ITC trade ideas
ITC - Bullish SetupITC is expected to give good targets from here.
Flag and pole Channel Breakout with good volumes.
Double bottom formation indicates super bullishness in stock.
ITC - Breakout; Close above 219 will open T1 - 237 ; T2 - 265 ITC - Breakout; Close above 219 will open T1 - 237 ; T2 - 265
ITC PreparedITC all time favourites of retailers. In weekly chart another break out scenario and heavy volume in last candle and RSI above 60. I'm already bullish on ITC when it's breaked 195 level.
ITC Chart Analysis for Long TermSeeing Price action on daily basis ITC looking bullish to me. It has broken uppertrend line which was acting as a resistance shown in red colour and is taking support from another trend line shown in green colour which is acting as support. 195-200 was a resistance which was broken and retested, now this area gonna act as support shown in green zone . The price may shoot up to 240 or near that red zone , which gonna act as resistance .
ITC Break Upside here we have a double top pattern this is good sign of upside if break 218 expect 235+
Average up/downITC is one of the finest stock in equity markets. Triangle pattern breakdown was occurred at 204-205 on 07/01/2021 which shows the opportunity to short, BUT on 12/01/2021, spinning top candlestick has occurred which indicates uncertainty in price action.
ADVICE: Average up/down by buying half at high/low and buying other half at low/high.
Ascending triangle ITCAs per my Analysis ITC making ascending triangle
Strong support at 200-195 if break then you will see it 160 but that not going to happen yes it will eat that level stop loss and move or will go up from 201.Only for education purposes
Approaching good support point to re enter.We can expect a swing from this point in ITC and the same to be watched out at.
ITC in Corrective Wave of elliott wave ITC may retrace till the Point C on the chart, then it may bounce from it. once it breaks top trend line there is the signal to buy ITC.
It seems following Elliott Wave pattern lets Observe it
ITC looks rangebound but it fares suffocated ?It has been a rangebound movement today. And we all know what happens in range ----***TOP SECRET***
So get ready for the move on either side but prepare to buy if the stock breaks price action and can take profit at the red line
