ITC trade ideas
ITC IS IN A SIDE WAYS POSITION......ONLY DEMAND AND SUPPLY GAMEBUY IF CLOSE ABOVE 196.25 APPROX
T1= 198.50 APPROX
T2=200 APPROX
I THINK IT TAKES A TETRACEMENT OF 194 APPROX
AFTER THAT SELL BELOW 191.30 APPROX
T1=187.50 APPROX
T2=185.50 APPROX
T3=183.5 APPROX
GAME OF DEMAND AND SUPPLY ONLY.....
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ITC - GO SHORT FOR AUGUST EXPIRYITC- GO SHORT @ 217 WITH A SL OF 230 AND A TARGET OF 157. THIS TARGET SHOULD BE ACHIEVED BY END AUGUST. TRAIL 30% OF SHORT POSITIONS FOR A TARGET OF 139
Buy ITC | Expected Profit 5-6%Goodluck Capital Recommendation
Buy ITC (NSE: ITC)
Buy Range - 194.5-196
Target - 204.5-207
StopLoss* - 191.5
Duration 8-10 trading days
Potential Return^ 5-6%
Risk : Reward = 2 : 5
* Maintain recommended StopLoss by daily closing basis.
Once 1st target hit, reset StopLoss at 202.
^ Potential returns are calculated based on the median of buy range.
ITC double bottomOn ITC double bottom formed , If RSI goes above 50 or sustain on these level good to buy.
ITC: Buy on DipITC:
*Instrument looks it has completed its
3 swing sequence at 134 from the peak 368.
Buy on dip is recommended. Expecting minimum range of 240 .
Breaking 240 will see further upside upto the range of 250-280
ITC - Not yet out of WoodsITC - Though has broken a TL, but not yet out of woods. It is back inside the 6 year long Break Out Box. Any close and sustained B/o above 210+ safe side holds an upside, otherwise back to 180 levels and below that box... 150 would not be surprised to see again. Wait to go long! Better be sure than sorry!
ITC AT SUPPORT EITHER SIDE BREAKOUTHello, Guys!
ITC at it's support of 194 if it breaks on closing basis then sell for target of 181.
And it takes support at 194 then buy for target 205.90 which also fill the down gap which need to be filled.
NOTE : Only for education purpose do add your common sense before making any trade, I'm not responsible for your profit or loss!
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Regards
Sanam Patel
ITC CORRECTION FOR LONG TGT: 218 / 230ITC under correction. Expected retracement level to 176-180. Go for long, TGT: 218 / 230
ITC under ascending triangle - On critical support - Next Level#ITC is moving under ascending triangle and getting support over 100EMA since 3day. If stock will break level 201 then stock will move to resistance 206 but 206-210 is strong resistance. Once level 210 break then only stock will move upward.
Same downside if 100EMA break then then 189 is support.
Showing Bearish in all Technical Parameter:
CCI is trending down
RSI is treading down
MACD line crossed below signal line
Stoch is treading down
William %R Treading down
ATR is decreasing since 3 day
New Shot position
Stock underperforming from Benchmark and sectrol index on 1 week and 3 month both
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Support : 180 and 170
Breakdown : 189
CMP : 195.45
Breakout : 200
Short Target : 206 OR 210 and 219
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Positive & Negative Point:
1) Neutral in Daily and weekly chart.
2) Very bearish in Monthly chart.
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(Disclaimer: This is only for educational purpose.)
ITC - consolidate Buy < 193.8
daily clbs sl 191.5
tg 198.5/205/211
Disclaimer : This is my personal analysis for study purpose not intended for trading.
ITC TECHNICAL ANALYSISNOTE: TRADE ONLY WHEN YOU UNDERSTAND THE CONCEPTS.
TRADE WITH KNOWLEDGE FOR GOOD PROFITS!
VIEW ON ITCAs RSI 14 period is resisting at 60 so the trend is neutral or not bullish in short term
Strong supply or resistance at 205
Weekly RSI also below 50
So we can sell OTM calls to earn theta decay.
Views negate above 215 on a closing basis
Notes
For educational purpose only
