ITC
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 - 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
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
ITC - GO SHORT FOR AUGUST EXPIRYITC- GO SHORT @ 217 WITH A SL OF 230 AND A TARGET OF 157. THIS TARGET SHOULD BE ACHIEVED BY END AUGUST. TRAIL 30% OF SHORT POSITIONS FOR A TARGET OF 139
ITC double bottomOn ITC double bottom formed , If RSI goes above 50 or sustain on these level good to buy.
ITC AT SUPPORT EITHER SIDE BREAKOUTHello, Guys!
ITC at it's support of 194 if it breaks on closing basis then sell for target of 181.
And it takes support at 194 then buy for target 205.90 which also fill the down gap which need to be filled.
NOTE : Only for education purpose do add your common sense before making any trade, I'm not responsible for your profit or loss!
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Regards
Sanam Patel
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 TECHNICAL ANALYSISNOTE: TRADE ONLY WHEN YOU UNDERSTAND THE CONCEPTS.
TRADE WITH KNOWLEDGE FOR GOOD PROFITS!
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 - GREAT OPPORTUNITY TO GO SHORT @ 212 FOR 139 BY AUGUSTITC - GO SHORT @ 212 WITH A SL OF 228 AND A TARGET OF 139. TARGET SHOULD BE ACHIEVED BY MID - AUGUST
