ITC trade ideas
ITC ANALYSIS ON WEEKLY CHART & SHORT BELOW 200?Hi Everyone, ITC stock on 1W chart support 200.00 if breaks can go 175.00 level 2.414 of Harmonic ABCD pattern & above 220.00 pattern invalid can go 238.00 level 0.786 of Harmonic XABCD pattern. & Rersistance 240.00 if breaks can go 260.00. NSE:ITC
ITC - TRIANGLE BREAKOUTITC has consolidated more than 3 months around the price band 197-201. There will be only few more session ahead for the final consolidation and the breakout is about to happen.
Final consolidate range might be 189-201 not lower than that. Target price is 236++
ITC202 Very Important level.
Triangle formation with NIFTY FMCG also into a triangle pattern (Refer to next published chart)
Expecting a good up move in ITC soon
**Educational only
ITC/Nifty Ratio - Telling some different perspectiveITC/Nifty Ratio chart is now very close to its long term support line. Invariably it has bounced from here and significantly as the past tells us so. ITC may have some more pain left, but the memes days are seem to be numbered. ITC might revolt sooner.
DISC: Not a SEBI Regd. I post charts for my own study.
ITC LONG ITC bULLISH DIVERGEN
We are not Investment Advisor, All calls are for educational purpose and for paper trading. We do not have any access to any non-public information about any company. We are not giving an Financial advice for investment & trading.
elephant is likely to move noweverything is in the chart. in the past it has rallied after the buying exhaustion in nifty. seems this time it might play similar. Still doubt is there as a bearish gartley in weekly view is also forming, but even if in that case c leg has the target of 230. So, a 10 % target with 3% stoploss will be a good strategy from a buyers point of view.
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*
