ITC might give a good INTRADAY to SWING trade with a decent stoploss and good Targets
ENTRY - 426.5
STOPLOSS - 423
TARGET - 436, 440++
Note- if any trade or value that's gone from the marked levels then that's not our trade just let it go or wait for it to come back
I'm not sebi registered this is my personal view
Please like or boost my idea if you like...
Very low risk entry available in itc. buy above 415 only because it is basically in down trend . but volume is gud on last buying candle.
399 will be SL
and the target will be all time high.
only one problem with this stock 200 MA may work as a resistance. first see the price action near its 200 MA.
it has gud potential for upside . Follow strict SL & Proper...
Looks like ITC has done well so if one has to enter in this stock 400 or 355 will be a good place, so I think it has to correct more lets see what happens
Target 1: 400
Target 2: 355
It seems island structure is in teh making in ITC. If that happens we can see great downside from current level in ITC. Tomorrow if and when it crosses below todays low, i'll take short position
Not an advisory to trade - I am not a qualified Financial SEBI advisor.
Please don't trade based on this analysis. I am learning and I just forming the ideas based on what I learned
ITC MIGHT give a good up move as it started reversing from the same buying levels on can try a nice INTRADAY TO SWING TRADE with small STOPLOSS
ENTRY - 408.5
STOPLOSS - 405
TARGETS - 415,420++
Note- if any trade or value that's gone from the marked levels then that's not our trade just let it go or wait for it to come back
I'm not sebi registered this is my...
Hey folks !
Marked important levels for the week.
Although All the levels have the description but still target are marked with green level and Stoploss is marked with yellow level.
Wait for price to reach its buying area for a better trade.
Risk Reward ratio is 2:1
For any questions just drop a message!
ITC might give a possible up move for good swing or positional trade based on pure price action, volumes and the place it is at. Can take a sharp or a decent u-turn
ENTRY - 404.5-405
STOPLOSS - 398
TARGETS- 415, 425,430++
Note- if any trade or value that's gone from the marked levels then that's not our trade just let it go or wait for it to come back
I'm not...
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You...
This stock is now moving in a bearish channel.
now its time to look for bullish view...
if this continue to downwards or break above the bearish channel.on topside we are facing the trendline resistance.
wait until price breaks the trendline and retest for enter long side...
on topside we have bearish gap and a strong fall area to book profits.
look for long...
![ITC: [Positional] ITC Swing Bet](https://s3.tradingview.com/6/6hRahEAx_mid.png "[Positional] ITC Swing Bet")
