NSE:ITC Well I think it's the great time to enter ITC We all see memes and discussion about ITC, since feb2021 the stock is fluctuating between price 200-225/-. CMP: 205.90 It formed a beautiful Triangle pattern on Daily Time Frame. There is no crossover between 50 & 200 EMA at this prevailing price, but what's the benefit when the opportunity is...
I break the upper line then a big target of 224 sell if break the down line, means for correction. most probably it will trade in the channel and the lower support is much stronger than the above resistance
After a long consolidation. Looks to be the next driver for nifty !!
The anchor points selected for harmonic pattern may seem unusual to beginners and some intermediate traders but are correct Trade will be invalid above 214
I never do this. But the breach of POC and positive results can give decent short term targets.
A long term break out on a trendline is shown by the stock. Keeping in mind the nearest swing as the next target, the stock can show a longer reversal.
Dear trader, If u look at the chart of ITC (analysis based intraday only) the ITC Buy at 205 and Target at 209 Best Buy at 204. Our Best Buy is based on high quality research and when the instrument reaches this level , it’s a jackpot trade. Best Buy level might be executed or might not be executed. The chart clearly indicates Bullish Trend you can also see...
Long side Break Out Opportunity in ITC TARGET 1 -> 230 TARGET 2 -> 300 STOPLOSS -> 190 1. Near to breaking out of this triangle zone 2. Good upside potential 3. Accumulate below 210 4. Very undervalued 5 . Overall bull run in market can support 6. expectation for up coming result in August
As you can see a triangle is being formed within channel. Upwards breakout will be massive since stock has been consolidating for months. Analysis for educational purpose only.
#ITC #Weeklychart Chances of hitting upper trendline after triangle breakout. Possible targets after breakout 220,240,250,275++ then expecting a correction.
Last Analysis Not failed, but Triangular consolidation happening.
ITC bULLISH DIVERGEN We are not Investment Advisor, All calls are for educational purpose and for paper trading. We do not have any access to any non-public information about any company. We are not giving an Financial advice for investment & trading.
ITC EQUITY levels ...28/06/2021 (D candle)
Stop loss will be 200 fixed for long 5-7days. but when it's retest then stoploss will below 5 candle. If retest fail but on downline with stoploss of 200.
Target should be the support