studying RSI divergancethis is a good example of rsi divergence and price action. If we can find in any underlying asset this kind of divergence, we can of course get a decent strategy with less psychological emotion.
ITC trade ideas
itc seems a good investment stoploss should be 204 for intraday , 197 for weekly and 182 for monthly investors. targets will be 211 for intraday, 219 for weekly and 243 for monthly investors. once this stock gives a close above 225 in a weekly chart, real momentum can be seen.
Long ITC for 220,228,2401. Good for investment and will certainly give a good 40% returns in coming few months
2. Traders can look for 220 and 228 but if we get lucky this can become a flying beast in one da
There are lots of jokes about this script but if we really look into the averages of this stock, this stock is readying itself for a wonderful upside and will amaze everyone .
When I say that I am trading it, I am doing so with a closing basis stop loss of 205.
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
ITC getting ready to Flyyyyyyyyyyyyyyyyyyy????????????????ITC: seems like it is completing cycle of Elliott wave of smaller degree and getting ready for new cycle! Let's see.
Swing Trading Idea | ITC Ltd.I am a new member here , the idea was originally posted on my channel on 25.5.2021.
ITC Looking Bullish
Safe Players :-
Sell 200 pe June @ Rs. 3
Risky Players :-
Long 1 Lot ITC June @ Rs. 210.50
Sell 1 lot CE 230 June @ Rs. 3
Tgts - 216-226-239 ( Spot)
SL Below 205
Note : June Future at Discount Due to Dividend Announcement Due on 1st June
ITC LTD 1D TF~~Personal views on ITC LTD~~
Long on ITC for short to medium term. Price is taking support at the new trend line (Black Trend Line) and has given breakout on the previous descending trend line. I have used simple trend line analysis on daily time frame along with RSI and MACD indicators. RSI and MACD showing good strength with good volume. RSI going up with the price action following the trend line. Price is well above all moving averages and showing good strength. 20D SMA crossing 50D SMA on daily time frame. Refer to the Fibonacci levels for immediate target and support. ITC releasing Q4 results tomorrow, hopefully with good dividend which will push the stock further up. Today’s volume was also more than previous weeks average volume.
~~Do your own analysis before investing~~
~~Feel free to share your views and learning’s~~
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 : finally on for 240++ targets?cmp 212.90
after long consolidation in price band 200 to 210 stock has come out of triangle compression zone .
one of the slowest moving stock . this time it can give 10% to 15% returns in short time frame .
finally it has given breakout.buy for...
targets
216/220.20/224.40
230.70/236/241+++ (note : monthly pick)
ITC TRADING IN RANGE ITC TRADING IN BIG RANGE OF 200 AND 235...
NO BIG MOVE ON EITHER SIDE EXPECTED UNTILL THIS RANGE BREAKS...
AS PER CHARTS ITC TRADING IN MONTHLY TIMEFRAME CORRECTION...
Long ITC once breaks channelConsider details provided in chart..
Views are personal and are only for educational purposes..
