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.
ITCGX trade ideas
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 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 | Swing Trade📊 DETAILS
Sector: Diversified
Mkt Cap: 570,260 cr
Established 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.
TTM PE : 28.25 (High PE)
Sector PE : 30.10
Beta : 0.63
📚 INSIGHTS
Strong Performer
Stock with good financial performance alongside good to expensive valuation, but lacks price momentum as suggested by technical indicators
8.53% away from 52 week high
Underperformer - ITC up by 4.41% v/s NIFTY 50 up by 9.4% in last 1 month
📈 FINANCIALS
Piotroski Score of 7/9 indicates Strong Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
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ITC CAN MOVE UP AGAIN ITC good set up for intraday with small stop loss
entry above 461.5-462
Stop loss at 458-456 (as per our comfort)
for targets like 466,468,472++
Note: if any trade or value has gone from the place we decided to enter then thats not our trade wait for it to come back or let it go
I am not sebi registered this is my personal view
ITC ready for fall to 445 and 423 , buying given near 430 , On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit