ITC trade ideas
ITC - Long Setup , Move is ONStock name = ITC Limited.
✅ #ITC trading above Resistance of 480
✅ Next Resistance is at 498
Daily 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.
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.
A SIMPLE STRATEGY FOR ITC ALONG WITH LIVE CHART FOR BACKTESTINGdISCLAIMER! THIS ANALYSIS AND STRATEGY IS MADE FOR EDUCATIONAL PURPOSE AND DO NOT CONSIDER AS AN INVESTMENT ADVICE.
Hey Folks!
In this Idea i am going to introduce my new concept of trading which is more objective based rather that subjective.
As the Title suggest that it is going to be a very simple strategy with specific entry point and stoploss moreover i will be sharing a live link to the chart that will help you too back test this strategy, and in the live chart there will also be my custom indicator that will guide a direction of a trend.
One be one i will add the working of the strategy as an update to the idea because there are multiple ways to use this strategy but as i said i will provide one setup that will work in the most simplest way.
The first simplest method.
Buying Point = Lower level of the Green Zone
Initial Stoploss= Lower level of the Red Zone which is just below the entry point.
Trailing Stoploss = Middle point Of the Red Zone which is just below the entry point.
Target = 1:2 , 1:4 and 1:8
Soon I will Show an example by adding a Snapshot as an update to this Idea.
So Staytuned.
ITC Bullish Pattern
Hello All,
I am glad you have liked my post and I am sure everyone who have traded on these post would have made profits.
If you like my Idea, Don't forget to Boost and comment on my Analysis.. The recommendations are purely for educational purpose only, consult you financial advisor before trading.
Gautam Khanna
Technical Analyst by Passion :-)
ItcStock name = Itc Limited.
Daily 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.
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.
Has ITC refueled its tank for the next move up?The ITC stock now has been consolidating for more than 2 weeks at a very strong support/demand zone of INR430-435.
This particular S/R zone is an active zone for the stock since May 2023, acting as support and resistance on several occasions since May.
There was a slight breach of the zone in Oct.end which was successfully reversed by the excess demand hence providing more relevance to this zone.
It is very interesting to witness the stock making a 2-week range right at the demand zone of 430-435 as if it is only waiting for an explosion upwards towards the supply zone of 450-455.
Surely the sellers/bears have tested the buyers/bulls enough and the buyers have bravely stood their ground even bringing the stock back above 430 after the breach, but now its time for the buyers to test the sellers. We shall see if they hold their ground of 450-455 or flee from the battleground.
CMP 437
SL 432
TARGET 457
ITC for 6 to 8 months target As per my knowledge I did price action and it came out that it is trend reversal major resistance is 1st resistance of 456 and if it breaks and retest you can see levels of 494- 500
Below side you have support of 200 moving average the line in red that is 429 and if it breaks the below target is 411
Analyzing ITC Stock Using Fibonacci Chart: ShortfallIn this analysis of ITC's stock using the Fibonacci chart, we identify a potential "shortfall" in the stock's performance.
First Target at 412.6: The "first target" is a price level at which the trader or investor hopes to sell their ITC shares to lock in profits or limit losses. In this case, the first target is 412.6, which means the trader is looking to sell ITC shares if the price reaches this level.
Second Target at 392.15: This is a lower target, indicating that if the stock price continues to decline, the trader plans to sell their ITC shares at this price to mitigate losses.
Stoploss at 440: A "stoploss" is a price level at which a trader will sell their shares to limit potential losses. In this case, the stoploss is set at 440, meaning that if the stock price rises to or above this level, the trader will buy their ITC shares to cut their losses.
This information is often used in technical analysis and trading strategies to manage risk and potential gains when trading stocks. However, it's essential to remember that stock prices can be highly volatile, and there are no guarantees in trading or investing. It's crucial to make informed decisions based on thorough research and risk management strategies. It's also advisable to consult with a financial advisor or do your own research before making any investment decisions.
ITC BullishThe Support and Resistance is shown on the chart.
The price action is showing bullish signs.
The trend can be seen on the chart.
The RSI is 58.28
The Earning release is on 19th October.
Disclaimer: This chart and it's analysis is for educational purpose omly. Trade according to your own analysis.
IMPORTANT LEVELS FOR THE MONTHNSE:ITC BSE:ITC
All these levels are for upside move, until price is holding these levels try to look for long position on every level.
I am expecting a upside momentum.
These levels are so simple so don't get confused .
If you are looking for the short entry then enter near or at the level or if you are planning long then also plan it near or at the level. It will help to minimise stoploss.
My view is long and buying on dip is a ideal strategy until it falls below the levels.
I will try to update these levels if it is required.
All the best folks.