Get started

ITC

The Evergreen ITC PuzzleNSE:ITC is probably one of the most talked about stock in Indian markets. Twitter is full of ITC memes and investors have grown old hoping that one day ITC would finally start making a decisive upmove for good :) Anyhow, if you see the volumes in ITC lately, there has been a lot of interest. Lots of large volume bars in recent few weeks and the stock has broken out of a falling trendline (as shown by arrow). There are still some near term resistances as you can see in chart but could this breakout be the move that everyone has been waiting for? Only time will tell.
NSE:ITCLong
by YetAnotherTA
ITC Long | intraday long | Swing TradeFor Intraday Trade above 239 | SL-237 (see 15 min candle) Tgt1-247.45 Tgt2-252 Tgt3-260.2 ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------- For Swing Trade Long above 239 | SL-230 (For 2-3 months) Tgt1-260 Tgt2-285 Tgt3-354 by 1st week of November ----------------------------------------------------------------------------------------------------------------------------------------------------------------------- Do Your Own Research on Company fundamentals to get a good idea and its future potential.
NSE:ITCLong
by monemetrics1729
ITC fuelling up for launch to 300+? Bullish Fib based View This analysis is based on purely technical perspective with a Bullish bias primarily based on Fibonacci levels and support/resistance model. ITC has been grinding up slowly on Daily since the low of 134.6 from last year and is currently forming a Bullish Ascending Triangle as shown in the chart. Also the price has tested the broken support zone twice and last week, the test of this broken support was done with extremely bullish momentum which signals that the Bulls are ready to launch the price to 300+ and the technical view using Fib retracement and extensions is shown in the chart. 3 sets of Fib levels are drawn on the chart. 1. Downward Fib extension from 367.7 (extended from 322.95) 2. Upward Fibonacci Retracement from 134.6 to 367.7 3. Upward Fib extension from 134.6 (extended from 158) The confluence zone of 0.618 fib of downward fib ext, 0.5 fib of upward fib retracement and 1.618 of upward fib extension will be the Critical Resistance Zone as it was the important pivot low of the downward extension and also the 0.618 of the same extension drawn as shown on chart. Breach of this zone will potentially propel price to the Volatility exhaustion limits of the upward fib extension of 2.618 level and also the 1st weekly resistance zone. Price breaching this zone will test the All Time High price and this is where the momentum matters for price pushing into unchartered territory and the extremely strong Fib resistance of 4.236 fib at 408.55 price level will be the exhaustion zone. =================================================================================================================== Do Your Own Research on Company fundamentals to get a good idea and its future potential.
NSE:ITCLong
by TradeChartist
4
ITCITC has probably become the most hated stock in recent times, but chart is telling different story, it appears that the stock is currently in wave 3, and it has possibly completed a long complex correction in wave II of 3rd, and the stock bounced back from the support zone around 200, and finally it has given a fresh breakout of decending triangle or flag pattern with very good intensity of volume, the stock is set to start wave III of 3rd. one can go long at current level or in dips (if any), all the key levels are mentioned in chart with Stop-loss and Targets. Wave Structure, with channel and key levels Decending Triangle pattern Breakout Breakout with Good intensity of Volume, Zoomed View Weekly MACD Uptick Daily MACD Uptick BBC up Very Good positive Ungali setup RSI in daily above 60 uptick Disclaimer I am not sebi registered analyst My studies are Educational purpose only Consult with your Financial advisor before trading or investing
NSE:ITCLong
by RK_Chaarts
6