ITC
ITC - GO SHORT FOR AUGUST EXPIRYITC- GO SHORT @ 217 WITH A SL OF 230 AND A TARGET OF 157. THIS TARGET SHOULD BE ACHIEVED BY END AUGUST. TRAIL 30% OF SHORT POSITIONS FOR A TARGET OF 139
ITC double bottomOn ITC double bottom formed , If RSI goes above 50 or sustain on these level good to buy.
ITC AT SUPPORT EITHER SIDE BREAKOUTHello, Guys!
ITC at it's support of 194 if it breaks on closing basis then sell for target of 181.
And it takes support at 194 then buy for target 205.90 which also fill the down gap which need to be filled.
NOTE : Only for education purpose do add your common sense before making any trade, I'm not responsible for your profit or loss!
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Regards
Sanam Patel
ITC under ascending triangle - On critical support - Next Level#ITC is moving under ascending triangle and getting support over 100EMA since 3day. If stock will break level 201 then stock will move to resistance 206 but 206-210 is strong resistance. Once level 210 break then only stock will move upward.
Same downside if 100EMA break then then 189 is support.
Showing Bearish in all Technical Parameter:
CCI is trending down
RSI is treading down
MACD line crossed below signal line
Stoch is treading down
William %R Treading down
ATR is decreasing since 3 day
New Shot position
Stock underperforming from Benchmark and sectrol index on 1 week and 3 month both
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Support : 180 and 170
Breakdown : 189
CMP : 195.45
Breakout : 200
Short Target : 206 OR 210 and 219
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Positive & Negative Point:
1) Neutral in Daily and weekly chart.
2) Very bearish in Monthly chart.
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(Disclaimer: This is only for educational purpose.)
ITC TECHNICAL ANALYSISNOTE: TRADE ONLY WHEN YOU UNDERSTAND THE CONCEPTS.
TRADE WITH KNOWLEDGE FOR GOOD PROFITS!
ITC Trend Analysis for Wave 1ITC life Time Trend finish Wave 2nd. Now start for Wave 3, it for monthly chart. This Chart will Explain long Term invest entry and for Swing Trading also find out entry and exit point.
Now Wave 1 st form as leading diagonal ABCDE.
ITC BullITC has consecutively faced 2 rejections and now it has taken a support at the fibo level. ITC Dividend news has given it a boost up and the last candle has ended with a hammer. Expecting a bull run from ITC - My alltime trustworthy favourite stock.. Note: I have the right to be wrong.
ITC - GREAT OPPORTUNITY TO GO SHORT @ 212 FOR 139 BY AUGUSTITC - GO SHORT @ 212 WITH A SL OF 228 AND A TARGET OF 139. TARGET SHOULD BE ACHIEVED BY MID - AUGUST
ITC - Bullish Trend will come soon.Since long, the stock seems to be under the consolidation phase. After quarter results, i'll wait for a bullish phase.
Clear Down is Vissible upto 179A) 1, 3, 4, Reacts as a sign of Good up movement/ uptrend
( reverse of Rs.179.00 will be a good take off for the
breakout of Rs. 199.00 and the target will be around 220 for shorterm)
B)No. 2, 3a reacts as a continuous downtrend
(if the above fails the price will react at Rs.170 then it will expected
to go down or otherwise it will confirm the next clear trend at around Rs.190.00)
* NOTE- THIS IS MY PERSONAL ANALYSIS AND IT WAS POSTED FOR KNOWLEDGE SHARING BASIS
Clearly this is NOT FOR ANY KIND OF SUGGESTION TO BUY OR SELL.
LTC|USDHello, everyone. Thanks for reading.
You can buy, risk reward is good.
Thanks for reading
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