FMCG SECTOR: ITCrefer chart for details. can give excellent returns. the consumer sector going to provide good returns. can watch Sept or Aug call options.
Itcindia
Consistent Compounder, Portfolio Stock looking to rise ITC.ITC Ltd. operates as a holding company, which engages in the manufacturing and trading of consumer products. It operates through the following segments: Fast Moving Consumer Goods (FMCG) Cigarettes; FMCG Others; Hotels; Paperboards, Paper and Packaging, and Agri Business. The FMCG Cigarettes segment markets and sells tobacco and cigars. The FMCG Others segment distributes packaged foods, clothes, school and office supplies, safety matched, agarbattis, and personal care products.
The Hotels segment manages and operates hotel and restaurant chains. The Paperboards, Paper and Packaging segment produces and supplies specialty boards, graphic boards, and printing papers. The Agri Business segment exports feed ingredients, food grains, processed fruits, coffee, and seafood. There is an active news of demerger of FMCG and Hotel business which can be favorable for the stock.
It is a high Dividend yield stock with dividend yield at CMP being 3.6%. CMP of the stock is Rs. 433.4. The Negative aspects of the company are high valuation PE(26.4). Positive aspects of the company are strong cash flow from operations, MFs and FIIs increasing stake, growth in revenue and profits and Its being a company with Low Debt.
Entry can be taken after closing above 437. Targets in the stock will be 446, 453 and 465. Closing above 466 will activate long term targets of 471, 490 and 499+. Stop loss in the stock should be maintained at Closing below 424 or 400 depending on your risk taking ability.
The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
Buy ITC@ 440 avg@360 TGT 740/1105 sl below 260The company has declared the demerger of the Hotel business making the value unlocking. Also the global export in agri business is expected to have a greater boost with the war and flooding situation in middle east will boost the revenue and prices. Above mentioned targets can eb achieved short to medium term.
ITC GETTING READY FOR NEXT MOVEConsolidation in Range from 13th Feb 24
Trading Near Breakout Zone
Volume on Higher Side
Idea Invalid below 403
ITC--@Trendline Break??This stock is now moving in a bearish channel.
now its time to look for bullish view...
if this continue to downwards or break above the bearish channel.on topside we are facing the trendline resistance.
wait until price breaks the trendline and retest for enter long side...
on topside we have bearish gap and a strong fall area to book profits.
look for long in this areas.
ITC--Trendline Resistance??This particular stock has been on a prolonged bearish trend, but currently, the price is finding support within well-established historical support zones.
Looking ahead, there's a notable trendline resistance on the upper side. If the price manages to breach this trendline and subsequently provides a retest, it may present a favorable opportunity to consider long positions.
ITC Breakout or Breakdown Risk Reward 1 to 3 Trades
In this approach, Once Breakout or Breakdown levels are breached, we initiate Long or Short positions accordingly with Proper stop loss as mentioned in the chart. Since the Risk Reward is 1:3, we can take a maximum of 3 trades.
If we follow this approach, over the long run, money is gained.
A trader is advised not to treat these setups as lottery tickets. Since only I know why these work (while others may not), only I have the conviction to trade them in real market. So kindly treat them as educational trades only.
Happy Trading!
ITC Support LevelsITC Support Levels
ITC Daily Chart support is around 385-378 levels.
ITC Weekly Chart support is around 345-350 levels.
ITC Monthly Chart support is around 320-325 level.
#ITC LONG BUY DELIVERYHere is previous data analyze with your strategy. I shown mine.. its nice looking flag type pattern.
ITC SUPPORT & RESISTANCE 28.12.2022NSE:ITC support and resistance for upcoming days. It may take upside move if price break and sustained above resistance of 334.40. Afterwards Can buy for next target of 339.90 and 344.45
Note: This is my personal analysis, only for learning.
ITC - Shark Patten ProbabiltyITC still stands good on all the time frames.
Now there is a probability of a shark pattern on the hourly chart, and it unfolds stock can test 345- 350 levels in the coming weeks.
The stock should sustain 330 levels for this probability to hold.
PULLBACK GIVEN BY ITC, GOING LONG!!ITC'S bull run, made everyone confused, thats because, ITC not getting any spacefor its bull run. well enough diversified in markets, made ITC to bring a proper focus and management. and that space come after the RUSSIA- UKRAINE WAR. ITC was undervalued from past few years, and barely had given any return. but such an economical factor, affected ITC in a dramatic way, and now it has been stabilized, and returned to its original trend line. in a few time this trend will also be broken, as the volume is pretty great, and ITC even needs to give its corona's impact bull run.
the dark red line has proved the stock's pullback, and now one can go long on it.
ITC - Price Action Analysis The Trend has started by NSE:ITC already reached at the supply zone and also touched the level of 1.131 (Bearish Shark Pattern) at price 338.30 in weekly TF.
As per the previous candle closing with rejection, we might assume some profit booking here.
SELL : Short opportunity only arise if price breaks the previous week candle low which is 329.70 .
BUY: buyers can wait till 300-303 or if its retrace further , you might seen the good correction up to 260 as well.
If you have other opinions, please share your comment below and like & follow for upcoming great analysis.
Safe Trading ;)
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 - 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
ITC is long term holdThis stock is sleeping Giant which is going to be massive as soon as it wake up. Buying as much as I can below 250 INR.
ITC Rallied - What's next ??ITC tumbled down from 262 levels to 222 levels.
It created support around 222 levels, tested it many times, and started rallying again.
Structure on the shorter timeframe is of higher highs and higher lows.
Today it rallied to around 245 levels, but couldn't sustain and closed around 239 levels.
Immediate support for the stock is around 237-238 levels, if it sustains these support levels, it will try to retest its previous highs again.
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.
ITC - Trendline BreakoutIn today's session, ITC broke the trendline, it had been resisting for the past 20 trading sessions.
Now if it sustains 232 levels in the short-term, it probably giving clues of renewing its long-term trend .
Immediate resistance 237-238
Further resistance at 244
Support 230
ITC on break out As from traingle Patten formation (hh , hl ,lh , hl , lh till now ) now going to lh so it does not hit the lh again so it is going up
no one can predict crt entry so take entry of 200- 208
