ITDC chart analysisITDC chart analysis on weekly time frame. As per my understanding it has given a breakout and a retest has also been done. Please give your valuable feedback.
ITDC trade ideas
Take a look at ITDCITDC looks good bet for positional trade
buy above 880 forthe target of 1045, 1345
SL around 760
This is not buys/sell recomendation
Strictly for educational purpose
[Positional] ITDC Buy IdeaNote -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives
ITDCThis stock breakout nearly 5 years consolidation level so create good opportunity for swing trade and only for educational purpose
Buy Tourism Stocks - Enjoy your Vacation with ITDCEveryone wants to have a Break from their Routine Life - A Time with Family - A Pleasant Vacation, but all of these comes with Cost
Tourism Sector is a Very expensive area - Not just booking Hotels, Flight Tickets, Money is needed to Buy Gifts from Vacation spots, Food, Appropriate Clothing etc....Where do we generate money for this Expenditure ????
INDIA INC - Interim Budget announcement has shed so much focus on Tourism Development.
ITDC - India Tourism Development Corp is in Focus after the Budget. The stock closed 20% UC on Budget Day - Breaking out of 7 Years Rounding Bottom Pattern
Today being Weekly Close (Feb 2nd) - Wait until 3:15 pm to ensure the BO above 750 has sustained until Weekly Close.
Target 1400 - approx 2x from CMP. Don't miss this, but don't rush in the morning. Wait until stability by day close
Disclaimer:
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An educational study of potential trending pickNSE:ITDC :Indian tourism department corporation
A potential momentum pattern seen to be unfolding in the ITDC!
How would the price unfold, time could prove that right or wrong!
this is not a trade recommendation but a study of momentum!
This is exculsively for educational purpose.
Do consult your financial advisor before trading / investing in markets
ITDC - Technical long tradeI like this chart. Chart gave a breakout from cup and handle pattern, did complete retracement and regularly making rounding bottom patterns which is a sign of accumulation. Closing above 450 will open next levels of 570 and 700 in medium term. If someone wants to keep a small stop loss then cut this trade on weekly closing below 370. Weekly closing below 340 is a proper stop loss for this trade.
ITDC trendline breakoutBreakout of very longterm trendline on weekly & monthly timeframe
mcap 3722cr
cmp 435 vs book value 41.9
stock pe 50.7 vs industry pe 30.2
dividend 0.51%
debt 0
promoter holding 87% CONSTANT since MARCH 2017
In recent few quarters NET PROFIT & EPS has improved
took medium sized position
PSU stock
Bought yesterday
Long position Very beautiful setup with long term consolidation breakout.
Breakout supported by very strong volumes
Looks good for some decent gain
There is old resistance at 511 however it not very potent due to age however good to keep under observation
Relative strength is strong
Tourism & hospitality sector is performing okay
Good to go
An other quality breakout 420 stop loss 575 targe in short term only
No recommendation for buy and sell
Chart have potential to get this targe
Advantage of this stock festiv season, cricket world cup and also Olympic committee in India
💥ITDC💥- Nice Breakout💥ITDC💥- Nice Breakout
Capital to be deployed- 20k
Investing Price -455-465
Breakout Price -455
Stoploss-388
Targets-603-863-1102
RT for max reach.
#ITDC #StocksToBuy #stocks #StocksToTrade #StocksInFocus #stockstowatch #StocksInNews #SwingTrading #BREAKOUTSTOCKS
ITDC 1:8.75 RR Trade set up1. Trend: Accumulation
2. Trade set up: Breakout
3. Strength: strong
4. RR: 1:8.75
ITDC RANGE BREAKOUTITDC box breakout
can buy in cash
cmp 358
sl 341
target 378 404
market is volatile
keep position sizing in check
ITDC looks goodRecent price action in ITDC looks quite aggressive and it looks like if it sustains 360 levels, it can move towards 430- 440 levels in the near term.
DIsclaimer : Not a reccomendation to trade
ITDC has Range Breakout and Results Tomorrow ITDC has been in the range of 390 to 415 for a long time/
Multi Day support at 390 is done.
Multi Day Resistance at 415 is done.
Today Bullish Engulfing tried to break but could not sustain.
Results tomorrow, BreakOut Expected for intraday/swing.
Risky players buy above 416 for 421/436/444 target with SL of 412./410.
Safe players buy above 421 for target of 436 /444.
SL 414.
For Learning purpose only NSE:ITDC
