ITC trade ideas
ITC Very Bullish ITC looking very bullish and it is forming a bullish Flag and Pole chart Pattern and it can give breakout in few trading days if it gives the breakout then it would be a good trade. And the 1st Target will be it's all time and so on but I don't decide the target of any trade I only decide my SL.
I am posting this trade not as an recommendation but for educational purposes.And you must do your own analysis before taking any trade.
DISCLAIMER: I am not a SEBI registered analyst.This is only for educational purposes. Any risk involved in it is your responsibility.
ITC here we can trade ITC for short term trade as the price formed Head and Shoulder pattern and also it broke the neckline and after retest can enter the trade with proper risk management.
And also the price got rejected from the all time high so still there is space to move further down.
DISCLAIMER: This is my own analysis and you do your own analysis before you take any trade and I am not SEBI registered and contact your financial adviser before taking any trades .I am not responsible for your profit or loss. This is only for educational purpose and learning.
ITC have broken the resistance ITC have broken the resistance line in 1 hour time frame. Itc has given a strong run up but it didnt touch its life time high yet. There is a strong possibility it reaches 420 in next 6months. Nearest support is around 326,300 and immediate resistance is 342,360. Breaking on either sides may move extra 50 points higher or lower.
Right now you can go long for next week as it has broken resistance at 335. Target can be 342,350,360
itc longterm bull the bull of IndiaI am in love with company don't be fooled with just 1or2 years high this is best investment for your bad times my ultimate targets are quite big on this company but for short term it can be trading between the range of 280 to 303 and above 303 it may catch 330/335 but accumulating range is below 290 accumulate slowly it will be in this range for 1 or 2 months for now 285 is the level to accumulate and hold
happy trading
only if it was this easy