ITC: Bearish Momentum UnfoldsITC: Bearish Momentum - Short Trade Setup
ITC Key Points
The 4-hour chart of ITC confirms a sustained downtrend, with TP1 and TP2 targets successfully achieved.
The price action suggests the continuation of this bearish momentum, keeping TP3 and TP4 firmly in sight.
Trade Details:
Entry Price: ₹508.85
Stop Loss: ₹518.65 (strategically placed above resistance)
Targets:
TP1: ₹496.70 ✅
TP2: ₹477.05 ✅
TP3: ₹457.40 (potential) 🔄
TP4: ₹445.25 (final target) 🔄
ITC Share Analysis:
Risological Alignment: The Risological trend line slopes downward, confirming the prevailing bearish trend.
Price Structure: Lower highs and lower lows indicate a clear seller-dominant market environment.
Momentum Strength: Strong red candles suggest heightened bearish activity, increasing the likelihood of hitting the remaining targets.
Action Plan:
Existing Traders: Secure partial profits and trail stops to lock in gains.
New Entrants: Wait for minor retracements toward the entry level for an optimal risk-to-reward ratio.
ITC's bearish journey continues—watch for TP3 and TP4! 🛑📉
ITC-TRADE
ITC target 600FMCG 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 year.
Hope you like my analysis.
Please do your own analysis before investing.
Do like and follow and share among your friends and family.
Thank you.
Buy ITC@ 440 avg@360 TGT 740/1105 sl below 260The 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.
ITC--@Trendline Break??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 in this areas.
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.
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.
PULLBACK GIVEN BY ITC, GOING LONG!!ITC'S bull run, made everyone confused, thats because, ITC not getting any spacefor its bull run. well enough diversified in markets, made ITC to bring a proper focus and management. and that space come after the RUSSIA- UKRAINE WAR. ITC was undervalued from past few years, and barely had given any return. but such an economical factor, affected ITC in a dramatic way, and now it has been stabilized, and returned to its original trend line. in a few time this trend will also be broken, as the volume is pretty great, and ITC even needs to give its corona's impact bull run.
the dark red line has proved the stock's pullback, and now one can go long on it.
ITCITC - It is travelling in Channel Pattern. Due to Market Correction It is falling now and it may Retest the 310 level and it will touch the Previous High as Target 368.50 which was happened on 2017.
Disc- Only for learning Purpose am not responsible if the trade is done based on my analysis. Please do your own Analysis too.
ITC - long viewThe 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 trades.
Thanks & Regards,
If you feel you can make use of my views and put them to good use, request you to kindly revert with feedback/suggestion/improvement
ITC Long | intraday long | Swing TradeFor Intraday Trade above 239 | SL-237 (see 15 min candle)
Tgt1-247.45
Tgt2-252
Tgt3-260.2
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------
For Swing Trade Long above 239 | SL-230 (For 2-3 months)
Tgt1-260
Tgt2-285
Tgt3-354 by 1st week of November
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------
Do Your Own Research on Company fundamentals to get a good idea and its future potential.
ITC - Stock might get weak again 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
Be-careful long traders on ITC. Price can be trade in range.
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.