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ITC

Itc outperformed in weak market, Fundamental and Tech analysisITC Ltd ITC outperforms in weak market - Stock gains 7% in last five days October-December quarter (Q3FY22) - Strong all-around revenue performance - Cigarettes staged a recovery with revenues at Rs 6,959 Cr - Compared with Rs 6,091 Cr a year ago - Pre-tax profits from the segment stood at Rs 4,187 crore - Compared with Rs 3,659 Cr in the year-ago period Cigarettes business Performance - Stable taxation on cigarettes would result in high growth in cigarette volumes in the medium term. - Cigarettes business was one of the worst impacted businesses in last two years due to Covid-19 disruptions - Cigarette business growth in the current quarter reflects that volumes surpassed pre-covid high levels - Margins of this segment : 14% year-on-year growth in earnings before interest and tax (EBIT) Paperboard business Performance - Demand recovery from the user industries FMCG business - Growth was at a slower pace of 9.3% - Still stronger growth compared to most other FMCG peers End of financial highlights Tech Analysis With its peers loosing all the gains of previous year, Itc has been maintaining its support on 215 for quite a few months now, another good support stands at 201 levels. However Itc has always proven itself as a zig zag stock so the next resistance is at 236, which can again bring profit booking in this stock. Look out for these levels and keep a stop loss in ratio of 1:2. End of Tech Analysis
NSE:ITCLong
by mrassewat377
ITC - long viewThe stock has crested a good base at the level range of 204 levels. As you can see the stock has taken support around this area and moved upwards. It reached a high of 265 levels before crumbling to huge selling pressures. The stock is trying to make its way back to the top. I have presented my views on the chart with levels that can help you take your trades. Thanks & Regards, If you feel you can make use of my views and put them to good use, request you to kindly revert with feedback/suggestion/improvement
NSE:ITCLong
by ruelfernandes
Best Buy Zones for ITC #Bottomfishing Best Buy Zone: 163 - 182 Good Buy Zone: 182 - 205 Add on bounce, not while it is falling. Long Term Portfolio Stock. Tracking Quantity can be taken at 211. (Tracking Quantity : Suppose you want to Invest Rs.X in a particular stock. The amount between Rs.X/5 or Rs.X/10 would be tracking quantity) (‘Tracking Quantity’ of a stock in your portfolio will help you keep a track of the stock if it is coming in the indicated buying zones.)(Sometimes Out of sight goes out of mind so buying tracking quantity of stocks that you want to add in future helps.)
NSE:ITC
by Happy_Candles_Investment
ITC Long Term Bullish Trend - Slow upwards grind - BUY zone ITC has been a MEME stock for India stock traders as the performance of this stock has been very poor compared other stocks, even in the hyper bull run over last 18-20 months. But if you're a long investor and looking for defensive stocks with good dividend yields, wanting to preserve capital, ITC would be a good stock in the portfolio. If you notice the ITC chart closely, you can clearly see it has been in upwards bullish channel over last 18-20 months, making higher highs and lower lows. It's getting very close to test the lower channel support line and also 200 DMA support around 215-216 Rupees. If you're a mid term swing trader, you can buy low at the channel and sell when it hits channel upper line. Long term investors can start accumulating at 215-216 levels, as 2022 will be more defensive play and institutions will pile up their money in dividend paying stocks. Key Support line to watch 205 and 200. Key resistance line to watch 266-267.
NSE:ITCLong
by gmaster29
Nifty 50 Stock Analysis Series - 7th stock - ITCNifty 50 Stock Analysis Series - 7th stock - ITC -------------------------------------------------------- My Analysis: ---------------- ** Daily Timeframe ** ---------------------------- 1. was in channel pattern till 15th Sep and got a breakout, surged to Rs.260 with little retest. 2. Then, the correction wave (ABC) started and is in the C wave. It may reach Rs.210 in the next 1-2 weeks. 3. MACD is also below. So, wait for now. 4. Target 1 - it may go up (10% at least) to Rs.240 5. Target 2 - it may go up (20% max) to Rs.260 6. Wait for entry. Entry and target points are marked in the chart. Note: I'm not recommending buying this stock. This is for education purposes. This is my view, based on my learning. Please do not trade without your own conviction. Please invest after careful research. I'm not responsible for your profits/losses. - Gnanasekaran
NSE:ITCLong
by gnanasekarang
#CARBORUNIV CARBORUNIV #trading #candlesticks #invest #money #it#CARBORUNIV NSE:CARBORUNIV Carborundum Universal Ltd. NSE:CARBORUNIV NSE:CARBORUNIV CMP: 910.70 Target: >1200 Time Frame: < 3 months SL: 807 RR Ratio: > 3 INVEST & HOLD Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
NSE:CARBORUNIVLong
by Rachit_Sethia