FMCG major ITC currently trading at 424.90 rupees is going to see a major jump in its share price from the current levels to the levels of around 590-600 giving a return of around 60% from the present levels. The analysis is based on cup with handle chart pattern which can be seen in the chart posted with this analysis. the target will be achieved within this...
The company has declared the demerger of the Hotel business making the value unlocking. Also the global export in agri business is expected to have a greater boost with the war and flooding situation in middle east will boost the revenue and prices. Above mentioned targets can eb achieved short to medium term.
This stock is now moving in a bearish channel. now its time to look for bullish view... if this continue to downwards or break above the bearish channel.on topside we are facing the trendline resistance. wait until price breaks the trendline and retest for enter long side... on topside we have bearish gap and a strong fall area to book profits. look for long...
This stock is taking the support of trendline multiple times and now price is at support level. If this trendline acts as support again price is bullish and test the resistance trendline. If failed then look for short side on retracement.
In this analysis of ITC's stock using the Fibonacci chart, we identify a potential "shortfall" in the stock's performance. First Target at 412.6: The "first target" is a price level at which the trader or investor hopes to sell their ITC shares to lock in profits or limit losses. In this case, the first target is 412.6, which means the trader is looking to sell...
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....
Observations:: ----->> 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 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.
The stock has crested a good base at the level range of 204 levels. As you can see the stock has taken support around this area and moved upwards. It reached a high of 265 levels before crumbling to huge selling pressures. The stock is trying to make its way back to the top. I have presented my views on the chart with levels that can help you take your...
ITC all time favorite stock this time gain will come down very important support 200 and reverce
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
long-term trend is downward expected no trading activities above attraction line. price can rest between lower bound and attraction line. project will help to how stock can perfect. Advised to traders and investors: be careful to take long.