Itc uptrendBullish on itc
Short term upside of 15%
Channel pattern in weekly charts...taken reversal from 20 ema
ITC trade ideas
Trading Idea: Long-term Investment in ITC Limited (NSE: ITC)Overview:
ITC Limited, a prominent Indian conglomerate, operates across diverse sectors, including FMCG, hotels, agri-business, and cigarettes. This trading idea suggests considering a long-term investment in ITC based on a combination of fundamental and technical analysis.
Fundamental Analysis:
Revenue Diversification: ITC has made significant strides in diversifying its revenue streams beyond its traditional tobacco business. The FMCG (Fast-Moving Consumer Goods) segment, particularly brands like "Aashirvaad" and "Classmate," has shown promise.
Earnings Growth: Analyze ITC's historical earnings growth and projections for the future. Check for consistency in revenue and profit growth over the years.
Dividend Yield: Consider ITC's dividend history and dividend yield. The company has a track record of paying dividends to shareholders.
Valuation: Evaluate ITC's current valuation metrics, such as the Price-to-Earnings (P/E) ratio, in comparison to peers in the industry.
Market Position: Assess ITC's competitive position in its various business segments and its market share.
Technical Analysis (Up to 2023):
Trend Analysis: Review ITC's historical stock price trends. Look for patterns or trends that suggest a potential reversal or continuation. Use technical indicators like Moving Averages, Relative Strength Index (RSI), and MACD to gauge the stock's momentum.
Support and Resistance Levels: Identify key support and resistance levels on the stock chart. These levels can provide insights into potential entry and exit points.
Candlestick Patterns: Pay attention to candlestick patterns to spot potential reversals or trend continuations.
Volume Analysis: Analyze trading volumes alongside price movements. Unusual volume spikes can indicate significant market interest or potential trend changes.
2023 Outlook:
Given the diverse nature of ITC's business segments, its performance may be influenced by various factors, including economic conditions, consumer preferences, and regulatory changes. Monitor updates related to its FMCG business, hotel segment, and any developments in its traditional tobacco business.
Risks:
Regulatory changes in the tobacco industry can impact ITC's revenue and profitability.
Competitive pressures in the FMCG sector.
Economic factors, including inflation and consumer sentiment.
Conclusion:
Investing in ITC Limited (NSE: ITC, BSE: ITC) should be based on thorough research, a long-term perspective, and a well-defined investment strategy. Monitor both fundamental and technical factors, and consider your risk tolerance before making any investment decisions.
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.
NSE ITC the short is over Long is a hover If you followed my previous ITC chart analysis it will be very clear that ITC the short is over and long is starting here.
In my view the momentum will pick up from here and we stay in long for few days to weeks .
ITC LONG TERM VIEWITC showing weakness , given zones are support and resistance areas , now in the bearish view only close above 447, on daily close expect some momentum in up side
[Positional] ITC Short IdeaNote -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
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ITC Stock complete in downtrend but bottom of chart make a morning star candlestick pattern with huge volume. it's indicate bearish to bullish reversal possible.
100 dema react as a support.
Good opportunity for create long position with small S.L
Disclaimer:- this is my personal view for education purpose only.
No Buy sell recommendations give by me.
ITC next week view ITC may taken support from these levels shorter term recovery if trades above 444
ITC time to invest first leg ?Friday formed DOJI Candle with high delivery volumes , indicate the selling halt , it may reverse or some short covering on Monday . Monday closing is very important .
ITC shorter view if first hour (tomorrow) not trade below 440 , trade above 444 . we can see buying opportunities.
ITC After a long run stock trend change bullish to bearish with a morning star candlestick at a top of chart.
Broke the trand line and make lower low formation is clearly indicate to downtrend move.
ITC result declared, numbers is good.
Stock show some more Bearishness
Don't buy at this point
Macd and rsi also Bearishness
Disclaimer this is my personal view for education purpose only.
ITC SUPPORT and RESISTANCE areasITC , Support and resistance levels 435 plus or minus 1% is first strong support area
ITC going to hideHi investors now ITC reverse from support area by which SL 450 target 475 in 4-5 days
ITC Daily time frame OUTLOOK ITC shows weaken in daily time frame , support show's 450/445, but closing hourly candle below 450/445 indicate more bearish.425/420 major support . be careful result . closes below 420 indicated major downtrend.
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!
sell formation ..profit booking timenext 3 month it will give sell formation
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wait for buying level
393 small support for retracement only
368, 347 { best buying level }
last support 212
#ITC needs to cool down before taking off again#ITC hits 500 today!! The biggest gainer among the largecaps in 2023 needs to cool down before continuing it's journey upwards. The odds indicate we might see a time correction, or a price correction (or both) for rest of the year.
