It has been a rangebound movement today. And we all know what happens in range ----***TOP SECRET*** So get ready for the move on either side but prepare to buy if the stock breaks price action and can take profit at the red line
ITC Forecasting for Positional Trade (Trade Duration-7 Days to 20 Days ) (Daily time frame chart used) If you want to make good returns with less risk then you can enter around 186-190 with stoploss 180 for the Target of 200/208/238 why you should ? 1.Positive RSI divergence (you can refer my previous post of ITC ) 2.Change in polarity with Good Volume 3.Trend...
First Bullish Cypher harmonic pattern Buy at 167.50 cash with less quantity Second Bullish Shark harmonic pattern Buy at 162.50 cash, futures or options PRZ 160-162.50 view invalid below 155 stop loss 155 first target 175 second target 184 final target 192
With a current scenario, better to wait for a pull back then long sure shot. Around 200-205 will be a good entry.
NSE:ITC Bullish view on ITC as it has given a breakout to a Cup pattern. Target- 250 Stop Loss- 200
HERE we can see that itc broke its major resistance .so we can take a long position after it breaks 220 if a candle closes in 1D TF
The analysis done below is purely based on price action & chart patterns. Double Bottom (W) Pattern is a popular chart pattern in price action trading. In ABFRL chart (Daily TF) that I have shared here, traders can note that the second bottom is formed above the first bottom. (same is described with help of small image in the chart) In such cases where the...
All about support and resistance and entry and exit of a trade.
ITC following Shree Cement Chart ITC bottomed RSI on Monthly Chart Price of ITC will grow exponentially in coming years.
good breakout of itc above 209.40 on weekly with rsi above 60 after long time
ITC looks like change their trend. RSI already given trend line break out. Price chart given trend line to break out. Key level is 195.55, above this level boom. Good to long time.
The channel line shows that it is a uptrend stock The area between black line is no trade zone green line is target 1 and 2 Red line is breaking of the uptrend
ITC- CMP198.2, Can be taken with SL of 189.2 for a target of 202, 209, 220, 235. It was on continuous rise from 160-170 level and made a flag break out last month and breakout continues with intermittent healthy corrections. Presently going in a raising channel. RSI is also making an attempt to breakout. MACD even though is in positive territory till last trading...
itc is trending on support line can take support from cmp or breakdown
ITC over all bullish. As per Elliott Wave intermediate 3rd wave going on. we can expected price to move 234 to 237. it is Strong resistance Zone 1. also form here minor wave 1.
ITC ready to go either retrace from current level to the support or breakout