ITC trade ideas
ITC CALL 2 DAYSStop loss will be 200 fixed for long 5-7days.
but when it's retest then stoploss will below 5 candle.
If retest fail but on downline with stoploss of 200.
ITC LONG ABOVE 207PRICE IS AT MAJOR SUPPORT, AND IMMEDIATE RESISTANCE AT 207. IF IT BREAKS 207 THEN IT MAY BE A GOOD BUY WITH GOOD RR RATIO.
ITCTarget. 268/300+
investment purpose 3/6/9 month
*Educational purpose Do your own analysis before investing*
ITC @226ITC. DAILY CHART SHOW BULL SIGN PRICE MOVE UP COMING DAYS CLEAR FORMED CYPHER PATTEN 202 204 STRONG BUY POINT NEXT LEVEL 216 218 226 ....
ITC is going to riseNSE:ITC
*Trade Setup*
T1 - 230
T2 - 240
SL - 205
ITC has been trading in a range for a really long time.
200 remains to be a very strong support region and it has taken support over 5 times.
It has formed a triangle pattern so it has the potential to get out of that range and move higher.
Triangle pattern with 3 resistance is a good setup with high probability.
*Trade Confirmations*
- It has been trading in a consolidated range for a long time.
- Descending triangle pattern with 3 resistance is good.
- Volume is higher and it has crossed the average volume.
- Triangles are a really good patterns with high probability.
- Fundamentally good company.
Thank you for patiently viewing my ideas/analysis.
I appreciate it!
Let me know in the comments if you have any doubts or feedbacks
Broken flag patternITC updated chart perfectly on retracement levels, expect to reach 250+
let's see..
studying RSI divergancethis is a good example of rsi divergence and price action. If we can find in any underlying asset this kind of divergence, we can of course get a decent strategy with less psychological emotion.
itc seems a good investment stoploss should be 204 for intraday , 197 for weekly and 182 for monthly investors. targets will be 211 for intraday, 219 for weekly and 243 for monthly investors. once this stock gives a close above 225 in a weekly chart, real momentum can be seen.
Long ITC for 220,228,2401. Good for investment and will certainly give a good 40% returns in coming few months
2. Traders can look for 220 and 228 but if we get lucky this can become a flying beast in one da
There are lots of jokes about this script but if we really look into the averages of this stock, this stock is readying itself for a wonderful upside and will amaze everyone .
When I say that I am trading it, I am doing so with a closing basis stop loss of 205.
A Simple Trading System - ITCI am posting a simple trading system created by @JustNifty (Shri Van Illango).
I have fallen in love with this system.
Only ITC, MACD, 20 Moving average.
60 minute time frame
I will try this from Monday hopefully and post results too about this system.
Itc breaking outGuy itc is given a breakout in 4h and 1 day timeframes it has been consolidating for ages hope this time it will make new highs
