ITC is read for short if it breaks @185 levelNSE:ITC
ITC is making divergence in multiple timeframes and it's a downtrend.
Sell only if it will break 185 support level.
ITC trade ideas
ITC IS MOVING TOWARDS 245It's in the upward correction towards the first zone of resistance between 217 - 233
Once it breaks above this zone then the next target is 245
245 is the confluence of resistance by the falling trendline and 50% Fibo Retracement.
Invalidation of this buy idea would be the break below 150.
ITC - Momentum PlayITC has rallied a lot, if it breaks the trendline at 187.50, a short can be attempted with SL of 190.5 for a target of 176.
Plz do confirm volumes b4 attempting, just an idea for thought.
ITC 2020 ANALYSISONE CAN ACCUMULATE THE STOCK AT A RANGE OF (156-130)
DOWN SIDE IS LIMITED AND WINDOW OPEN FOR UPSIDE (FOR INVESTMENT PURPOSE)
IF U LIKE THE ANALYSIS U KNOW THE DRILL CLICK ON LIKE BUTTON AND THANKS FOR UR COMMENTS.
ITC ::: LONG21 MAY 2020
INSTRUMENT: ITC
TIME FRAME: DAY
OTHER TIME FRAMES FOR CONFIRMATION:
3Hr. 4Hr
INDICATORS AND THEIR TRENDS:
PSAR: Bullish
STOCHASTICS: Bullish
MOVING AVERAGE: Bullish SUGGESTED TREND: Bullish
Technical levels
CMP: 188.89
Sell below: 187.31
SL: 185.55
TARGET 01: 192
TARGET 02: 194
My analysis of ITC is it is expected to gap up tomorrow 21 MAY 2020 and reach a target of 192 to 194. It has the capacity to reach up to 203. If it retraces from 203 to below 195 then would prefer shorting on a long term basis
itc buy with redline stoploss tgt given,,please wait for price to close below ,,I mean the candle close below the redline
Near Term Trading Strategy ITC (BUY)Chart itself is self-explanation of the trend.
Any quries / feedback email: ravinathani@gmail.com
ITC making Lower High and Lower LowITC is trending to touch 150 in coming future , but with every day our finance minister scheduled press conference in evening , my suggestion only trade intra day
Go long @ 150-155ITC is moving in a bullish triangle. See how it respecting the trend lines. Wait for closing and buy at 150-155 on an engulfing candle. Give a like if you like the idea.
ITC - Short is still on , stop revised to 165TC - Short is still on , stop revised to 165
Tgt 150 - 145 and 130
Do not follow blindly, please do your own research
#BEARISH GARTLEYITC FUT shorted positional from 186 with sl as mentioned in chart. in 10min time frame broken trend line support so there was good short opportunity.
ITC at 160-165 range what next?As mentioned in my previous update on ITC, fresh buyin is at 165-160 range and I expect it to trade in range before taking further movement of upside or downside. For downside I see bottom at 140-145 range and for upside 180-190 range
