ITC RISING WEDGE 1H TimeframeITC in 1-hour timeframe shows a rising wedge pattern with a high probability of giving a breakout and going below 207 in the next week.
ITC trade ideas
ITC view on Daily ChartITC @ 207, next immediate support @ 200 which is also a psychological level. It can give a decent bounce in couple of days after touching this level. keep on watchlist. Immediate resistance at 215.
ITCPOS. ADD ITC AT 213/200
UP SIDE WE SEEN 233-255-277+
IF CLOST OR SUTAIN ABOVE 240
SKY IS THE LIMIT
50% Fibonacchi retracementI think it has closed at 50% Fibonacchi retracement so, it should move upwards from here. Take your own call for buy or sell.
channel breakoutstock has broken channel with heavy volumes, with wide bull spread, price is above 200MA, notice volume while selling and while buying in channel .
ITC - Wait for better rewardProbably can go up current price is support level, but earning released on Feb 11.
PAT% and EPS% little low, definitely good company for long term investment. I will prefer to enter 211.50 if it go dip.
ITC ShareIf ITC share breaks the red horizontal Line support then it will fall down and target would be 201.20 of last support
RSi DIvergence in ITC There is clear RSI divergence in ITC chart. Initiate your long position carefully
ITC Heading to New Highs for the weekSeems like the 4th wave correction is will complete at the levels 227-229 got the move above 239
Entry Levels: 227-229
Strict SL: 223.3
Take Profit : 239
Also there is a high probability of 5th wave getting extended as the wave 3 is not more than 1.618 times that of wave 1.
ITC strong uptrendITC gave a breakout and faced a resistance which can be broken to face a higher resistance. Secondly it can retraceand then give a breakout from the current resistance.
ITC - Intraday / Swing Trade SetupITC CMP - 217.85
Looking bullish in higher time frame. One can go for Intraday / Swing Trade Setup with the following entry, exit & targets
Buy at or Above 221 ONLY / Stop Loss 217
Target 1 - 224
Target 2 - 228
Target 3 - 232
Swing Target - 238 / SL 200
Disclaimer: This is my view and for educational purpose only.
ITC is a Gem for the next decade.NSE:ITC
ITC formed two bullish patterns simultaneously.
Cup and Handle
Bullish flag
A successful breakout was observed on 4 feb 2021
Target 1-250
Target 2- 270
Target 3- 280
I can be 100% wrong.
Please analyze personally before ang trade.
Happy Trading!
