ITC IS ABOUT TO MOVE FORWARDGO LONG ENTRY LEVEL 188 TO 194 STOP LOSS 185.4
TARGET 225
TIME SCALE 10 DAYS
ITC trade ideas
ITC: Expect a good reversal from 210, IT IS THE NEW HIGH ITC:
Expect a good reversal from 210 BECAUSE
IT IS THE NEW HIGH SINCE MARCH.
12-08-20.
ITC ascending triangle breakout, closed above 202 Target 210,220 ITC ascending triangle breakout, closed above 202 Target 210,215,220 SL 192
ITC Weekly/Daily/ 4 hr supply 220.8-233.6ITC Weekly/Daily/ 4 hr supply 220.8-233.6
cmp:206.35 11 Aug 2020
ITC even though its not constantly uptrend, once it reaches the level we can take Limit entry
PRo:
1.2 legout in daily candle
2. weekly/daily coinciding supply zones
3.ITc is not constantly trending up, its like zic-zac up, so chances are that if it reaches the supply, it may react till next opposite weekly demand
con:
Left to execution in either DAily or 240 min...there were kind og range, so panding orders might filled
ITC took Strong SupportITC has taken good support and rallied... buy buy buy...
if you are not willing to buy in futures take options =>buy 215 CE sell 225 CE ...
expectation is it will reach 225 so by that time expiry comes in and you can eat premium of 3200
maximum loss is 5500 if it starts falling down to 195 then sell one more 225 CE you will loose around 2k-3k which is nothing
I bought 215 ce at 2.65 and sold 225 ce at 2.65 already at 700 profit...
I think ITC is a good dividend yield company and holding it will give you 5 to 7% profit i dividend yield itself and if it rallies that is extra... so buy in stocks if you have money
ITC - Breaking Out - Is it Big EnoughITC - The most talked about stock, finally breaking out. Wether it will continue, time will tell. For now 210 looks a possibility. See the Volatility Contraction pattern.!
Breakout spotted in ITCBuy ITC for the first target of 207
(Note:- This is my personal views. Please consult with your advisor before taking trade.)
ITC Bullish Target above 206ITC adhering to the trend line
Positive momentum building up slowly
Stop loss of 190 on closing basis
ITC - Range BreakoutITC range Breakout on the lower side can give good move below 191 which is also a previous month's low. Previous month's candle is a bearish showing rejection near 200.
ITC gearing for a breakout?Recommendation of Positional Long on ITC with a stop loss at swing low of 191.5
Stock should find its way this week #ITCIts continuous trading in tight range for quite some time now it should give breakout in any direction either up & down for sure, keep an eye.
ITC : Bearish in all technical ParameterBearish in all Technical Parameter.
Strong support 190 and good level for buying.
Buy ITC, target price Rs 243: Axis Securities
