ITC - What's next in short term ??The short-term chart looks good, now sustaining 220 levels can take stock to 236 levels in the near term.
Currently, ITC trading at 222.60, looks like a good risk-reward trade
ITC trade ideas
ITC BULLISH OUTLOOKITC Consolidation for a last weeks in price range 216 to 222 next result date 21 jan 22
itc gonna shock every one sustaining above 250. 2022 is year for itc. long time around 220 now it's time to make 220 strong support rather than resistance. The last quarter is of FMCG and itc gonna shock everyone.
ITC is long term holdThis stock is sleeping Giant which is going to be massive as soon as it wake up. Buying as much as I can below 250 INR.
ITC LONG TERM1. ITC trading at the bottom of the channel .
2. May give good short term rise till the top of the channel plus addn dividends are always good to have
Trade for long term
LIKe IF YOU AGREE .
ITC BREAKOUT can be good for long runITC BREAKOUT can be good for long run
ITC BREAKOUT can be good for long run
ITC BREAKOUT can be good for long run
ITC BREAKOUT can be good for long run
ITC BREAKOUT can be good for long run
ITC VIEW ITC TIME FRAME 15M
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ITC sell 220.90/- ? Delhi is now under strict rules . ITC mein decline from 220.90 . Song fib resistance ahead . Upward continuation May halt over here for a while.
This is a weak pattern of ITC This kind of pattern usually fail to continue upward. It is showing market weakness . for Monday morning I love to sell ITC around 218.30 or 218.70 area.
ITCNSE:ITC
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ITC - SWING OPPURTUNITYITC has been trading in a descending channel, where it pulled back from the recent support and can be kept long for few days.we are not SEBI registered , This analysis is for educational purpose only, kindly contact your financial advisor before taking any positions.
Breakout and Retest in ITCBreakout and retest.
Target 1 = 310 (RR 1:6)
Target 2 = 380 (RR 1:10)
Stoploss @ 195
High probability swing trade opportunity.
ITC Long Term Bullish Trend - Slow upwards grind - BUY zone ITC has been a MEME stock for India stock traders as the performance of this stock has been very poor compared other stocks, even in the hyper bull run over last 18-20 months. But if you're a long investor and looking for defensive stocks with good dividend yields, wanting to preserve capital, ITC would be a good stock in the portfolio. If you notice the ITC chart closely, you can clearly see it has been in upwards bullish channel over last 18-20 months, making higher highs and lower lows. It's getting very close to test the lower channel support line and also 200 DMA support around 215-216 Rupees. If you're a mid term swing trader, you can buy low at the channel and sell when it hits channel upper line. Long term investors can start accumulating at 215-216 levels, as 2022 will be more defensive play and institutions will pile up their money in dividend paying stocks. Key Support line to watch 205 and 200. Key resistance line to watch 266-267.
Nifty 50 Stock Analysis Series - 7th stock - ITCNifty 50 Stock Analysis Series - 7th stock - ITC
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My Analysis:
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** Daily Timeframe **
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1. was in channel pattern till 15th Sep and got a breakout, surged to Rs.260 with little retest.
2. Then, the correction wave (ABC) started and is in the C wave. It may reach Rs.210 in the next 1-2 weeks.
3. MACD is also below. So, wait for now.
4. Target 1 - it may go up (10% at least) to Rs.240
5. Target 2 - it may go up (20% max) to Rs.260
6. Wait for entry. Entry and target points are marked in the chart.
Note:
I'm not recommending buying this stock. This is for education purposes.
This is my view, based on my learning.
Please do not trade without your own conviction.
Please invest after careful research. I'm not responsible for your profits/losses.
- Gnanasekaran
ITC Trend Analysis 20 Dec 2021ITC broke the support level in 4hr charts and also the Trendline support on weekly timeframe.
Is the bear trend begun for ITC and more downtrend expected?. What are your thoughts?
20 Dec 2021.
ITC making an ascending flag patternIn daily time frame ITC made an ascending flag pattern and given a breakout with good amount of volume, RSI shows overbought zone.. might it retest the level and move forward
ITC - Very Little HopeITC has formed a bearish flag pattern on weekly timeframe. It has recently tested the supply area and falling drastically ever since. This trend in confluence with any negative news such as omicron can bring the price to unexpected levels.
ITC Investors Meet @ Dec 14 2021ITC will hold its 'Institutional Investors and Financial Analysts Day' on Tuesday, 14th December, 2021 from 10.30 am
A news report by CNBC-TV18, citing sources, said that ITC is planning to finalise ‘next strategy’. The company may also look at integration across mega FMCG brands, the report added.
The stock market participants have also been expecting of the announcements or clarity related to the conglomerate's demerger of businesses.
ITC has a diversified presence across industries such as FMCG, hotels, packaging, paperboards, specialty papers and agribusiness. Shares of ITC have been somewhat of a dull performer amid the recent bull market rally. The scrip has remained in a rangebound trend and is up around just 6% this year as compared to a nearly 23% rise in benchmark Sensex.
Trendline Breakout - ITCLooks like ITC is heading towards a Bull run again after the announcement of "institutional and financial analysis day" on Tuesday.
ITCITC has given a good breakout of a trendline. Once it breaks the yellow line and takes a retest we can enter for swing trade.
ITC at the suppot zone on weekly time frameitc is on weekly time frame demand zone
also on weeklytime frame trendline
RSI is not breaking 50 range support
and same level taken multiple support on both trendilne RSI
seems it will take support from here
ITS good time to enter for long term long at the breakout or high volume daily candle at support zone 2015-217 level
