ITC trade ideas
ITC Forecasting for Positional Trade ; Duration-7 to 20 DaysITC Forecasting for Positional Trade (Trade Duration-7 Days to 20 Days )
(Daily time frame chart used)
If you want to make good returns with less risk then you can enter around 186-190 with stoploss 180 for the Target of 200/208/238
why you should ?
1.Positive RSI divergence (you can refer my previous post of ITC )
2.Change in polarity with Good Volume
3.Trend Reversal .
4.Risk Reward Ratio is Good.
5.RSI- 68 ( Bullish )
6. MACD Bullish crossover
Disclaimer: I am not SEBI Registered ,This is just my own view.
ITC longOn current market scenario where market seems too much expansive one should look safe investment and when we think about good fundamental script ITC is name where we can play long- mid term bet . Stock seems technically good at CMP 214 . One can expect 24 % in mid time frame .
* Double bottom out indication is clear .
* Trading above 50 , 100 & 200 day moving average.
* Stock has given a breakout to a Cup pattern on day chart .
Fundamental0-
* Company is almost debt free.
* Stock is providing a good dividend yield of 4.74%.
* Company has been maintaining a healthy dividend payout of 64.42%
Clean Long ITCFirst Bullish Cypher harmonic pattern
Buy at 167.50 cash with less quantity
Second Bullish Shark harmonic pattern
Buy at 162.50 cash, futures or options
PRZ 160-162.50
view invalid below 155
stop loss 155
first target 175
second target 184
final target 192
ITC-Pull back is comingWith a current scenario, better to wait for a pull back then long sure shot. Around 200-205 will be a good entry.
ITC - Intraday / Swing Trade SetupITC CMP - 216.30
Looking bullish in higher time frame. One can go for Intraday / Swing Trade setup with the following entry, exit & targets
Buy At at Above 218 / Stop Loss 213
Target 1 - 220
Target 2 - 222
Target 3 - 224
Swing Target - 235 / Stop Loss 202
Disclaimer: This is my view and for educational purpose only.
ITC is ready to Take Off!NSE:ITC
Bullish view on ITC as it has given a breakout to a Cup pattern.
Target- 250
Stop Loss- 200
ITC BROKE ITS MAJOR RESISTANCE HERE we can see that itc broke its major resistance .so we can take a long position after it breaks 220 if a candle closes in 1D TF
ITC LONGITC DB in Daily Renko chart and making higher high pattern. look for the target 255-265-300 level. Lets see Will it make 255 on 05th Jan 2021
Long on ITCITC following Shree Cement Chart
ITC bottomed RSI on Monthly Chart
Price of ITC will grow exponentially in coming years.
ITC Daily Breakout Trade IDEAObserved Daily Breakout in ITC with sufficient Volume. one can initiate Bull put Spared like (+1 197.5PE and -1 205 PE) for Dec Series. Aggressive Player Can take 210CE and 197.5PE.
