ITCITC
Keep an eye
Trend is reversing
Staying above 435 can bring in fresh moves towards 455/483
Nearest important support at 420
ITCGX trade ideas
ITC a good share for target of 485 in near termThe ITC is having bullish on daily candle stick and monthly candle stick . It can hit target of 480 in near term 1-3 months
ITC ltd.itc ltd is sustaining at 400-404 highly demand zone from 1 month this zone also on golden ratio area where buyrs are intrested to boy buy @ this range and please put a stop loss 390 for a swing till 25 march target will 445-450
Momentum Swing Idea| ITC LtdITC Ltd
as you all know it stablished in 1910, ITC is the largest cigarette manufacturer and seller in the country. ITC operates in five business segments at present — FMCG Cigarettes, FMCG Others, Hotels, Paperboards, Paper and Packaging, and Agri Business.
Fundamental = strong
Market Cap ₹ 5,23,098 Cr. Current Price ₹ 419 Stock P/E 25.6
ROCE 39.0 % ROE 29.1 % Debt to equity 0.00
Promoter holding 0.00 % Quick ratio 1.73 Current ratio 2.73
Piotroski score 6.00 Profit Var 3Yrs 7.41 % Sales growth 3Years 12.8 %
Return on assets 23.8 %
This is purely technical analysis and perfect 21 day moving average support .Moreover company is in growing and stable phase .keep in radar .
monthly RSI above 55 and its seems to be reversal signals . if market in uptrend move than this stock will be in uncharted territory.
Note: I am not SEBI registered financial Adviser. I solely present my views on chart .I do not charge any kind of service. This is not buy sell recommendation.
If you like my ideas than like boost and follow me for more ideas.
Thanks and comment freely
ITC Breakout ITC can show V-shape recovery to touch all time high in couple of weeks.
Targets are mapped on chart, 450, 480,500,525 by April end.
itc situation is looking goodIndian tobacco major ITC Ltd, in which British American Tobacco (BAT) sold about Rs 17,000 crore worth of stake this morning, is now within touching distance of its single largest stakeholder in terms of market capitalisation.
As of March 13, ITC Ltd market capitalisation at $64 billion is just short of British American Tobacco’s $68 billion. Notably, while the BAT stock has fallen 21 percent in the last one year, ITC share price has risen about 11 percent.
At close, ITC stock was at Rs 422, gaining over 4 percent, following reports of BAT's 3.5 percent stake sale.
Also read: Brokerages turn bullish on ITC as valuations turn attractive; see 22% upside
BAT, which is ITC's largest shareholder, sold 43.7 crore shares of the conglomerate at Rs 400 per share, for a total of Rs 17,491-crore in a block deal on March 13. With the stake sale, BAT has trimmed its holding in ITC to 25.5 percent.
As of December 2023, BAT owned around 29 percent stake in ITC. BAT became invested initially in the stock during the 1900s. London-based British American Tobacco (BAT) makes and sells cigarettes, tobacco and other nicotine products.
In a note, BAT said that the firm intends to use the net proceeds of the sale to buy back BAT shares over a period ending December 2025, “starting with GBP 700m in 2024”. “We will continue to allocate operating cash flow to fund investment in our transformation and to further deleverage,” the note added.
Also read: ITC stays on Goldman Sachs ‘buy’ list with hope of revival in cigarette volumes
Brokerages continue to remain bullish on the stock. Morgan Stanley analysts expect its outperformance to resume after stake sale. Additionally, the brokerage adds that they remain bullish due to expectations of a moderate cigarette tax environment, continued scale-up of non-cigarette businesses and reasonable valuations.
Fisdom’s Nirav Karkera believes that an increase in free float will cause an upward adjustment in the weights on the index. “For instance, the weight on the NIFTY50 can be expected to increase by ~23 bps,” he explains. While supply overhang seems largely out of the way he believes that demand dynamics are expected to work in favour of the price.
