ITC trade ideas
ITC under ascending triangle - On critical support - Next Level#ITC is moving under ascending triangle and getting support over 100EMA since 3day. If stock will break level 201 then stock will move to resistance 206 but 206-210 is strong resistance. Once level 210 break then only stock will move upward.
Same downside if 100EMA break then then 189 is support.
Showing Bearish in all Technical Parameter:
CCI is trending down
RSI is treading down
MACD line crossed below signal line
Stoch is treading down
William %R Treading down
ATR is decreasing since 3 day
New Shot position
Stock underperforming from Benchmark and sectrol index on 1 week and 3 month both
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Support : 180 and 170
Breakdown : 189
CMP : 195.45
Breakout : 200
Short Target : 206 OR 210 and 219
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Positive & Negative Point:
1) Neutral in Daily and weekly chart.
2) Very bearish in Monthly chart.
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(Disclaimer: This is only for educational purpose.)
ITC - consolidate Buy < 193.8
daily clbs sl 191.5
tg 198.5/205/211
Disclaimer : This is my personal analysis for study purpose not intended for trading.
ITC TECHNICAL ANALYSISNOTE: TRADE ONLY WHEN YOU UNDERSTAND THE CONCEPTS.
TRADE WITH KNOWLEDGE FOR GOOD PROFITS!
VIEW ON ITCAs RSI 14 period is resisting at 60 so the trend is neutral or not bullish in short term
Strong supply or resistance at 205
Weekly RSI also below 50
So we can sell OTM calls to earn theta decay.
Views negate above 215 on a closing basis
Notes
For educational purpose only
ITC levels & target - Nifty levelsHey Guys,
Global indication are negative, Dow was weak on last session, But showing some positive indication on futures.
Nifty is future showing negative opening.
Nifty option chain Data showing strongest resistance is 10500, 10600 respectively.
Strongest support is 10000 a huge call writing can be observed. For this week according to the data, Nifty will move between these levels.
ITC Analysis:
EMA: 200 EMA is a strong resistance for now.
Trend line: price is perfectly moving between two trend lines.
Bollinger Band: in past price got rejection from upper band limit, similar rejection can be observed at the current price level.
RSI: is good but showing weak signal.
Fib Retracement: Price is trying to sustain over 0.236 level.
Please share your thoughts in comment,
let me know if you have any questions,
Thanks. Stay Safe - Stay Invested.
itc foe 29th june 2020my levels
ITC buy above-196.30 tgt-197.90/200/202/203.95/205/208
sell below-195 tgt-193.90/192.10/190/187
there is a golden crossover and flage pattern
Please do ur own analysis before trade.
This is only for education purpose.
ITC Trend Analysis for Wave 1ITC life Time Trend finish Wave 2nd. Now start for Wave 3, it for monthly chart. This Chart will Explain long Term invest entry and for Swing Trading also find out entry and exit point.
Now Wave 1 st form as leading diagonal ABCDE.
ITC BullITC has consecutively faced 2 rejections and now it has taken a support at the fibo level. ITC Dividend news has given it a boost up and the last candle has ended with a hammer. Expecting a bull run from ITC - My alltime trustworthy favourite stock.. Note: I have the right to be wrong.
ITC MOVED EXACTLY AND HIT 208 FROM 184 LEVELS.ITC MOVED EXACTLY AND HIT 208 FROM 184 LEVELS.
NOW THE RETURN JOURNEY TO PREVIOUS LEVELS EXPECTED ..TO 180 /176 LEVELS IF BREAKS 198 /194 LEVELS
ITC completing wave4ITC is likely to take support at lower trendline and the move upward to complete wave 5
