ITC
ITCITC
CMP 376 ...
EW Counting of ITC from March 2020
looking at the structure ... wave (3) has been completed and we are heading for wave (4)
which could make price go towards 310 levels ...
it can slide further depending on structure but one can expect 310 from this price to come ..
Just a View!!
Vedang :)
Chart is for study purpose only!!
ITC breakout finally?ITC has given a weekly closing above its supply zone of 260-265 after 3 years also breaking its previous 52 week high with very heavy volumes.
From the chart, it is clearly visible it is an inverted head and shoulder pattern and stock has given closing above its neckline.
Let's see whether it sustains the breakout and bring happy faces on many investors' face;)
RSI BEARISH DIVERGENCE ON WEEKLY & DAILY CHART. Hello to everyone,
As we can see there is a bearish divergence in RSI & PRICE on weekly & daily timeframe. This is indicating that price has not much momentum to go upside. We can expect a trend reversal in stock price but only RSI divergence does not confirms the trend reversal. If any bearish candle or bearish pattern forms than only we can go for the short position.
Traders, if you liked this thread , write in the comments. I will be glad.
Attaching previous idea of ITC
EurJpy - Manipulation Point Trading Bias: Open
Market Cycle: n/a
Similar to the PA on GJ, my instinct suggests we are going long, even if it's for a short time only.
Notice the wick rejection from the 4h FVG, we certainly now have buyers in the market..
Potential backside trade over 142.900, but be mind-full of the round no KL of 143.00
ITC viewITC is revered from a very important support zone and currently making a Doji candle formation at the above trend line.
It will be a good move either way whenever it breaks. So, watch out for this stock.
Trade safe. Manage risk. Be profitable.
Please follow us for more simple trading analysis and setups. Also, let me know in the comment if you have any queries.
Disclaimer:- This is my view. Please analyze the charts yourself and then decide to take any trades.
ITC have broken the resistance ITC have broken the resistance line in 1 hour time frame. Itc has given a strong run up but it didnt touch its life time high yet. There is a strong possibility it reaches 420 in next 6months. Nearest support is around 326,300 and immediate resistance is 342,360. Breaking on either sides may move extra 50 points higher or lower.
Right now you can go long for next week as it has broken resistance at 335. Target can be 342,350,360
#HUHTAMAKI #STARPAPER #ANDHRAPAP #JKPAPER #ASTRON #ITC ballarpur#HUHTAMAKI
NSE: HUHTAMAKI
CMP: 220
TP: 285
SL: 185
TF: <6m
RR ~ 2 times
Return > 27%
ORIENTPPR STARPAPER ANDHRAPAP JKPAPER BALKRISHNA WSTCSTPAPR BALLARPUR ITC GENUSPAPER PDMJEPAPER RUCHIRA MALUPAPER EMAMIPAP ASTRON
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
MPHASIS - 12/11/2022-LOOKING GOOD#MPHASIS... ✅
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INTRADAY/ Short term delivery call as well 👍
All levels given in charts ...
IF good potential seen then we work in options also
👉if activate then possible a huge movement Keep eye on this ...
We take trade only when it activates...
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Possible to give good target
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