ITC ShortOn Daily timeframe " ITC" has made lower low so that it could continue downside. Also it has made the "Head and Shoulder" reversal pattern on 1 hour timeframe. WE can look for short trade below the level that has shown in the analysis.
ITC trade ideas
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.
ITCITC had fantastic ralley from 206 to 347 !!
Currently trading below 10 , 21 days EMA !!
May consolidate in 317 to 310 Levels for few sessions before making any strong up move.
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: Smoking hot?at a major resistance, a close above 325 will make it fire to 370. but 325 is hugeee resistance.
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.
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Trade Technical- A classic triangle break, investor prayers to be answered for a reversal. A good buy.
[POSITIONAl] ITC BUY IDEA
risk: Reward ratio is 1: 2
Rest as per Charts
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Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all.
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I use shorthands for my trades.
“Positional” - means You can carry these positions and I do not see sharp volatility ahead.
“Intraday” -means You must close this position at any cost by the end of the day.
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Always follow a stop loss.
In the case of Intraday trades, it is mostly the “Low/High of the Candle”.
In the case of Positional trades, it is mostly the previous swings
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ITC bearish Divergent Chart pattern forming higher high but RSI forming lower low in 4 hour chart pattern and around that area past resistance is there so book profit if your holding and buy again if it breaks that resistance with volume
ITC - Short Term ViewLong Above - 315.70, T1 - 321.85, T2 328.10, T3 - 338.80, T4 - 350.20 , T5 356.25, T6 362.70...... SL - 295
Short Below - 288.50, T1 - 284.45, T2 - 280.95, T3 - 271-269, T4 - 258.75, T5 - 252.50, T6 - 246.30....... SL 306.20
ITC long callITC technical long call it has broke the long term resistance and looks positive on long side.
ITC buy for intraday tradingITC buy for intraday trading if stock break the given previous days high then we will enter in trade.....
ITC in Bullish moveITC trying to join Bullish move.
Maintain proper risk and reward then take your trade
ITC Buy for intraday tradingITC Buy for intraday trading if stock break the given resistance zone then we will buy the stock.......
ITCITC resistance 310 ,take entry above 311 ,
* currently in ITC harmonic pattern complete (Bat pattern ) information about bat pattern - bat pattern sometime touch previous high ,& here in ITC previous high 310 . Now let's see what happens 😁 new entry above only #310 #
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
😀😀
ITC Long TradeITC has given breakout of multi year long resistance. Its also a inverted H&S structure and the minor retracement is done. Rest chart is self explanatory.
ITCITC
Sell @ 280
Target @ 250
Stop Loss @ 292
Risk : Reward 1 : 3 Trade
Note: Please leave comments for any query.
Disclaimer: This is my trading experience, it is not an invite or recommendation to trade.
Best of luck..
Shakthi
ITC going towards 350 soon ?Ready for a 90 points move after giving a C&H break out on weekly time frame ?
ITC NOW CHANNEL RESISTANCE PLACE Itc go on short now channel resistance place hereafter will come any signal for bear candle we go sell side
Itc trading inside a channel going up.Its a good set up to buy .
Fundamentals are also good.
BB EXPANSION
MACD BULLISH MOMENTUM IS ON.
RETRACED TO EXACTLY 61.8% ACCORDING TO ELLIOT WAVE THEORY AND THEN UP MOVE STARTED..
NOW AT UPPER BAND OF THE CHANNEL.
( Don't trade based upon this. )
