Itclimited
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 - 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 Long | intraday long | Swing TradeFor Intraday Trade above 239 | SL-237 (see 15 min candle)
Tgt1-247.45
Tgt2-252
Tgt3-260.2
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For Swing Trade Long above 239 | SL-230 (For 2-3 months)
Tgt1-260
Tgt2-285
Tgt3-354 by 1st week of November
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Do Your Own Research on Company fundamentals to get a good idea and its future potential.
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.
ITC - trend change probability on cards#ITC - Stock is in the process of a trend change, keep it on your radar. Move above 173, can see fast move towards 187 -190 levels.
Accumulation zone 163- 170.
SL few ticks below 163
Trade type: Swing, and can covert into positional as well.
**Trade at your own risk
ITC took Strong SupportITC has taken good support and rallied... buy buy buy...
if you are not willing to buy in futures take options =>buy 215 CE sell 225 CE ...
expectation is it will reach 225 so by that time expiry comes in and you can eat premium of 3200
maximum loss is 5500 if it starts falling down to 195 then sell one more 225 CE you will loose around 2k-3k which is nothing
I bought 215 ce at 2.65 and sold 225 ce at 2.65 already at 700 profit...
I think ITC is a good dividend yield company and holding it will give you 5 to 7% profit i dividend yield itself and if it rallies that is extra... so buy in stocks if you have money
ITC SHORTMY analysis of ITC
INSTRUMENT: ITC
: Futures and options
TIMEFRAME: DAY
VIEW TYPE: TECHNICAL
PSAR: BEARISH
STOCHASTICS: BEARISH
TREND: BEARISH
CMP: 186.35
SELL BELOW: 180.50
SL: 193
TARGET 01: 167
TARGET 02: 160
Technical analysis of FOREX and INDIAN MARKETS. We are not SEBI REGISTERED ANALYSTS The views expressed here are for our record purposes only. Please consult your personal financial advisor before investing. We are in no way responsible for your profits/losses what so ever.