island structure in ITC in the making
It seems island structure is in teh making in ITC. If that happens we can see great downside from current level in ITC. Tomorrow if and when it crosses below todays low, i'll take short position
ITC trade ideas
ITC GETTING READY FOR NEXT MOVEConsolidation in Range from 13th Feb 24
Trading Near Breakout Zone
Volume on Higher Side
Idea Invalid below 403
ITC - 1H - Eliott Wave AnalysisNot an advisory to trade - I am not a qualified Financial SEBI advisor.
Please don't trade based on this analysis. I am learning and I just forming the ideas based on what I learned
ITC INTRADAY TO SWING ITC MIGHT give a good up move as it started reversing from the same buying levels on can try a nice INTRADAY TO SWING TRADE with small STOPLOSS
ENTRY - 408.5
STOPLOSS - 405
TARGETS - 415,420++
Note- if any trade or value that's gone from the marked levels then that's not our trade just let it go or wait for it to come back
I'm not sebi registered this is my personal view
Please like or boost my idea if you like it or traded it
Thankyou
WEEKLY IMPORTANT LEVELSHey folks !
Marked important levels for the week.
Although All the levels have the description but still target are marked with green level and Stoploss is marked with yellow level.
Wait for price to reach its buying area for a better trade.
Risk Reward ratio is 2:1
For any questions just drop a message!
ITC MIGHT TAKE A U TURNITC might give a possible up move for good swing or positional trade based on pure price action, volumes and the place it is at. Can take a sharp or a decent u-turn
ENTRY - 404.5-405
STOPLOSS - 398
TARGETS- 415, 425,430++
Note- if any trade or value that's gone from the marked levels then that's not our trade just let it go or wait for it to come back
I'm not sebi registered this is my personal view
Please like or boost my idea of you like it or traded it.. thankyou
[Positional] ITC Swing BetNote -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives
ITC--@Trendline Break??This stock is now moving in a bearish channel.
now its time to look for bullish view...
if this continue to downwards or break above the bearish channel.on topside we are facing the trendline resistance.
wait until price breaks the trendline and retest for enter long side...
on topside we have bearish gap and a strong fall area to book profits.
look for long in this areas.
Short Swing Trade in ITCEverything is pretty much explained in the picture itself.
For any query kindly dm.
Thank you So Much.
ITC's next stepPlease do not trade without doing your own analysis
If goes below 404 ,go for 394 level as Target
Next target 368
Now, there is not trendline support so it may go down and we can not expect to going it again in higher sides.
THANK YOU
TRADE CAREFULLY
ASK FOR MORE NEEDED.
Buy Signal in ITC
ITC seems to have completed its downward swing. I think we hsould take chance with it for 5-10% upside.
ITC - Stoploss Hit, Exit.Stock name = ITC Limited.
Weekly chart setup
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Master Score - D
Disclaimer: This is for demonstration and educational purpose only. this is not buying and selling recommendations. I am not SEBI registered. please consult your financial advisor before taking any trade.
ITC in Weekly Demand ZoneExpecting a Reversal From Here
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All information is for educational purposes only, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. im are not responsible for any profit/loss you made.
Just take a look ITC So we've discussed about ITC previously
There was a gap down opening in the stock
It could not survive this selling momentum
So it fallen till /near 413
it shows this could be more worse .
We can see 370-355 levels this stock.
YOU CAN ASK FOR YOUR FAVOURITE STOCK TO DISCUSS .
THANK YOU
ITC WEEKLY CHARTITC WEEKLY CHART
Ellipse breakdown @ 425 MOB @ 370-360 MOB time frame 8th Feb - 13th May
This stock has witnessed an ellipse breakdown @ 425 levels, MOB projected @ 370-360 levels with expected time frame of 8th Feb- 13th May.
Its only an observation & not any suggestion or recommendation.
#ITC looks bad#ITC
ITC LTD looks bad here.
Market Structure is bearish, price can go lower.
₹445-₹460 can be a good level to short if market gives a chance in future. There is a gap/ inefficiency that price has left above, which might get mitigated in future.
ITC going to dig a holeSee ITC has taken retest of blue trendline ,200 sma and Sup/Resistance zone .
So if we take precaution then if it goes below 340 and retest at red trendline, there is going to be rapid hole 513
STAY Tuned for updates
ITC on next moveITC made a base at 424 and is prepared for next move.
a move above 482 is good to enter
We can see 600 levels in ITC in next year.
stop loss is 424
Still there are bulls ready to backup in ITCWe can see trendline and extran crucial support zone have stopped ITC from a freefall.
If any bad news or rumors does not come there will a bull or trapping in these Trend lines and the next resistance
ITC MIGHT GET BULLISHITC at critical support might give a good up move with small STOPLOSS good for swing and positional trade
Entry : above 442
Stop loss : 437 (can trail to 440 if sustains above 445)
Target: 450, 458, 465++
(Might go above 500 for positional)
Note- I'm not sebi registered this is my personal view
ITC--@Trendline Support ??This stock is taking the support of trendline multiple times and now price is at support level.
If this trendline acts as support again price is bullish and test the resistance trendline.
If failed then look for short side on retracement.
