In this approach, Once Breakout or Breakdown levels are breached, we initiate Long or Short positions accordingly with Proper stop loss as mentioned in the chart. Since the Risk Reward is 1:3, we can take a maximum of 3 trades. If we follow this approach, over the long run, money is gained. A trader is advised not to treat these setups as lottery tickets....
itc going bullish with no stop..bullish movementum first target 900-1000
after breaking the resisatnce at 455 zone...price moved strongly... from the last 3 sessions price falls and yesterday it tested the resistance again... if this bullish continuation or reversal happens... if reversed on bottom side we have a strong support @455 zone in the form of resistance. keep track this levels...
observations:: After Gapdown opening from zone 449-452 range price fills the gap and falling again... Now price starts consolidation again.. sell plan:: If price not able to break above the resistance zone, again falls below 446 resistance, look for sell up to 432 range and the previous resistance if failed to acts as support price falls more. keep track this...
ITC profit should be booked at this price. I am sure it will give another opportunity to reenter around 5% below the current price.
I hink we draw down to grean BISI FVG area on daily. Daily: If it breaks below second orange breaker bar we may see next target 27406 second target before breaking out of Daily Breaker bar. If this breaks we se continuation down to higher time frame bisi. May possibly see a good target at SSL around 27126 15m: 3m:
Observations:: ----->> Previously a strong sell of is observed @433 level, price again comes back to this level, if this is a false break out @ resistance sell below the resistance again. Keep your stop loss @ 436. Look for sell opportunity, if price falls below resistance only.
ITC Support Levels ITC Daily Chart support is around 385-378 levels. ITC Weekly Chart support is around 345-350 levels. ITC Monthly Chart support is around 320-325 level.
ITC cmp 421 Sl below 410 Target 430++ Retracement done and trying to come up.
ITC stock observations: ---->trending upwards, broken a strong resistance at 390 (zone previous strong resistance)). ------>after clear trending upwards now price is showing some sort of consolidation, from this level the trend resumes again or reversal may happen. watch this stock for short position. As of now ITC trending, upwards can we expect a reversal from...
Its time to take profit off ITC, i think this swing high is touched yesterday. we can enter it again if it comes around 400 mark.
ITC stock is observations: ---->trending upwards, broken a strong resistance at 390 (zone previous strong resistance)). ------>the same zone if acts as support will expect further up move in ITC. As of now ITC trending, upwards can we expect a reversal from here or continue move towards up, we need to wait for further price action.
Price making higher highs with RSI making lower lows. ITC looks to have topped at 290 levels. At the current level of 270, DMI has a bearish crossover, indicating an increasing strength of bears. Next support level at 260 Quick short trade Sell - 370 Stop Loss - 374 Target - 360
Open 244.00 Previous Close 242.50 UC Limit 266.75 LC Limit 218.25 Volume 24,823,291 VWAP 240.26 Mkt Cap (Rs. Cr.) 293,778 20D Avg Volume 33,726,752 20D Avg Delivery 12,283,897 Beta 0.72 Face Value 1 TTM EPS 11.30 TTM PE 21.10 Sector PE 22.78 Book Value Per Share 47.88 P/B 4.99 Dividend Yield 4.51 P/C 18.86
ITC at very crucial Level. the stock maybe break the resistance or take rejection from the resistance. Add this stock in your watchlist Make sure do your own analysis first
ITC 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!!