ITC trade ideas
ITC Heading to New Highs for the weekSeems like the 4th wave correction is will complete at the levels 227-229 got the move above 239
Entry Levels: 227-229
Strict SL: 223.3
Take Profit : 239
Also there is a high probability of 5th wave getting extended as the wave 3 is not more than 1.618 times that of wave 1.
ITC strong uptrendITC gave a breakout and faced a resistance which can be broken to face a higher resistance. Secondly it can retraceand then give a breakout from the current resistance.
ITC - Intraday / Swing Trade SetupITC CMP - 217.85
Looking bullish in higher time frame. One can go for Intraday / Swing Trade Setup with the following entry, exit & targets
Buy at or Above 221 ONLY / Stop Loss 217
Target 1 - 224
Target 2 - 228
Target 3 - 232
Swing Target - 238 / SL 200
Disclaimer: This is my view and for educational purpose only.
ITC is a Gem for the next decade.NSE:ITC
ITC formed two bullish patterns simultaneously.
Cup and Handle
Bullish flag
A successful breakout was observed on 4 feb 2021
Target 1-250
Target 2- 270
Target 3- 280
I can be 100% wrong.
Please analyze personally before ang trade.
Happy Trading!
ITC getting ready to explode once start closing above 220..ITC is buy ince starts trading above 220 and stays above it... short term target 234.... medium term 268...
flag pattern break out ..Go for buy buy [LONG]Disclaimer: it is just for educational purpose only not for any recommendation
Fake Triangle PatternITC on important level expect to take support around 195 and reverse or if breaking marked demand zone may expect to reach 185
lets see..
channel may formstock is above 200 MA and making a channel . price seems aggressive bullish as making wide bull spread after poor selling (while market correction) volumes are coming in, sl- last swing low.
ITC - Woes may continueITC - formed a dark cloud cover on weekly and last week the sell-off ahead of budget blues. 192 is its long term support line. A weekly closing below can take it to a long term slumber zone between 165-192-200.
DISCL: Not a SEBI Registered. I post charts for my own study.
LONGLong at CMP with SL 199 for target of 222-227. stock is in wave 5 of minor degree which is looking an Ending Diagonal Triangle if it does not break level of 200. Further if it sustains the level 200 and gives upward move, the Stock can move to 240+ in that case SL will be 180.
Trend reversal in 2 hours time for those who trade in daily TimeSimilar W bigger pattern you can see them in the same chart.
ITC - Trend ReversalITC formed a beautiful bullish pin bar from golden Fib level 0.618 + resistance zone.
If it manages to cross Fib level 0.382, possible target of 225.
