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ITC

ITC Long Term Bullish Trend - Slow upwards grind - BUY zone ITC has been a MEME stock for India stock traders as the performance of this stock has been very poor compared other stocks, even in the hyper bull run over last 18-20 months. But if you're a long investor and looking for defensive stocks with good dividend yields, wanting to preserve capital, ITC would be a good stock in the portfolio. If you notice the ITC chart closely, you can clearly see it has been in upwards bullish channel over last 18-20 months, making higher highs and lower lows. It's getting very close to test the lower channel support line and also 200 DMA support around 215-216 Rupees. If you're a mid term swing trader, you can buy low at the channel and sell when it hits channel upper line. Long term investors can start accumulating at 215-216 levels, as 2022 will be more defensive play and institutions will pile up their money in dividend paying stocks. Key Support line to watch 205 and 200. Key resistance line to watch 266-267.
NSE:ITCLong
by gmaster29
Nifty 50 Stock Analysis Series - 7th stock - ITCNifty 50 Stock Analysis Series - 7th stock - ITC -------------------------------------------------------- My Analysis: ---------------- ** Daily Timeframe ** ---------------------------- 1. was in channel pattern till 15th Sep and got a breakout, surged to Rs.260 with little retest. 2. Then, the correction wave (ABC) started and is in the C wave. It may reach Rs.210 in the next 1-2 weeks. 3. MACD is also below. So, wait for now. 4. Target 1 - it may go up (10% at least) to Rs.240 5. Target 2 - it may go up (20% max) to Rs.260 6. Wait for entry. Entry and target points are marked in the chart. Note: I'm not recommending buying this stock. This is for education purposes. This is my view, based on my learning. Please do not trade without your own conviction. Please invest after careful research. I'm not responsible for your profits/losses. - Gnanasekaran
NSE:ITCLong
by gnanasekarang
#CARBORUNIV CARBORUNIV #trading #candlesticks #invest #money #it#CARBORUNIV NSE:CARBORUNIV Carborundum Universal Ltd. NSE:CARBORUNIV NSE:CARBORUNIV CMP: 910.70 Target: >1200 Time Frame: < 3 months SL: 807 RR Ratio: > 3 INVEST & HOLD 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
NSE:CARBORUNIVLong
by Rachit_Sethia
ITC - Last level , that could save ITCWe have witnessed a remarkable move in the ITC from 200 levels to 265 levels 😍 in the past few months. Though in the last week, it has fallen about 12 %, that's a huge number 😲, ideally which an up-trending stock should not witness. Though it has good support around 230-232 levels, if held, then chances of moving upwards would still be there on the cards 😀. Moving below or close below these would make this stock laggard 🤨 again. then it would most likely trade between 230- 218 levels.
NSE:ITC
by manuagarwal21
The Evergreen ITC PuzzleNSE:ITC is probably one of the most talked about stock in Indian markets. Twitter is full of ITC memes and investors have grown old hoping that one day ITC would finally start making a decisive upmove for good :) Anyhow, if you see the volumes in ITC lately, there has been a lot of interest. Lots of large volume bars in recent few weeks and the stock has broken out of a falling trendline (as shown by arrow). There are still some near term resistances as you can see in chart but could this breakout be the move that everyone has been waiting for? Only time will tell.
NSE:ITCLong
by YetAnotherTA