ITC
Mother of all breakouts about to happen within JuneAs you can see a triangle is being formed within channel. Upwards breakout will be massive since stock has been consolidating for months.
Analysis for educational purpose only.
ITC - Bullish setup #ITC #Weeklychart
Chances of hitting upper trendline after triangle breakout.
Possible targets after breakout 220,240,250,275++ then expecting a correction.
ITC LONG ITC bULLISH DIVERGEN
We are not Investment Advisor, All calls are for educational purpose and for paper trading. We do not have any access to any non-public information about any company. We are not giving an Financial advice for investment & trading.
ITC CALL 2 DAYSStop loss will be 200 fixed for long 5-7days.
but when it's retest then stoploss will below 5 candle.
If retest fail but on downline with stoploss of 200.
ITC is going to riseNSE:ITC
*Trade Setup*
T1 - 230
T2 - 240
SL - 205
ITC has been trading in a range for a really long time.
200 remains to be a very strong support region and it has taken support over 5 times.
It has formed a triangle pattern so it has the potential to get out of that range and move higher.
Triangle pattern with 3 resistance is a good setup with high probability.
*Trade Confirmations*
- It has been trading in a consolidated range for a long time.
- Descending triangle pattern with 3 resistance is good.
- Volume is higher and it has crossed the average volume.
- Triangles are a really good patterns with high probability.
- Fundamentally good company.
Thank you for patiently viewing my ideas/analysis.
I appreciate it!
Let me know in the comments if you have any doubts or feedbacks
A Simple Trading System - ITCI am posting a simple trading system created by @JustNifty (Shri Van Illango).
I have fallen in love with this system.
Only ITC, MACD, 20 Moving average.
60 minute time frame
I will try this from Monday hopefully and post results too about this system.
Itc breaking outGuy itc is given a breakout in 4h and 1 day timeframes it has been consolidating for ages hope this time it will make new highs
A TRIANGLE PATTERN SUGGESTING A BREAKOUT SOONWE CAN SEE A TRAINGLE PATTERN BEING FORMED SO BE READY TO TRADE
Neutral i suggest wait for price to come down to 190-191 for long ,
here its getting weaker ,
190 will be strong 1d trend support , from there it can be long for 240 and higher.
upper trend line showing weakness.
ITC Short Term viewITC is forming a W-Pattern on daily chart
BUY above 217
Target : 224
Holding period : 1 to 3 weeks
Retail Traders may had throw Out ITC (Mind Voice)NSE:ITC
ITC weekly chart is very interesting and showing strong support at 195-190 .
on last weeks (17th may 2021) bearish candle its seems like frustrated retail traders just throw away ITC and same be have been picked up by Smart Investors.
Its just a Mind Voice.!!!!!!
Thank!!!
|| Hari Om ||
Can ITC do it this time ? xDwell this stock had a bizarre pattern some time ago and now we can finally see a better picture, making a descending triangle: the breakout of it can give good breakouts to this stock finally :)
Happy trading :)
ITC - Bounced from the Important LevelsITC bounced from the important level on the weekly time frame, suggesting buying still comes, whenever prices reach this zone , hence called happy zone for the buyers.
In the near term, it could move up to 213 levels and would zoom up above 215 levels 240 levels.
ITC LONG INTRADAY 17 MAY,2021Dear trader,
If u look at the chart of ITC (analysis based intraday only) the ITC Buy at 214 and Target at 220
Best Buy at 212.
Our Best Buy is based on high quality research and when the instrument reaches this level , it’s a jackpot trade.
Best Buy level might be executed or might not be executed.
The chart clearly indicates Bullish Trend you can also see the candle stick patters for more indepth analysis.
In Intraday most important thing is to enter and exit points.
Our signals are based on analytics, algorithms, mathematical derivatives.
Always be a responsible trader, kindly trade only when you have maximum opportunity in the market with minimum risk and with keynotes like data, analysis and proper strategies.
Kindly message us for strategies and analysis.
breakout with moving averages in convergence all moving averages are together
breakout with volume
in weekly chart also moving averages are converging
