Long side Break Out Opportunity in ITCLong side Break Out Opportunity in ITC
TARGET 1 -> 230
TARGET 2 -> 300
STOPLOSS -> 190
1. Near to breaking out of this triangle zone
2. Good upside potential
3. Accumulate below 210
4. Very undervalued
5 . Overall bull run in market can support
6. expectation for up coming result in August
ITC
ITC is going to riseNSE:ITC
*Trade Setup*
T1 - 230
T2 - 240
SL - 205
ITC has been trading in a range for a really long time.
200 remains to be a very strong support region and it has taken support over 5 times.
It has formed a triangle pattern so it has the potential to get out of that range and move higher.
Triangle pattern with 3 resistance is a good setup with high probability.
*Trade Confirmations*
- It has been trading in a consolidated range for a long time.
- Descending triangle pattern with 3 resistance is good.
- Volume is higher and it has crossed the average volume.
- Triangles are a really good patterns with high probability.
- Fundamentally good company.
Thank you for patiently viewing my ideas/analysis.
I appreciate it!
Let me know in the comments if you have any doubts or feedbacks
Retail Traders may had throw Out ITC (Mind Voice)NSE:ITC
ITC weekly chart is very interesting and showing strong support at 195-190 .
on last weeks (17th may 2021) bearish candle its seems like frustrated retail traders just throw away ITC and same be have been picked up by Smart Investors.
Its just a Mind Voice.!!!!!!
Thank!!!
|| Hari Om ||
ITC - Bounced from the Important LevelsITC bounced from the important level on the weekly time frame, suggesting buying still comes, whenever prices reach this zone , hence called happy zone for the buyers.
In the near term, it could move up to 213 levels and would zoom up above 215 levels 240 levels.
ITC LONG INTRADAY 17 MAY,2021Dear trader,
If u look at the chart of ITC (analysis based intraday only) the ITC Buy at 214 and Target at 220
Best Buy at 212.
Our Best Buy is based on high quality research and when the instrument reaches this level , it’s a jackpot trade.
Best Buy level might be executed or might not be executed.
The chart clearly indicates Bullish Trend you can also see the candle stick patters for more indepth analysis.
In Intraday most important thing is to enter and exit points.
Our signals are based on analytics, algorithms, mathematical derivatives.
Always be a responsible trader, kindly trade only when you have maximum opportunity in the market with minimum risk and with keynotes like data, analysis and proper strategies.
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