ITCEstablished in 1910, ITC is the largest cigarette manufacturer and seller in the country. ITC operates in five business segments at present — FMCG Cigarettes, FMCG Others, Hotels, Paperboards, Paper and Packaging, and Agri Business.
Observed Exhaustion , May correct in coming days
Levels Expected - 356 - 360
This short call expires / negated once RSI breaks the upper limit ( 70 to 80)
ITC trade ideas
ITC
Open
244.00
Previous Close
242.50
UC Limit
266.75
LC Limit
218.25
Volume
24,823,291
VWAP
240.26
Mkt Cap (Rs. Cr.)
293,778
20D Avg Volume
33,726,752
20D Avg Delivery
12,283,897
Beta
0.72
Face Value
1
TTM EPS
11.30
TTM PE
21.10
Sector PE
22.78
Book Value Per Share
47.88
P/B
4.99
Dividend Yield
4.51
P/C
18.86
ITC BearishITC looks bearish in short term. It has multiple confluences
1. Double top at 394 levels
2. Generally Fibonacci retracement of this stock has been observed till 0.382 levels, which are yet to appear.
3. Tight Downward channel.
Fresh shorts can be initiated here for target 366,360, 355, 325. SL 384
ITCITC
CMP 376 ...
EW Counting of ITC from March 2020
looking at the structure ... wave (3) has been completed and we are heading for wave (4)
which could make price go towards 310 levels ...
it can slide further depending on structure but one can expect 310 from this price to come ..
Just a View!!
Vedang :)
Chart is for study purpose only!!
Decending triangle pattern The chart pattern indicates that making price from high to lower highs at resistance levels and making equal lows at support so that chart indicates that price shortly will fall. Target-174 and stop loss -214. this is educational analysis and is not for any buy or sell call
ITC breakout finally?ITC has given a weekly closing above its supply zone of 260-265 after 3 years also breaking its previous 52 week high with very heavy volumes.
From the chart, it is clearly visible it is an inverted head and shoulder pattern and stock has given closing above its neckline.
Let's see whether it sustains the breakout and bring happy faces on many investors' face;)
RSI BEARISH DIVERGENCE ON WEEKLY & DAILY CHART. Hello to everyone,
As we can see there is a bearish divergence in RSI & PRICE on weekly & daily timeframe. This is indicating that price has not much momentum to go upside. We can expect a trend reversal in stock price but only RSI divergence does not confirms the trend reversal. If any bearish candle or bearish pattern forms than only we can go for the short position.
Traders, if you liked this thread , write in the comments. I will be glad.
Attaching previous idea of ITC
BUY ITC FOR TARGET OF 360The stock has risen above the falling channel on the daily and weekly chart, suggesting increasing bullishness. Besides, the stock price has moved above the 50 day exponential moving average on the daily timeframe. The MACD indicator also suggesting bullish crossover in ITC .. Stock kam se kam previous high pe to jana chahie jo ki 360 ka hai,,lower side bat kre to 325-330 pe acha support hai,,to buy kro and paisa kamao, vaise bta du ye stock long term k lie bhi best hai...to jaisa chaho vaisa kr skte ho,
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