Buy ITC | Expected Profit 5-6%Goodluck Capital Recommendation
Buy ITC (NSE: ITC)
Buy Range - 194.5-196
Target - 204.5-207
StopLoss* - 191.5
Duration 8-10 trading days
Potential Return^ 5-6%
Risk : Reward = 2 : 5
* Maintain recommended StopLoss by daily closing basis.
Once 1st target hit, reset StopLoss at 202.
^ Potential returns are calculated based on the median of buy range.
ITC trade ideas
ITC - Not yet out of WoodsITC - Though has broken a TL, but not yet out of woods. It is back inside the 6 year long Break Out Box. Any close and sustained B/o above 210+ safe side holds an upside, otherwise back to 180 levels and below that box... 150 would not be surprised to see again. Wait to go long! Better be sure than sorry!
ITC AT SUPPORT EITHER SIDE BREAKOUTHello, Guys!
ITC at it's support of 194 if it breaks on closing basis then sell for target of 181.
And it takes support at 194 then buy for target 205.90 which also fill the down gap which need to be filled.
NOTE : Only for education purpose do add your common sense before making any trade, I'm not responsible for your profit or loss!
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Regards
Sanam Patel
ITC under ascending triangle - On critical support - Next Level#ITC is moving under ascending triangle and getting support over 100EMA since 3day. If stock will break level 201 then stock will move to resistance 206 but 206-210 is strong resistance. Once level 210 break then only stock will move upward.
Same downside if 100EMA break then then 189 is support.
Showing Bearish in all Technical Parameter:
CCI is trending down
RSI is treading down
MACD line crossed below signal line
Stoch is treading down
William %R Treading down
ATR is decreasing since 3 day
New Shot position
Stock underperforming from Benchmark and sectrol index on 1 week and 3 month both
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Support : 180 and 170
Breakdown : 189
CMP : 195.45
Breakout : 200
Short Target : 206 OR 210 and 219
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Positive & Negative Point:
1) Neutral in Daily and weekly chart.
2) Very bearish in Monthly chart.
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(Disclaimer: This is only for educational purpose.)
ITC levels & target - Nifty levelsHey Guys,
Global indication are negative, Dow was weak on last session, But showing some positive indication on futures.
Nifty is future showing negative opening.
Nifty option chain Data showing strongest resistance is 10500, 10600 respectively.
Strongest support is 10000 a huge call writing can be observed. For this week according to the data, Nifty will move between these levels.
ITC Analysis:
EMA: 200 EMA is a strong resistance for now.
Trend line: price is perfectly moving between two trend lines.
Bollinger Band: in past price got rejection from upper band limit, similar rejection can be observed at the current price level.
RSI: is good but showing weak signal.
Fib Retracement: Price is trying to sustain over 0.236 level.
Please share your thoughts in comment,
let me know if you have any questions,
Thanks. Stay Safe - Stay Invested.