ITC trade ideas
channel breakoutstock has broken channel with heavy volumes, with wide bull spread, price is above 200MA, notice volume while selling and while buying in channel .
ITC - Wait for better rewardProbably can go up current price is support level, but earning released on Feb 11.
PAT% and EPS% little low, definitely good company for long term investment. I will prefer to enter 211.50 if it go dip.
ITC ShareIf ITC share breaks the red horizontal Line support then it will fall down and target would be 201.20 of last support
RSi DIvergence in ITC There is clear RSI divergence in ITC chart. Initiate your long position carefully
ITC Heading to New Highs for the weekSeems like the 4th wave correction is will complete at the levels 227-229 got the move above 239
Entry Levels: 227-229
Strict SL: 223.3
Take Profit : 239
Also there is a high probability of 5th wave getting extended as the wave 3 is not more than 1.618 times that of wave 1.
ITC strong uptrendITC gave a breakout and faced a resistance which can be broken to face a higher resistance. Secondly it can retraceand then give a breakout from the current resistance.
ITC - Intraday / Swing Trade SetupITC CMP - 217.85
Looking bullish in higher time frame. One can go for Intraday / Swing Trade Setup with the following entry, exit & targets
Buy at or Above 221 ONLY / Stop Loss 217
Target 1 - 224
Target 2 - 228
Target 3 - 232
Swing Target - 238 / SL 200
Disclaimer: This is my view and for educational purpose only.
ITC is a Gem for the next decade.NSE:ITC
ITC formed two bullish patterns simultaneously.
Cup and Handle
Bullish flag
A successful breakout was observed on 4 feb 2021
Target 1-250
Target 2- 270
Target 3- 280
I can be 100% wrong.
Please analyze personally before ang trade.
Happy Trading!
ITC getting ready to explode once start closing above 220..ITC is buy ince starts trading above 220 and stays above it... short term target 234.... medium term 268...
flag pattern break out ..Go for buy buy [LONG]Disclaimer: it is just for educational purpose only not for any recommendation
Fake Triangle PatternITC on important level expect to take support around 195 and reverse or if breaking marked demand zone may expect to reach 185
lets see..
