ITC
ITC1!01-12
Daily chart of ITC1!
LTP: 342.55
The RSI looks weak. The setup is bearish and it is under the 50 mark which indicates weakness
The candles did breach the resistance (manual) at 349.15 but couldn't hold and have been respecting the resistance.
Support (200 EMA) is at 300 and the gap between the candles and 200 EMA is not comfortable.
I have gone short for intraday.
#DBL #Infrastructure #CNXINFRA #stockstowatch #tradingtips #nse#DBL
NSE: DBL
CMP: 233
TARGET: 288
SL: 215
RR: >3 times
Timeframe: <6M
NSE:DBL and NSE:DBL
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
itc longterm bull the bull of IndiaI am in love with company don't be fooled with just 1or2 years high this is best investment for your bad times my ultimate targets are quite big on this company but for short term it can be trading between the range of 280 to 303 and above 303 it may catch 330/335 but accumulating range is below 290 accumulate slowly it will be in this range for 1 or 2 months for now 285 is the level to accumulate and hold
happy trading
only if it was this easy
PULLBACK GIVEN BY ITC, GOING LONG!!ITC'S bull run, made everyone confused, thats because, ITC not getting any spacefor its bull run. well enough diversified in markets, made ITC to bring a proper focus and management. and that space come after the RUSSIA- UKRAINE WAR. ITC was undervalued from past few years, and barely had given any return. but such an economical factor, affected ITC in a dramatic way, and now it has been stabilized, and returned to its original trend line. in a few time this trend will also be broken, as the volume is pretty great, and ITC even needs to give its corona's impact bull run.
the dark red line has proved the stock's pullback, and now one can go long on it.
ITCITC - It is travelling in Channel Pattern. Due to Market Correction It is falling now and it may Retest the 310 level and it will touch the Previous High as Target 368.50 which was happened on 2017.
Disc- Only for learning Purpose am not responsible if the trade is done based on my analysis. Please do your own Analysis too.
ITC - Price Action Analysis The Trend has started by NSE:ITC already reached at the supply zone and also touched the level of 1.131 (Bearish Shark Pattern) at price 338.30 in weekly TF.
As per the previous candle closing with rejection, we might assume some profit booking here.
SELL : Short opportunity only arise if price breaks the previous week candle low which is 329.70 .
BUY: buyers can wait till 300-303 or if its retrace further , you might seen the good correction up to 260 as well.
If you have other opinions, please share your comment below and like & follow for upcoming great analysis.
Safe Trading ;)
ITC OVERBOUGHT!!! SHORTING!!short itc till - 253,
TARGET 1- 282.
i know itc is great, and given great returns this year. but it has completed its waves and now its yet to fall, with a 3 wave correction. check the volume bars too, it has come to same volumes which were earlier(before corona movemets). i feel such that we can take short positions, but if there is still an upward movement in the stock, then i feel that it can cross 370 range too.
ITC - NSE INDIAIndia Tobacco Company Limited .
The Achilles heel of every investor.
Company website- www.itcportal.com
Honest management, low debt , high dividend yield 4% , growing sales yoy
Diversified businesses - Fast Moving Consumer Goods ( fmcg) , Hotels, Paperboards and Packaging, Agri Business and Information Technology.
FAMOUS BRANDS-
Aashirvaad - Atta/ flour
Sunfeast- biscuits and bakery
Yippee! - noodles ( 2nd best to Nestle's Maggi noodles )
Bingo! - chips and snacks.
CIGARETTES- Insignia, India Kings, Classic, Gold Flake, American Club, Wills Navy Cut, Players, Scissors, Capstan, Berkeley, Bristol, Flake, Silk Cut, Duke & Royal.
____________________________________________________________________________________________________________________________________________
Trade Technical- A classic triangle break, investor prayers to be answered for a reversal. A good buy.
#Emamiltd #HINDUNILVR #ITC #DABUR #BRITANNIA #MARICO #NESTLEIND NSE: EMAMILTD
CMP: 486.35
Target 596 ~23%
Stop Loss: 450 Trailing
RR > 3
Tf 6M.
NSE:EMAMILTD
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations.
With 💚 from Rachit Sethia
ITC , crossing it's RESISTANCE,, to start UPTREND hey guys ,
ITC stock was moving in great and constant UPTREND
BUT as you know that ,
IN STOCK MARKET , a stock will not move in a straight uptrend .
It will follow a pattern and it will move in UPTREND by following that pattern .
so, ITC stock was also following a pattern
and now y'all can see that , this stock has crossed RESISTANCE of that pattern
and it has given a green candle
so therefore ,
i suggest yall that , try to grab this stock and earn high returns ,
i have marked the TARGET , SL AND RR RATIO
try to trade according to given ratio , or you can adjust it
as you like
BUT FIRST CONSIDER THE GLOBAL MARKET SITUATIONS
1. INFLATION
2. WAR
3. RISING BANK RATES
AFTER CONSIDERING THESE SITUATIONS
YOU CAN BUY THIS STOCK
😀😀