In Q3, ITC reported TC Ltd reported a 6.5 percent YoY increase in its consolidated net profit, to Rs 5400.51 crore for the quarter ending in December. Total revenue from operations of the company rose 2 percent YoY to Rs 17,651.85 crore for the same period.Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Very short term trade idea in ITC ltd. Entry exit and sl are as mentioned. Strictly follow the levels provided.
N.B: I wanted to emphasize that the views I express are strictly personal and should not be construed as advice. It is crucial to consult with your financial advisor before making any trades or investment decisions. The complexity and unpredictability of financial markets underscore the importance of seeking professional guidance tailored to your individual financial circumstances and goals.
Long Trade in ITCITC is currently trading at support zone of 400-410 levels & It is consolidating here since 5-7 days.
I am seeing a trading opportunity here.
I am taking long position in ITC march futures at CMP 407.
I will add more position if 402-404 comes.
My stoploss would be 397.
Target would be 425.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purpose. Thanks!
ITC Daily TF ChartITC Daily chart.
Stock consolidating in a range from 27 days.
Forming W pattern in daily time frame chart
Above 418 can fill 432 gap.
ITC consolidation bullish set up with 1:6 RR1. Set up: Consolidation/accumulation
2. Trend: Sideways to bullish to remove weekhands support level is taken out
3. RR: 1:6 Minimum with lucrative stop loss
ITCITC
Staying above 416 can change its ST trend. May then attempt a move towards 470
can keep a SL below recent low of 399
ITCITC : Decent consolidation after a correction. Support forming near round figure of ₹400 which is tested a couple of times in past few days. it should also be treated as SL. Immediate hurdle around ₹430.
IMPORTANT EXPECTED DIRECTIONAL LEVES FOR THIS YEAR!Hey Folks!
All the important levels are marked along with the description.
I have introduced My new concept of "Time Probability" in this chart which is marked with "YELLOW CIRCLE". In simple words expecting a reversal or a breakout when the stock is in the "YELLOW CIRCEL" .
These levels are marked for expected Uptrend.
Strategy is simple.
Entry point is the value buying area .
Stoploss is the yellow line.
Targets are the upper green lines.
Club these levels with your analysis to have an edge.
ITC Long Opportunity If this 75 or 01 Hr. TL give breakout with rules then we can go long upto given target.
Trade at your own risk.
We are not SEBI registered.
ITC could reward investors from hereonOn every time cycle, ITC has a tendency to form a low and bounce back on upside.
Very few were interested in this stock as it was a major laggard during April 2022.
The recent sharp fall of ITC also made low near this Time cycle date.
Way forward: When Noone seems to be Interested and all Negatives Around, TimeCycle Points towards a Rise from the Ashes 🔥🔥🔥
400 should remain protected on downside.
ITC Looking WeakITC was in the news since so long time, that after years of pressure, it gave a very good breakout and the stock which people use to tease finally skyrocket and touch its all time high mark...
Now it has formed a Inverted Dow in the chart as you can see and it should be slip upto mentioned level but overall it's positive and after retesting the mentioned levels it will again shot up to another high .....
Educational purpose only....
ITC (Double top Possibility)ITC is 15% down from the ATH price i.e 499 now hovering at 420-25 range. For long term investors, you can start sip at or around 400 price which may reflect in better advantage.
NOTE: I'm not a SEBI REG. Study before investing.
ITC retraced from 50% of Fib LevelAfter a big move NSE:ITC has retraced and is bouncing back from 50% of fib level.
1) 460 acting as a resistance level from Aug.
2) This resistance level has been broken with flag and pole pattern or simple after consolidation and with high volume candle
NSE:ITC must take support from 460 and next target can be 480 and 500.
Keep it in your watchlist and act accordingly.
Comment down your queries and suggestions please.
ITC Stock: Navigating Support Zones for Strategic BuysITC is currently trading within the support range of 412 - 406, which was established on April 23rd and has been retested. This range presents a potential buy or accumulation opportunity. In case of a break, consider buying at lower levels, such as 392 and 362, based on the Fibonacci retracement level at 50%.
itc longitc price is in weekly demand zone, meaning that willing buyers exceed willing sellers.. opprtunity to go long to capture the pending irders.. only for edu purpose
