parallel channel price has made higher high and higher low inside a yellow parallel channel.
after its first blue trend inside channel it is making a potential white triangle.
ITC trade ideas
Analysis of ITC for Short Term Investment.-Took support over demand zone 199-201
-If holds the support it will bounce to 210/220/225+ levels in coming week.
-View negations below 198
ITC Long oppurtunityITC is currently forming a falling wedge pattern once it breaks out it provides a fresh buying opurtunity
ITC LONG , Taking Support on Trend Line on DAILY and WEEKLY . ITC LONG , Taking Support on Trend Line on DAILY and WEEKLY . Good to but in this Price range for targets 220 , 240 .
ITC long Term SpeculationThe above chart NSE:ITC can either breakout or break down in the future with the future trends.
time frame = 1D
disclaimer: education purposes only
ITC DESCENDING TRIANGLE PATTERN ON 1HR CHARTITC is making a descending triangle pattern on a 1 hr chart. Good for Intraday and Short term. Look chart for further information. I have also marked the supply zone so BE careful in intraday.
ITC - Wait for breakout from pennantITC is consolidating between a triangle pattern. If it breaks above from the triangle, 236-237 will be the target we can consider, if it breaks below, 200-196 levels are ready.
This is just for education purpose and self learning so please DYOR before making any trade decision.
my EOD analysis 07/04/2021my eod analysis. long on itc for small profit. with the risk : reward retio of 1:2.10.
ITC ready for breakout ?ITC price is pushed to apex of triangle (Ascending triangle ) . Is it ready for Up move?
ITC CHART ANALYSISITC CHART ANALYSIS ITS UN FULL UPTREND HIGHEST PROBABLITY THAT IT BROKES THE TRENDLINE AND SHOOTS UP
ITC - Bat Combo with Bear convergence on RSIITC's current RSI with bear convergence might pull down from current price to 190.85(to complete Bat pattern D Leg) before moving up to complete the D leg of reverse Bat pattern. Yeah baby Bat pattern within reverse Bat pattern
Get your own analysis done before getting in to trading this Bat combo my way
Trade 1: Short: 200.25; T1: 190.85; SL:205
Trade 2: Long: 190.85; T1 227.30; SL: 185.75
ITC - AN EYE TEASER ITC a perfect text book picture worth millions. The recent action post the 200 break kept above the mid of the upward sloping channel. True to its history of underperforming could not sustain the up move and slide towards the middle of the channel now acts as strong support. For those who love only longs and fear the shorts this is the place to place the bets. Long here and dips to 218 stops 212 for move to 250 and then 260. Shorts will smoke their money out.
itcshort covering is going on for 3 days, seems like it will go 245 in short term above 250 we can expect greater moves
ITC - It seems trend is about to changeITC is consolidating and stuck between a range from around 200 to 220. A good support and resistance levels for swing traders.
BB - indicator is showing clearly the change in the trend, but it will consolidate for few more days(may be a week or more).
MACD - Sell off pattern is also changing and hoping a reversal soon.
All of above pattern shows that the stock is getting ready for long, but it will take some time.
A long entry is fine as long as the stock is ranging between 200-205, TGT - 217-220, SL- 196
All of above mention details are for self learning and education purpose only, please DYOR before making any decision to invest into the stock.
