ITC head and solder pattern so here it is clearly visible that itc is making a head and solder and we can also see a double top on 4hr TF WITJH NECK LINE AT 263 ASD ALSO A UPPER TREND LINE RESISTANCE .
ITC trade ideas
ITC BreakoutThe stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below the support zone & the lower trendline. The target is placed near resistance.
ITC Evening Star Pure Educational Purpose Only
On Weekly Timeframe, Seeing Evening Star without touching Body of Evening Star Candle Body.
But there is immediate Support also which may Retest also & bounce Back.
ITC - Should you buy or Sell or HOLDITC
RSI - 57 downwards
Looking Weak
We can expect a Slight fall.
Wait for an reversal and then buy
Traders who are already holding the stock - Dont sell - HOLD
Fresh Buy not recommended, until reversal seen
Happy trading
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Please refer chart for detailed explanation on technical analysis .
Falling wedge is one the most accurate pattern. One can buy around support zone.
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short ITCITC will be facing a massive resistance in the coming time. will be shorting it in the near future especially in the smaller time frames.
itc breakout last High when rsi is up than this stock trand continue this make a position form this level and stoploss break out candle
ITC - 2 year range breakoutITC - 2 year range breakout
Target - 280 / 310
SL - 245 (Weekly closing basis)
is ITC gonna prove everyone wrong this time ?In recent years, $ITC.NSE has been talk of the town but on insta memes for its underperfomance. But recent rally seems to have some surprise for traders as it has crossed and closed at 267.80 which is 3 years high. Technically, momentum is strong with volumes and also it is running up towards the channel resistance of 282 above which a new DREAM rally would be initiated. But on downside support is at 200 WEEKLY average at 235 which can act as Stop loss for investors and fresh traders.
Itc shorting opportunityShort itc old supply zones approached
Almost 1:3 trade . Only for future traders
#ITC #Priceaction ITC 1W: Given EMA conversion breakout at 225 (Volume supported). ADX> 25, RSI = 60. Much awaited BO above 249 & 257 is in place. SL 2340 to approach a price around 300. NO GHAR VAPSI (208-215 band) this time.. Once weekly close too does above 257 there shouldn't be any hurdle till price target. Now keep eyes on rising channel.Keep watching.
Failing third DriveThis is my trading journal, not a trade recommendation.
DISCLAIMER:
Trading in the stocks market or futures markets is on e of the riskiest forms of investments available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose. Nothing in this analysis is a recommendation to buy or sell stocks or futures and I shall not be liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from the use of this analysis or reliance on such information. Consult your financial advisor prior to investing is stock market.
This is one person’s experience, your experience may differ. Past performance is not guarantee of future gains.
CUP & HANDLE FORMATIONIts a formation of Cup&handle take a confirmation when the handle is formed .put a SL 1% & PF for 3 % .
If the handle is not formed.then it will be a double top.we can sort.
ITC WILL RESIST TOMMOROW AT ABOVE 3RANGES Price is very much close to is major resistance ie 257 261 and 265 bears will be active along this ranges
Getting Convergence around this ranges
ITC WAVE ANALYSISI see a big fall coming in ITC on the basis of the wave theory. Even I am not able to digest the targets which are reflected on the basis of the wave count. Hope my wave count is wrong. This analysis is for fun. enjoy. Please do correct me if my wave count is wrong.
ITC 1W: +Ve view #ITC #Priceaction #Movingaverage ITC 1W: Though price action showing strength still it appears to be 'NEUTRAL' in terms of R:R. Given EMA conversion breakout at 225 (Volume supported). Formed triangle within triangle. ADX> 25, RSI = 60. Much awaited above 249 & 257. SL 223 to approach a price around 300. NO GHAR VAPSI (208-215 band) this time.. Keep watching.
ITC--BUY ON DIP TO 228-220after completing 1st up move nifty to correct to 228 (1st support)or 50% retracement 224 or 61.8% retracement at 220 for 2nd down corrective wave .Once takes support 3rd wave to take it to 280 level.
ITCFor ITC 239-240 seems to be a major resistance line. If it crosses above and close with good volume, we can expect it to make another Rs10 - 20 on the upside
ITC--BUY ON DIP to 224 levelITC has completed 5 wave upmove in 1st wave likely to find support at 224-25 or fibo retracement as marked in chart accumulate at lower level as 3 wave down move in progress.
