ITC .. Make or breakITC 427 is at make or break situation. In chart it has given a Raising flag with HS pattern.
Good resistance at 441 suggests ITC may test the resistance before falling down to 393, 359
ITC trade ideas
ITC WEAK TREND 380-360ITC WEAK TREND 380-360
ITC recently acquired Century Pulp and Paper from Aditya Birla Real Estate for ₹3,498 crore. This acquisition is expected to expand ITC's paper capacity by 48%
#ITC Demand Zone An ITC Demand Zone refers to a specific price level or area on a chart where the buying interest in ITC Limited (a leading Indian conglomerate with businesses in FMCG, hotels, paperboards, packaging, agri-business, and IT) is significantly strong. This concept is used in technical analysis to identify key levels where the price of ITC's stock might find support and reverse upward. Demand zones are critical for traders looking to enter long positions at favorable prices.
#ITC Demand Zone Weekly timeframe #ITC (ITC Limited) demand zone on the weekly timeframe, you would look for areas where the price has historically shown strong buying interest (support zones).
ITC short term target could be 300ITC on weekly time frame has broken support channel.
Moreover, it has formed crab pattern.
With this it has potential for 300 with following levels.
380 / 360 / 350 / 320 / 300.
SL:425
ITC Analysis for result.Analyzed ITC with different technique and trend. It is looking weak and result is there today. So lavels are share with stop loss and target.
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ITC | LONG | SWINGITC has formed a reverse H&S pattern on the Hourly chart as you can see from this image.
Price is now holding the Weekly Pivot and this is a good sign of reversal from the lows.
Long trade can be entered for a Target of 450 price level.
SL - 435
ITC | SHORT | STBTFurther to my previous Swing Short Trade given on ITC based on the Daily Charts, here is a Trade on the short side for those looking to take entries based on the Hourly chart.
ITC can be shorted for an STBT trade since it has rejected yesterdays low and is also unable to sustain the weekly pivot.
Target - 432
SL - Todays high
ITC | SHORT | SWINGIf ITC closes today with an O=H type pure Bearish candle, then short position can be initiated for Jan/Feb series for a Target to 415 price levels.
As you can see, price has rejected the key moving averages and is constantly forming lower lows which is a sign of weakness.
The trade suggested here is based on the Daily candles and hence risk is to be factored in accordingly.
What's Going On With ITC?NSE:ITC has had a recent de-merger which let to a price decline of more than 5% last week. However the stock was already in a retracement phase as seen on weekly timeframe and it went down all the way to 430 rupees which was the 71.8% retracement level.
The current BB range is 400 to 500 which is a 20-25% volatility range in the 3 Standard Deviations. The price is almost in middle of it. It is above the 21 EMA which serves as the basis.
The RSI is above 50 and just above the MA.
Anything can happen. It can fall down all the way to 400 or it can shoot up all the way to 500 in just a couple of days.
I have a buy position already but I need to be cautious and continuously monitor it as the volatility is high.
It would be better to monitor it on an hourly basis and focus on the RSI Channel.
Once its broken, We can move to a daily time frame and make hold vs exit decision.
ITC : In a Buy territory,managed to close above Supertrend today
ITC : In a Buy territory,managed to close above Supertrend today although very near to the resistance of 500. Important resistance levels to watch for are 500 and 530 .
MACD is positive .
The only things that concern me are:
The size of the today's Green candle and nearby resistances .
( Not a Buy / Sell Recommendation
Do your own due diligence ,Market is subject to risks, This is my own view and for learning only .)
Green Flag to ITC !!??!!Looks like ITC has done its consolidation and corrected. Now its turning up !!
ITC LTD - WEELKY TF ANALYSISITC stock had a bullish flag pattern breakout some months ago, which resulted in a 15% profit. Now, the stock price has returned to the demand zone (the price range where it previously faced supply). From this range, there is a good chance the stock price could rise. In my view, this current price range looks like a good opportunity to buy.
ITC IN BUYItc is fundamental too strong and in technical its in fibo 50% so can buy @ 468 in technical
in fundamental 400
so buy 468 in here
next buy below 400
TRG 550-650
1-2 Year Holding
ITC | Long | SwingITC looking good for an up move.
Price is consolidating above the 200 DEMA and almost below the Monthly Pivot and Weekly Pivot.
Price has gone back above the Weekly support after breaking it which indicates a sign of Buyers stepping in.
A potential move up to 492 level could be expected.
ITC Ltd view for Intraday 6th Dec #ITC ITC Ltd view for Intraday 6th Dec #ITC
Resistance 470. Watching above 471 for upside movement...
Support area 460 Below 465 ignoring upside momentum for intraday
Support 460 Watching below 459 for downside movement...
Resistance area 470
Above 465 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
V Trade Point
ITC: Bearish Momentum UnfoldsITC: Bearish Momentum - Short Trade Setup
ITC Key Points
The 4-hour chart of ITC confirms a sustained downtrend, with TP1 and TP2 targets successfully achieved.
The price action suggests the continuation of this bearish momentum, keeping TP3 and TP4 firmly in sight.
Trade Details:
Entry Price: ₹508.85
Stop Loss: ₹518.65 (strategically placed above resistance)
Targets:
TP1: ₹496.70 ✅
TP2: ₹477.05 ✅
TP3: ₹457.40 (potential) 🔄
TP4: ₹445.25 (final target) 🔄
ITC Share Analysis:
Risological Alignment: The Risological trend line slopes downward, confirming the prevailing bearish trend.
Price Structure: Lower highs and lower lows indicate a clear seller-dominant market environment.
Momentum Strength: Strong red candles suggest heightened bearish activity, increasing the likelihood of hitting the remaining targets.
Action Plan:
Existing Traders: Secure partial profits and trail stops to lock in gains.
New Entrants: Wait for minor retracements toward the entry level for an optimal risk-to-reward ratio.
ITC's bearish journey continues—watch for TP3 and TP4! 🛑📉
ITC Ltd for Intraday 25th October #ITC ITC Ltd for Intraday 25th October #ITC
Resistance 476. Watching above 476 for upside movement...
Support area 470. Below 470 ignoring upside momentum for intraday
Support 470.Watching below 468 for downside movement...
Resistance area 475-476
Above 475 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
V Trade Point
ITC | Intraday | NSE15m Time Frame : Price reached to strong resistance zone
failed multiple attempted to break the resistance zone
Today(16th Oct) likely to move bearish trend
take short position followed by buy-side LQ sweep and bearish candle confirmation
ITC ltd view for Intraday 14th October #ITC ITC ltd view for Intraday 14th October #ITC
Buying may witness above 493
Support area 484-488. Below ignoring buying momentum for intraday
Selling may witness below 484
Resistance area 490
Above ignoring selling momentum for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
V Trade Point
