ITC trade ideas
ITC Most Hated Stock in FMCG category i guess ....Level Marked... Buy Zone and Form WHere it is weak..... all there in the chart
LONG ITC above 181 Bullish divergence observed on multiple time frames.
High risk-reward ratio.
TRGT - 188
SL - 180
ITCTHE DELIVERY QUANTITY HAS BEEN HUGE TODAY, THE CHARTS ARE SHOWING IT ALONG SUPPORT, IT CAN BE BOUGHT HERE WITH STOP LOSS OF 180, FOR 187 191 AND 194 AS TARGETS.
IF GOES DOWN THEN MIGHT GO TILL 175 & 170
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Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
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Support level??180.5 should act as support if broken can see much downside. One accumulate few at this level and can add on dips
ITC - closed below these lines.. where does it take it to?I am expecting this to drift down .. question is where to?
ITC (An amazing Trade)Idea posted last weekend. An Amazing move post that. Do share your inputs in any.
[POSITIONAL] ITC Short TradeWeekly:
Bet is that it stays below 208 by Sept expiry
Short 210CE @ 2.85
Long 214.85CE @ 2
ITC Long IdeaITC, Enter 190-192, ITC is consolidating for a while now in the range although it tried to give BO but failed and faced res at 200 MA. so either side BO could give good momentum. I would suggest add small qty at current level and add more at 175-180. Also in case of up move add more qty above 200 MA.
8) @BUY NOW AT - 196 , SL - 193DAILY FINANCIAL WISDOM: True discretionary trading is not based on emotions nor spur of the moment decisions. It's based on experience and insight
ITC (After a failed trade will it give a move now ?)ITC was a failed trade for me the last time i updated the chart. However it still is consolidating in the same zone and is at a point of breach / reversal. The MACD indicator has been compressing for long now any confirmed reversal has to be supported by the breach of the trend line by the MACD line towards the upside. However if the MACD line continues its trend downward we might see ITC breaching its trend line and testing 191.75 levels which it hasn't broken for a while now. A breach of that level should give some decent movement.
The Question still remains will it breach it or will it reverse yet again
The market doesn't look like it is ready to go down so will ITC buck the trend or continue with it ?
