ITC trade ideas
ITC Stock complete in downtrend but bottom of chart make a morning star candlestick pattern with huge volume. it's indicate bearish to bullish reversal possible.
100 dema react as a support.
Good opportunity for create long position with small S.L
Disclaimer:- this is my personal view for education purpose only.
No Buy sell recommendations give by me.
ITC next week view ITC may taken support from these levels shorter term recovery if trades above 444
ITC time to invest first leg ?Friday formed DOJI Candle with high delivery volumes , indicate the selling halt , it may reverse or some short covering on Monday . Monday closing is very important .
ITC shorter view if first hour (tomorrow) not trade below 440 , trade above 444 . we can see buying opportunities.
ITC After a long run stock trend change bullish to bearish with a morning star candlestick at a top of chart.
Broke the trand line and make lower low formation is clearly indicate to downtrend move.
ITC result declared, numbers is good.
Stock show some more Bearishness
Don't buy at this point
Macd and rsi also Bearishness
Disclaimer this is my personal view for education purpose only.
ITC SUPPORT and RESISTANCE areasITC , Support and resistance levels 435 plus or minus 1% is first strong support area
ITC going to hideHi investors now ITC reverse from support area by which SL 450 target 475 in 4-5 days
ITC Daily time frame OUTLOOK ITC shows weaken in daily time frame , support show's 450/445, but closing hourly candle below 450/445 indicate more bearish.425/420 major support . be careful result . closes below 420 indicated major downtrend.
ITC Breakout or Breakdown Risk Reward 1 to 3 Trades
In this approach, Once Breakout or Breakdown levels are breached, we initiate Long or Short positions accordingly with Proper stop loss as mentioned in the chart. Since the Risk Reward is 1:3, we can take a maximum of 3 trades.
If we follow this approach, over the long run, money is gained.
A trader is advised not to treat these setups as lottery tickets. Since only I know why these work (while others may not), only I have the conviction to trade them in real market. So kindly treat them as educational trades only.
Happy Trading!
sell formation ..profit booking timenext 3 month it will give sell formation
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wait for buying level
393 small support for retracement only
368, 347 { best buying level }
last support 212
#ITC needs to cool down before taking off again#ITC hits 500 today!! The biggest gainer among the largecaps in 2023 needs to cool down before continuing it's journey upwards. The odds indicate we might see a time correction, or a price correction (or both) for rest of the year.
Short on ITC I saw a Consolidation and Consecutive Lower Highs
and Now a Break of Support level
indicating Selling pressure
ITC Analysisafter breaking the resisatnce at 455 zone...price moved strongly...
from the last 3 sessions price falls and yesterday it tested the resistance again...
if this bullish continuation or reversal happens...
if reversed on bottom side we have a strong support @455 zone in the form of resistance.
keep track this levels...
ITC Buy ViewITC intraday view for today
Above 475 expectation buy...
Follow strict risk reward and stop loss..
Charts for Educational purposes only.
Thanks,
V Trade Point
ITCGreat upward momentum , a downside to 469 and upward movement to 480 can make the future movement.Lets see.
ITC FOR SWINGITC exhibits a strong and consistent uptrend, making it an excellent opportunity for swing trading. With a swing target set at 490-500 and a stop loss at 459, the risk-reward ratio seems favorable. It is advisable to accumulate ITC shares at its current levels and any subsequent dips. The stock shows potential for further upward movement, making it an attractive option for investors looking to capitalize on its upward trajectory.
ItcItc move in range, 433 is support zone if break this then get a great opportunity to short and make good profit.
