ITDC trade ideas
[Positional] ITDC Buy IdeaNote -
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 at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy 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. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives
Buy Tourism Stocks - Enjoy your Vacation with ITDCEveryone wants to have a Break from their Routine Life - A Time with Family - A Pleasant Vacation, but all of these comes with Cost
Tourism Sector is a Very expensive area - Not just booking Hotels, Flight Tickets, Money is needed to Buy Gifts from Vacation spots, Food, Appropriate Clothing etc....Where do we generate money for this Expenditure ????
INDIA INC - Interim Budget announcement has shed so much focus on Tourism Development.
ITDC - India Tourism Development Corp is in Focus after the Budget. The stock closed 20% UC on Budget Day - Breaking out of 7 Years Rounding Bottom Pattern
Today being Weekly Close (Feb 2nd) - Wait until 3:15 pm to ensure the BO above 750 has sustained until Weekly Close.
Target 1400 - approx 2x from CMP. Don't miss this, but don't rush in the morning. Wait until stability by day close
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An educational study of potential trending pickNSE:ITDC :Indian tourism department corporation
A potential momentum pattern seen to be unfolding in the ITDC!
How would the price unfold, time could prove that right or wrong!
this is not a trade recommendation but a study of momentum!
This is exculsively for educational purpose.
Do consult your financial advisor before trading / investing in markets
ITDC - Technical long tradeI like this chart. Chart gave a breakout from cup and handle pattern, did complete retracement and regularly making rounding bottom patterns which is a sign of accumulation. Closing above 450 will open next levels of 570 and 700 in medium term. If someone wants to keep a small stop loss then cut this trade on weekly closing below 370. Weekly closing below 340 is a proper stop loss for this trade.
ITDC trendline breakoutBreakout of very longterm trendline on weekly & monthly timeframe
mcap 3722cr
cmp 435 vs book value 41.9
stock pe 50.7 vs industry pe 30.2
dividend 0.51%
debt 0
promoter holding 87% CONSTANT since MARCH 2017
In recent few quarters NET PROFIT & EPS has improved
took medium sized position
PSU stock
Bought yesterday
Long position Very beautiful setup with long term consolidation breakout.
Breakout supported by very strong volumes
Looks good for some decent gain
There is old resistance at 511 however it not very potent due to age however good to keep under observation
Relative strength is strong
Tourism & hospitality sector is performing okay
Good to go
ITDC has Range Breakout and Results Tomorrow ITDC has been in the range of 390 to 415 for a long time/
Multi Day support at 390 is done.
Multi Day Resistance at 415 is done.
Today Bullish Engulfing tried to break but could not sustain.
Results tomorrow, BreakOut Expected for intraday/swing.
Risky players buy above 416 for 421/436/444 target with SL of 412./410.
Safe players buy above 421 for target of 436 /444.
SL 414.
For Learning purpose only NSE:ITDC