Book profit in ITC
ITC profit should be booked at this price. I am sure it will give another opportunity to reenter around 5% below the current price.
ITC trade ideas
ITC is strong bullish.....Target will pass in next 2 session.....
One can buy ce option till target level....
ITC--False Breakout @ATHObservations::
----->> Previously a strong sell of is observed @433 level, price again comes back to this level, if this is a false break out @ resistance sell below the resistance again.
Keep your stop loss @ 436. Look for sell opportunity, if price falls below resistance only.
ITC Support LevelsITC Support Levels
ITC Daily Chart support is around 385-378 levels.
ITC Weekly Chart support is around 345-350 levels.
ITC Monthly Chart support is around 320-325 level.
ITC Volume DecliningITC sees a major hurdle ,anytime soon this will break the barriers and move down .Be cautious on long on this stock now.
ITC--Uptrend Resumes or end ??ITC stock observations:
---->trending upwards, broken a strong resistance at 390 (zone previous strong resistance)).
------>after clear trending upwards now price is showing some sort of consolidation, from this level the trend resumes again or reversal may happen.
watch this stock for short position.
As of now ITC trending, upwards can we expect a reversal from here or continue move towards up, we need to wait for further price action to short.
Tryout SMC ITC HomeworkTryout SMC ITC Homework
YTD chart.
there was a conusion whether 1-Mar-2023 low break on 17-Mar-2023 should be considered BoS but since it has not broken trend low i have not taken it as BoS
Its time to take profit off ITC
Its time to take profit off ITC, i think this swing high is touched yesterday. we can enter it again if it comes around 400 mark.
ITC correction and mean reversal required correction for ITC, over brought levels and move 13% swing , Trade at higher PE levels
ITC-Breakout from Resistance-Bullish Continue or Reversal.ITC stock is observations:
---->trending upwards, broken a strong resistance at 390 (zone previous strong resistance)).
------>the same zone if acts as support will expect further up move in ITC.
As of now ITC trending, upwards can we expect a reversal from here or continue move towards up, we need to wait for further price action.
INTRADAY IDEA ON 20-04-2023in ITC we will take a long and short trade this content is made for learning and educational purposes only
ITC going down?Price making higher highs with RSI making lower lows. ITC looks to have topped at 290 levels. At the current level of 270, DMI has a bearish crossover, indicating an increasing strength of bears. Next support level at 260
Quick short trade
Sell - 370
Stop Loss - 374
Target - 360
ITC | Bullish consolidation
ITC has been on a bullish trajectory since the beginning of 2022 and is currently consolidating in a triangle. Price is continuously forming higher highs and higher lows and is trading above 50 and 200 DMA. Breakout above this congestion zone and sustenance at 395 will be an opportunity for the stock to steer to new highs.
ITC STOCK LOOKING GOOD FOR SHORT TERMAs on Chart Analysis ITC can make new High @ 425 in coming few days
it can move from 395 to 412,425
only for education purpose....
ITC Ltd 02.04.2023ITC looks strong for short term. As per chart analysis ITC may achieve 386 and 393 on short term basis. Stop loss seems clear at 377.85.
ITCEstablished in 1910, ITC is the largest cigarette manufacturer and seller in the country. ITC operates in five business segments at present — FMCG Cigarettes, FMCG Others, Hotels, Paperboards, Paper and Packaging, and Agri Business.
Observed Exhaustion , May correct in coming days
Levels Expected - 356 - 360
This short call expires / negated once RSI breaks the upper limit ( 70 to 80)
ITC
Open
244.00
Previous Close
242.50
UC Limit
266.75
LC Limit
218.25
Volume
24,823,291
VWAP
240.26
Mkt Cap (Rs. Cr.)
293,778
20D Avg Volume
33,726,752
20D Avg Delivery
12,283,897
Beta
0.72
Face Value
1
TTM EPS
11.30
TTM PE
21.10
Sector PE
22.78
Book Value Per Share
47.88
P/B
4.99
Dividend Yield
4.51
P/C
18.86
ITC Breakout ITC at very crucial Level. the stock maybe break the resistance or take rejection from the resistance.
Add this stock in your watchlist
Make sure do your own analysis first
ITC 15M (23 MARCH 2023))NSE:ITC
itc given a breakout it may be fake one like previous so we can wait.
after retracement can go target will be 381.70.
otherside can go again downside
as before which is exact the resistance level.
Trend Reversal After Impulse - Short After Impulse:
Formation Of Ending Diagonal
2-4 Trendline not yet broken.
Probable targets before mid of Apr
Target 1- 368
Target 2 - 360
Disclaimer :
It is not any recommendation. Only for educational purposes. This is my personal view only.
ITC BearishITC looks bearish in short term. It has multiple confluences
1. Double top at 394 levels
2. Generally Fibonacci retracement of this stock has been observed till 0.382 levels, which are yet to appear.
3. Tight Downward channel.
Fresh shorts can be initiated here for target 366,360, 355, 325. SL 384
