ITC trade ideas
ITC Inverse Flag pattern for Short time frameITC Intraday level for today #ITC
For short time frame high chance to form a Inverse flag if break 410
Buying opportunity above 422
Stop Loss area 412
Selling opportunity below 411
Stop Loss area 416
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
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V Trade Point
Itc may fly from hereITC can double from here with in a year. Sl below the trend line.
Chart is self explanatory. Please follow the price action & take the trade as per your appetite.
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Consistent Compounder, Portfolio Stock looking to rise ITC.ITC Ltd. operates as a holding company, which engages in the manufacturing and trading of consumer products. It operates through the following segments: Fast Moving Consumer Goods (FMCG) Cigarettes; FMCG Others; Hotels; Paperboards, Paper and Packaging, and Agri Business. The FMCG Cigarettes segment markets and sells tobacco and cigars. The FMCG Others segment distributes packaged foods, clothes, school and office supplies, safety matched, agarbattis, and personal care products.
The Hotels segment manages and operates hotel and restaurant chains. The Paperboards, Paper and Packaging segment produces and supplies specialty boards, graphic boards, and printing papers. The Agri Business segment exports feed ingredients, food grains, processed fruits, coffee, and seafood. There is an active news of demerger of FMCG and Hotel business which can be favorable for the stock.
It is a high Dividend yield stock with dividend yield at CMP being 3.6%. CMP of the stock is Rs. 433.4. The Negative aspects of the company are high valuation PE(26.4). Positive aspects of the company are strong cash flow from operations, MFs and FIIs increasing stake, growth in revenue and profits and Its being a company with Low Debt.
Entry can be taken after closing above 437. Targets in the stock will be 446, 453 and 465. Closing above 466 will activate long term targets of 471, 490 and 499+. Stop loss in the stock should be maintained at Closing below 424 or 400 depending on your risk taking ability.
The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
Buy ITC@ 440 avg@360 TGT 740/1105 sl below 260The company has declared the demerger of the Hotel business making the value unlocking. Also the global export in agri business is expected to have a greater boost with the war and flooding situation in middle east will boost the revenue and prices. Above mentioned targets can eb achieved short to medium term.
ITC on the ChartsITC: Coiling Up for a Potential Breakout? Long-Term Bullish, But Near-Term Watchlist
ITC has been consolidating within a range for a while, suggesting a period of indecision between buyers and sellers. This sideways movement could be a precursor to a breakout.
Long-Term Outlook:
The long-term picture for ITC remains bullish. The company boasts strong fundamentals and a consistent dividend track record, making it attractive for long-term investors. We can expect to see much higher targets for ITC in the future.
Key Levels to Watch:
Support: The recent lows around ₹370 act as a crucial support level. A break below this level could indicate weakness and further consolidation.
Resistance: The upper end of the consolidation zone near ₹480 represents a potential resistance level. A clean break above this zone could signal a fresh breakout.
Trading Strategy:
Bullish Scenario: If ITC holds the recent lows and breaks convincingly above ₹480, a long entry could be considered. This breakout would suggest a continuation of the uptrend.
Remember:
This analysis is for informational purposes only and should not be considered financial advice. Conduct your own research before making any investment decisions.
ITC INTRADAY TO SWING ITC might give a good INTRADAY to SWING trade with a decent stoploss and good Targets
ENTRY - 426.5
STOPLOSS - 423
TARGET - 436, 440++
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
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