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 trade ideas
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.
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.
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 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 Ltd : Clear Breakout Above 457 with SL 448ITC Ltd
Clear Breakout Above 457
Buy Above 457-460
Stoploss : 448
Target : 464-472
Holding : 1-2 Month
Disclosure : I am not SEBI registered.The information provided here is for education purposes only.I will not be responsible for any of your profit/loss with this channel suggestions.Consult your financial advisor before taking any decisions.