ITC trade ideas
ITCDisclaimer: I'm.not a SEBI Registered financial advisor all views posted are just for mutual learning and I'm not responsible for your profits or losses ,build your own conviction through learning and take action ,don't enter blindly , I hope this post add some value to your learning 😊
About stock :ITC is forming a Triangle Pattern and looks good upto Rs365 ( minimum hldng period 1year& Ardmore around 190levels) for very short-term traders Targets could be 220&235 StopLoss -199
ITC LevelsLooking at current levels at the strong support one should be cautious. If the support breaks then exit from this stock.
ITC Long OpportunityITC trading in a parallel channel near the support line ( The parallel channel can also be interpreted as a flag pattern )
Would wait for a confirmation on 15.03.2021, to see if the support holds
Targets would be around 229-232 with an added possibility of a breakout
Please do not consider it as a Trading recommendation!!
ITC--compelling buywe are near to completion of 2nd wave and MACD ,RSI all suggesting it fibo retracement and 3rd wave suggesting 1st trg of 250-60
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
ITC - Rising Volume amid consolidationITC - Rising Volume amid consolidation. Also check out dividend yield if stock consolidates further.
ITC RISING WEDGE 1H TimeframeITC in 1-hour timeframe shows a rising wedge pattern with a high probability of giving a breakout and going below 207 in the next week.
ITC view on Daily ChartITC @ 207, next immediate support @ 200 which is also a psychological level. It can give a decent bounce in couple of days after touching this level. keep on watchlist. Immediate resistance at 215.
ITCPOS. ADD ITC AT 213/200
UP SIDE WE SEEN 233-255-277+
IF CLOST OR SUTAIN ABOVE 240
SKY IS THE LIMIT
