for only educational purpose. Any profit/loss, I am not responsible. Before taking any trade on our calls please consult your financial advisors. Thanks
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
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
