ITC might retest this trending before moving upItc might come down till 180's then move upwards till 210
ITC
parallel channel price has made higher high and higher low inside a yellow parallel channel.
after its first blue trend inside channel it is making a potential white triangle.
ITC Long oppurtunityITC is currently forming a falling wedge pattern once it breaks out it provides a fresh buying opurtunity
ITC long Term SpeculationThe above chart NSE:ITC can either breakout or break down in the future with the future trends.
time frame = 1D
disclaimer: education purposes only
ITC DESCENDING TRIANGLE PATTERN ON 1HR CHARTITC is making a descending triangle pattern on a 1 hr chart. Good for Intraday and Short term. Look chart for further information. I have also marked the supply zone so BE careful in intraday.
ITC - Wait for breakout from pennantITC is consolidating between a triangle pattern. If it breaks above from the triangle, 236-237 will be the target we can consider, if it breaks below, 200-196 levels are ready.
This is just for education purpose and self learning so please DYOR before making any trade decision.
TORRENT POWER is too far from its POCThe stock seems to be having jitters of being too pricey. There has been formation of inside bar on daily and the stock is too far from moving averages thus a resistance on 20 EMA and thus a fall downward to the red line being 200 EMA would be easily achievable in coming time within 2 weeks.
ITC on inside Weekly candle but a quick profit target It has formed an inside bar on weekly a possible scare in the market but we can expect this target be easily made .
ITC is on good Support level above 211ITC is on good Support if it will be closing above 211 then will give good move in upside
ITCPOS. ADD ITC AT 213/200
UP SIDE WE SEEN 233-255-277+
IF CLOST OR SUTAIN ABOVE 240
SKY IS THE LIMIT
ITC Heading to New Highs for the weekSeems like the 4th wave correction is will complete at the levels 227-229 got the move above 239
Entry Levels: 227-229
Strict SL: 223.3
Take Profit : 239
Also there is a high probability of 5th wave getting extended as the wave 3 is not more than 1.618 times that of wave 1.
ITC is a Gem for the next decade.NSE:ITC
ITC formed two bullish patterns simultaneously.
Cup and Handle
Bullish flag
A successful breakout was observed on 4 feb 2021
Target 1-250
Target 2- 270
Target 3- 280
I can be 100% wrong.
Please analyze personally before ang trade.
Happy Trading!
