ITC
ITC - Trend ReversalITC formed a beautiful bullish pin bar from golden Fib level 0.618 + resistance zone.
If it manages to cross Fib level 0.382, possible target of 225.
Bearish Butterfly- ITC - Daily TF.Hello,
Pattern : Bearish Butterfly
Stock : NSE:ITC BSE:ITC
Time Frame : Daily.
Always look for reversal patterns in rectangle box area which is a reversal zone and take trade basis on it.
Note : This chart is only for study and reference purpose.
ITC - Breakout; Close above 219 will open T1 - 237 ; T2 - 265 ITC - Breakout; Close above 219 will open T1 - 237 ; T2 - 265
ITC PreparedITC all time favourites of retailers. In weekly chart another break out scenario and heavy volume in last candle and RSI above 60. I'm already bullish on ITC when it's breaked 195 level.
ITC Chart Analysis for Long TermSeeing Price action on daily basis ITC looking bullish to me. It has broken uppertrend line which was acting as a resistance shown in red colour and is taking support from another trend line shown in green colour which is acting as support. 195-200 was a resistance which was broken and retested, now this area gonna act as support shown in green zone . The price may shoot up to 240 or near that red zone , which gonna act as resistance .
Average up/downITC is one of the finest stock in equity markets. Triangle pattern breakdown was occurred at 204-205 on 07/01/2021 which shows the opportunity to short, BUT on 12/01/2021, spinning top candlestick has occurred which indicates uncertainty in price action.
ADVICE: Average up/down by buying half at high/low and buying other half at low/high.
Approaching good support point to re enter.We can expect a swing from this point in ITC and the same to be watched out at.
ITC looks rangebound but it fares suffocated ?It has been a rangebound movement today. And we all know what happens in range ----***TOP SECRET***
So get ready for the move on either side but prepare to buy if the stock breaks price action and can take profit at the red line
ITC Forecasting for Positional Trade ; Duration-7 to 20 DaysITC Forecasting for Positional Trade (Trade Duration-7 Days to 20 Days )
(Daily time frame chart used)
If you want to make good returns with less risk then you can enter around 186-190 with stoploss 180 for the Target of 200/208/238
why you should ?
1.Positive RSI divergence (you can refer my previous post of ITC )
2.Change in polarity with Good Volume
3.Trend Reversal .
4.Risk Reward Ratio is Good.
5.RSI- 68 ( Bullish )
6. MACD Bullish crossover
Disclaimer: I am not SEBI Registered ,This is just my own view.
Clean Long ITCFirst Bullish Cypher harmonic pattern
Buy at 167.50 cash with less quantity
Second Bullish Shark harmonic pattern
Buy at 162.50 cash, futures or options
PRZ 160-162.50
view invalid below 155
stop loss 155
first target 175
second target 184
final target 192
ITC-Pull back is comingWith a current scenario, better to wait for a pull back then long sure shot. Around 200-205 will be a good entry.
ITC is ready to Take Off!NSE:ITC
Bullish view on ITC as it has given a breakout to a Cup pattern.
Target- 250
Stop Loss- 200
ITC BROKE ITS MAJOR RESISTANCE HERE we can see that itc broke its major resistance .so we can take a long position after it breaks 220 if a candle closes in 1D TF
