ITC 4hr chart Head & shoulders pattern 02 Dec 2021ITC 4hr chart formed a Head & shoulders pattern. Watch out for Breakdown. 02 Dec 2021
ITC trade ideas
ITC LTDITC , it's not looks good in monthly,
1. Head and shoulders
2. Inverted cup and handle
But lets see , any news may affect
Head and Shoulder on ITCITC stock is showing volatility and moving with the current downtrend of market. The chart pattern on ITC shows a head and shoulder pattern. With that pattern, the script broke support at 230 and moved below. With current analysis, the script could form new resistance at 217. If the script trades below 217, it could be considered as a result of negative news overshawdowing the positive financial results. However, in this scenario it is unlikely to see that happening. The next strategy for investor should be to wait till ITC script hits 217 region and then go long in the script. After that, the finbonacci revrsal indicates the script could hit 230 price range. Happy Investing!
Tata motors Sell below 237.4Sell - 237.4
TG - 234.3
SL - 240
Pls trade with strict Stoploss and Target
ITC Rallied - What's next ??ITC tumbled down from 262 levels to 222 levels.
It created support around 222 levels, tested it many times, and started rallying again.
Structure on the shorter timeframe is of higher highs and higher lows.
Today it rallied to around 245 levels, but couldn't sustain and closed around 239 levels.
Immediate support for the stock is around 237-238 levels, if it sustains these support levels, it will try to retest its previous highs again.
ITC wave analysisITC completed wave 1 leading daigonal which started in 2020.wave 2 correction is going on.powerful wave 3 is likely to start either from 174 level or from 220 level towards 538.
My Stone Line, Follow Always, Win AlwaysITC pattern speaks a lot. Go for a long. SL 227.5 #gosimple #Nomoretools #aajsimplekartehey #bullabhibakihey
ITC ON RADAR !Itc should reverse from the given level a trade can be taken from given level as risk: reward is very favorable !
ITC 4hr Chart forming Head & Shoulders 31 Oct 2021ITC 4hr Chart forming a possible Head & Shoulders pattern 31 Oct 2021. Let me know what do you guys think.
ITC CONSOLIDATIONITC has hit its 5-year resistance at 262 and got a strong rejection there keeping it in the rising wedge. There are now chances for it to consolidate between the 5-year resistance line and the rising slope having a breakout point around June to July 2022.
ITC Buy @INR207 - another 7% decline from now.
Upward channel with not-long-enough and not-short-enough time frame since the formation of channel.
ITCMust Correlate yourself on charts before taking an entry. This is for Educational purposes only. Please consult your Financial advisor before investing.
A Symitrical Triangle FormedA symmetrical triangle formed accumlate in between 200 to 225 in SIP mode for the Targets of 375+ And make a sl of 198.
ITC - head and shoulder patternITC :
Sell Nov 230 CE @10/ above
Buy Nov 230 PE @7/8
Sell Nov fut @230, Target - 210
Insurance - Buy 230CE @10
ItcThis is your up@down side level but if your trade this stock i tell you clearly plz manage your RR
ITC is a Gem following the Technical and Fibonacci I have been tracking the ITC for some time ,Every move is exactly based on the Key Fibonacci Extension and Retracement levels of 38.2,50,61.8 ,In the last two down move it placed a support exactly at the key FIB level and started moving.
I see this move lead to 248 to 250 levels first before it makes any correction again.
ITC - Last level , that could save ITCWe have witnessed a remarkable move in the ITC from 200 levels to 265 levels 😍 in the past few months.
Though in the last week, it has fallen about 12 %, that's a huge number 😲, ideally which an up-trending stock should not witness.
Though it has good support around 230-232 levels, if held, then chances of moving upwards would still be there on the cards 😀.
Moving below or close below these would make this stock laggard 🤨 again. then it would most likely trade between 230- 218 levels.
ITC ON FIRECurrently ITC forming double bottom pattern. If ITC break 250 level n sustainable then it's a very Bullish sign. IMO this is the right time to go long in ITC. ITC consolidate in between 200 to 225 level from last 9 month and currently 265 is the breakout. But at the top level accumulation zone forming and after it's completed we can see min 300 also 400 levels.
