ITC 15M (23 MARCH 2023))NSE:ITC
itc given a breakout it may be fake one like previous so we can wait.
after retracement can go target will be 381.70.
otherside can go again downside
as before which is exact the resistance level.
ITC trade ideas
Trend Reversal After Impulse - Short After Impulse:
Formation Of Ending Diagonal
2-4 Trendline not yet broken.
Probable targets before mid of Apr
Target 1- 368
Target 2 - 360
Disclaimer :
It is not any recommendation. Only for educational purposes. This is my personal view only.
ITC BearishITC looks bearish in short term. It has multiple confluences
1. Double top at 394 levels
2. Generally Fibonacci retracement of this stock has been observed till 0.382 levels, which are yet to appear.
3. Tight Downward channel.
Fresh shorts can be initiated here for target 366,360, 355, 325. SL 384
ITCITC
CMP 376 ...
EW Counting of ITC from March 2020
looking at the structure ... wave (3) has been completed and we are heading for wave (4)
which could make price go towards 310 levels ...
it can slide further depending on structure but one can expect 310 from this price to come ..
Just a View!!
Vedang :)
Chart is for study purpose only!!
Decending triangle pattern The chart pattern indicates that making price from high to lower highs at resistance levels and making equal lows at support so that chart indicates that price shortly will fall. Target-174 and stop loss -214. this is educational analysis and is not for any buy or sell call
ITC breakout finally?ITC has given a weekly closing above its supply zone of 260-265 after 3 years also breaking its previous 52 week high with very heavy volumes.
From the chart, it is clearly visible it is an inverted head and shoulder pattern and stock has given closing above its neckline.
Let's see whether it sustains the breakout and bring happy faces on many investors' face;)
Small term trade in ITC Inside barSmall-term trade in ITC Inside bar
Bullish
MTM: 384
Target: 397
SL: 373
ITC LTD wweekly breakout hai strong bullish Dip buyHi everyone please consider this stock for uptrend every dip buy 4 hour chart
RSI BEARISH DIVERGENCE ON WEEKLY & DAILY CHART. Hello to everyone,
As we can see there is a bearish divergence in RSI & PRICE on weekly & daily timeframe. This is indicating that price has not much momentum to go upside. We can expect a trend reversal in stock price but only RSI divergence does not confirms the trend reversal. If any bearish candle or bearish pattern forms than only we can go for the short position.
Traders, if you liked this thread , write in the comments. I will be glad.
Attaching previous idea of ITC
BUY ITC FOR TARGET OF 360The stock has risen above the falling channel on the daily and weekly chart, suggesting increasing bullishness. Besides, the stock price has moved above the 50 day exponential moving average on the daily timeframe. The MACD indicator also suggesting bullish crossover in ITC .. Stock kam se kam previous high pe to jana chahie jo ki 360 ka hai,,lower side bat kre to 325-330 pe acha support hai,,to buy kro and paisa kamao, vaise bta du ye stock long term k lie bhi best hai...to jaisa chaho vaisa kr skte ho,
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ITC ATH 388.20 - Breakout expectationITC ATH 388.20
Above sustain then more chance for upside
Charts for Educational purposes only.
Please follow strict risk reward and stop loss if you follow my level
Thanks,
V Trade Point
Double top pattern showing bear Can you tell me. Is this double top pattern..?
ITC Ltd formed a good pattern.
Also this stock is at high price..
Wait for support....
Here is a possibility to get a buy signal in ITC Stock.If the price crosses the resistance line then you can buy. and stop loss will be the resistance.
ITC Looking WeakITC Looking Weak on Daily Time Frame It is Trying To Form M Pattern We Can See A Good Down Side From Current Level As Stock is Already Rallied Much And Ex-Dividend Date is Also Gone So We Can See A Good Profit Booking in ITC.
ITC ATH Breakout expectationITC ATH Breakout expectation
Please follow strict risk reward and stop loss...
Charts for Educaitonal purposes only.
Thanks,
V Trade Point
ITC AT SUPPORT! ITC is at support currently in an uptrend. We have support candle followed by confirmation candle on the day chart. With a strict SL of 370, buy away!
Short ITC - target 376ITC has broken on the upside from descending parellel channel. Short downside to 376 can be expected. Also RSI on monthly chart is highly over bought (>80 ); some profit booking can be expected here.
#ITC Bearish Divergence.#ITC Weekly chart showing BEARISH DIVERGENCE beween it's PRICE & RSI. Upward tredline firstly acting as support for the price & now acting as resistsnce for the price. If price holds itself below the resistance of trendline than peice can come toward downside in coming days.
A perfect L.cap to invest in this recession ***IT IS A LONGTERM IDEA**
Follow the FIVE rules below.
1)Book whole profit at TP if you want to free up capital.
2)Stick to strict stoploss,exit when hit.
3)Use supertrend indicator or monthly MA(Length is based on your appetite) and sell
Whole quantity when hit.
4)Wait as long as it hits TP.
5) Don't keep your capital allocation not more than 10% of available cash.
**CHART IS SELF EXPLANATORY**
ITC View for today 6th FebITC view for today 6th Feb
Epecting more uptrend if break ATH in ITC ltd for 6th Feb
Please follow strict risk reward and stop loss if u follow the level
Thanks,
V Trade Point
Double bottom with Bullish flag patternGo long from 74 to 85 of found Bullish candle near support zone or downside trendline
ITC at a structure supportITC at a structure support.
Major Structure support at level of 342, market may take support from this demand zone.
Buyers may enter into a safe long position once the level of 342 is broken.
Market is expected to test resistance levels of 360 on upcoming trading sessions.
