ITC trade ideas
ITC - The Silent Giant Based on Day chart time frame, Near term we can see tgt 1 : 459± & 2nd tgt 487±.
Note: The chart is shared for educational purpose. Do your analysis from your side too.
ITC Short Risky (Against the trend)Only for educational purpose...
Short Position can be taken in ITC....
after a very long matured uptrend....
we can see a Double top Formation ....
as going against the trend is risky .... risk must be minimum....
and Stop Loss must be Strict ...
Risk to Reward Ratio is very Favourable.....
ITC STRONG BULLISH BREAKOUT COMING | UPTREND CONTINUEITC is on fire!!!!
Strong uptrend. Continuous Higher Highs and Higher Lows which shows BULLS are very strong.
Very Simple Trade Idea- If Daily closes above, 452, just buy the stock and keep holding untill the uptrend is intact.
JUST RIDE THE TREND UNTILL IT ENDS!!!
ITCITC at crucial level now. Looks like make or break trading below MA for one hours with volume then we can see further lower level upto Previous AVWAP.
Itc limited Hello traders i hope you are doing well. Today i will share u itc limited analysis for intraday. Trendline breakout then taking support with multiple times. If it break horizontal line then u can short with your levels.
ITC--Bearish View ??observations::
After Gapdown opening from zone 449-452 range price fills the gap and falling again...
Now price starts consolidation again..
sell plan::
If price not able to break above the resistance zone,
again falls below 446 resistance, look for sell up to 432 range
and the previous resistance if failed to acts as support price falls more. keep track this levels.
Book profit in ITC
ITC profit should be booked at this price. I am sure it will give another opportunity to reenter around 5% below the current price.
ITC is strong bullish.....Target will pass in next 2 session.....
One can buy ce option till target level....
ITC--False Breakout @ATHObservations::
----->> Previously a strong sell of is observed @433 level, price again comes back to this level, if this is a false break out @ resistance sell below the resistance again.
Keep your stop loss @ 436. Look for sell opportunity, if price falls below resistance only.
ITC Support LevelsITC Support Levels
ITC Daily Chart support is around 385-378 levels.
ITC Weekly Chart support is around 345-350 levels.
ITC Monthly Chart support is around 320-325 level.
ITC Volume DecliningITC sees a major hurdle ,anytime soon this will break the barriers and move down .Be cautious on long on this stock now.
ITC--Uptrend Resumes or end ??ITC stock observations:
---->trending upwards, broken a strong resistance at 390 (zone previous strong resistance)).
------>after clear trending upwards now price is showing some sort of consolidation, from this level the trend resumes again or reversal may happen.
watch this stock for short position.
As of now ITC trending, upwards can we expect a reversal from here or continue move towards up, we need to wait for further price action to short.
Tryout SMC ITC HomeworkTryout SMC ITC Homework
YTD chart.
there was a conusion whether 1-Mar-2023 low break on 17-Mar-2023 should be considered BoS but since it has not broken trend low i have not taken it as BoS
Its time to take profit off ITC
Its time to take profit off ITC, i think this swing high is touched yesterday. we can enter it again if it comes around 400 mark.
ITC correction and mean reversal required correction for ITC, over brought levels and move 13% swing , Trade at higher PE levels
ITC-Breakout from Resistance-Bullish Continue or Reversal.ITC stock is observations:
---->trending upwards, broken a strong resistance at 390 (zone previous strong resistance)).
------>the same zone if acts as support will expect further up move in ITC.
As of now ITC trending, upwards can we expect a reversal from here or continue move towards up, we need to wait for further price action.
INTRADAY IDEA ON 20-04-2023in ITC we will take a long and short trade this content is made for learning and educational purposes only
ITC going down?Price making higher highs with RSI making lower lows. ITC looks to have topped at 290 levels. At the current level of 270, DMI has a bearish crossover, indicating an increasing strength of bears. Next support level at 260
Quick short trade
Sell - 370
Stop Loss - 374
Target - 360
ITC | Bullish consolidation
ITC has been on a bullish trajectory since the beginning of 2022 and is currently consolidating in a triangle. Price is continuously forming higher highs and higher lows and is trading above 50 and 200 DMA. Breakout above this congestion zone and sustenance at 395 will be an opportunity for the stock to steer to new highs.
ITC STOCK LOOKING GOOD FOR SHORT TERMAs on Chart Analysis ITC can make new High @ 425 in coming few days
it can move from 395 to 412,425
only for education purpose....
ITC Ltd 02.04.2023ITC looks strong for short term. As per chart analysis ITC may achieve 386 and 393 on short term basis. Stop loss seems clear at 377.85.
