ITC Breakout; long term investment opportunity ITC Breakout; long term investment opportunity. Levels as mentioned on the chart.
ITC
Will history repeat itself ????ITC formed a similar structure which was formed before the bull run of 2003 in ITC.
ITC - ANTICIPATING BEARISH MOVEPrice is retracing back into the FVG created by the bearish move in absolute compression. A sharp move down towards discounted price can be expected.
ITC head and solder pattern so here it is clearly visible that itc is making a head and solder and we can also see a double top on 4hr TF WITJH NECK LINE AT 263 ASD ALSO A UPPER TREND LINE RESISTANCE .
Nifty to crashNifty seems to crash in coming days are we near the inflation from now !! Seems like some big move in the market in coming days be ready !! Pack the bags or Pack your bags !!! 16800 shall be major support
ITC BreakoutThe stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below the support zone & the lower trendline. The target is placed near resistance.
ITC Evening Star Pure Educational Purpose Only
On Weekly Timeframe, Seeing Evening Star without touching Body of Evening Star Candle Body.
But there is immediate Support also which may Retest also & bounce Back.
Redington #Redington 166.75 to 230 #INFY #TCS #WIPRO #NIITLTD #Q#REDINGTON
NSE:REDINGTON
NSE:REDINGTON
NSE:REDINGTON
REDINGTON CMP 166.75
TARGET 220+
SL 155
TF < 6 months
RR > 3
Return > 40%
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
#HITECH 560🚀730 #NIFTY #BANKNIFTY #TCS #INFY #TATASTEEL #ITC #I#HITECH
NSE: HITECH CMP 559.30
NSE:HITECH
Target 650 ++ 730 (170)
SL 500 (60)
Return 30%+
RR ratio 3
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.
If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations.
With 💚 from Rachit Sethia
itc breakout last High when rsi is up than this stock trand continue this make a position form this level and stoploss break out candle
is ITC gonna prove everyone wrong this time ?In recent years, $ITC.NSE has been talk of the town but on insta memes for its underperfomance. But recent rally seems to have some surprise for traders as it has crossed and closed at 267.80 which is 3 years high. Technically, momentum is strong with volumes and also it is running up towards the channel resistance of 282 above which a new DREAM rally would be initiated. But on downside support is at 200 WEEKLY average at 235 which can act as Stop loss for investors and fresh traders.
ITC WILL RESIST TOMMOROW AT ABOVE 3RANGES Price is very much close to is major resistance ie 257 261 and 265 bears will be active along this ranges
Getting Convergence around this ranges
Can We BUY ITC NOW For Short TermNSE:ITC
In Previous Week Candle Has Form A Tail Formation Which Is Good Indication Of Efforts To Stop The Fall Or Of Good Buying.
In Last Week Again We Have Seen Good Efforts To Push Prices Up In Itc.
Which Indicates Itc Is Stronger Than Index As We Haven't Seen Major Down Move In Stock.
We Can Prefer This Stock For Holding Period Of 2-3 Months.
Stop Loss Below 195 Closing Basis
Itc outperformed in weak market, Fundamental and Tech analysisITC Ltd
ITC outperforms in weak market
- Stock gains 7% in last five days
October-December quarter (Q3FY22)
- Strong all-around revenue performance
- Cigarettes staged a recovery with revenues at Rs 6,959 Cr
- Compared with Rs 6,091 Cr a year ago
- Pre-tax profits from the segment stood at Rs 4,187 crore
- Compared with Rs 3,659 Cr in the year-ago period
Cigarettes business Performance
- Stable taxation on cigarettes would result in high growth in cigarette volumes in the medium term.
- Cigarettes business was one of the worst impacted businesses in last two years due to Covid-19 disruptions
- Cigarette business growth in the current quarter reflects that volumes surpassed pre-covid high levels
- Margins of this segment : 14% year-on-year growth in earnings before interest and tax (EBIT)
Paperboard business Performance
- Demand recovery from the user industries
FMCG business
- Growth was at a slower pace of 9.3%
- Still stronger growth compared to most other FMCG peers
End of financial highlights
Tech Analysis
With its peers loosing all the gains of previous year, Itc has been maintaining its support on 215 for quite a few months now, another good support stands at 201 levels. However Itc has always proven itself as a zig zag stock so the next resistance is at 236, which can again bring profit booking in this stock. Look out for these levels and keep a stop loss in ratio of 1:2.
End of Tech Analysis
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
Best Buy Zones for ITC #Bottomfishing Best Buy Zone: 163 - 182
Good Buy Zone: 182 - 205
Add on bounce, not while it is falling.
Long Term Portfolio Stock.
Tracking Quantity can be taken at 211. (Tracking Quantity : Suppose you want to Invest Rs.X in a particular stock. The amount between Rs.X/5 or Rs.X/10 would be tracking quantity) (‘Tracking Quantity’ of a stock in your portfolio will help you keep a track of the stock if it is coming in the indicated buying zones.)(Sometimes Out of sight goes out of mind so buying tracking quantity of stocks that you want to add in future helps.)
ITC Again Will Come 200ITC all time favorite stock this time gain will come down very important support 200 and reverce
ITC Bearish or Bullish ??Short term Bearish till 218 , will bounce back if the FMCG walks toward the Improving Quadrant as per RRG
FMCG will bounce from the support level as indicated clearing the way for FMCG stocks to come in Improving quadrant ,
Entry 218
Target 235
Stop Loss 208
* Please do your own analysis before investing
Like if you agree with the analysis .
ITC - What's next in short term ??The short-term chart looks good, now sustaining 220 levels can take stock to 236 levels in the near term.
Currently, ITC trading at 222.60, looks like a good risk-reward trade
ITC BULLISH OUTLOOKITC Consolidation for a last weeks in price range 216 to 222 next result date 21 jan 22
