ITC BULLISH DEEP CRAB - NEXT TARGETS MEANTIONEDPRICE HIT EXACTLY AT HARMONIC POINT AND REVERSED - SNIPER ENTRY
ITC trade ideas
ITC let's C. ITC the Turtle of the market. No matter how strong it's shell is, Big bulls are still not ready to enter.
But why not? Here is math,
Core segment of Indian Tobacco Company i.e. Cigarettes now no more core as it always been easy hunt for government tax department.
Now Cash cow and evergreen emerging sector FMCG is showing good YoY growth but products are not of necessities category and more scattered. Recently it pumped in Chocolate portfolio with 10k crore and 50 products. So it seems it targeting more young customers and not ready to race with HUL or other FMCGs.
Agri. Business is in boost and in way to replace with tobacco sector.but stone in path is stationery and hotel sector. Unless pandemic is over it will remain as special child with regular feed. Which is also having leat ROCE with highest employed capital.
So Institutes will incash only after clear signals of normalisation of economy.but for us it's at good level if crosses resistance shown under below chart.
Why not buy at consolidation phase and catch value instead waiting for news that ' India's Big bull ready to ride ITC.'
ITC let's C.Core segment of Indian Tobacco Company i.e. Cigarettes now no more core as it always been easy hunt for government tax department.
Now Cash cow and evergreen emerging sector FMCG is showing good YoY growth but products are not of necessities category and more scattered. Recently it pumped in Chocolate portfolio with 10k crore and 50 products. So it seems it targeting more young customers and not ready to race with HUL or other FMCGs.
Agri. Business is in boost and in way to replace with tobacco sector.but stone in path is stationery and hotel sector. Unless pandemic is over it will remain as special child with regular feed. Which is also having leat ROCE with highest employed capital.
So Institutes will incash only after clear signals of normalisation of economy.but for us it's at good level if crosses resistance shown under below chart.
Why not buy at consolidation phase and catch value instead waiting for news that ' India's Big bull ready to ride ITC.'
NSE:ITC LongCan reach 205 in 1-2 weeks. After a little retest/Profit booking , ITC will form Green long candles
ITC waiting for triangle breakout bullishTriangle pattern waiting for breakout. Above 185 will be strong.
ITC - Intraday / Swing Trade SetupITC CMP - 173.95
Looking bearish in higher time frame. One can go for Intraday / Swing trade setup with the following entry, exit & targets
Sell at or below 172 / Stop Loss 178
Target 1 - 170
Target 2 - 168
Target 3 – 165 / 163
Disclaimer: This is my view and for educational purpose only. Trade according to your risk and am not responsible for your loss.
Itc double bottomed Only for education purposes As per my analysis ITC made double bottomed and result seems to be good Monday gap opening soon ITC will touch 200.
ITC - Is the price movement saying something about the Result?ITC - The Price movement saying something about the Result. ADL line not showing any enthusiasm yet. Let us see.
DISC: Not a SEBI Registered. I post charts for my own study.
ITC Harmonics Short and Long both possibleshort below 163 if daily close is below 163 with 175 as SL
Long above 175 with SL 160
bias is more on bullish side. DYOR
ITC trade ideaHi traders, this is my trade idea for ITC for the coming weeks. Let me know your opinion in comments.
ITC - Stock might get weak again ITC - Stock might get weak again
Recent Price Action
Bounced from the support , but couldn’t move past the immediate resistance around 173 levels.
Started forming lower low , lower highs again.
Now, any move below 163 level , can take it towards its immediate support comes that comes around 150-152 levels, below which we may see heavy selling in the stock
