NSE:ITC sell initiate for 04 Dec 2018 using 30 minutes chart based on Fibonacci levels, check below Sell level : Sell Below : 282.05 Stop Loss : 284.35 Target : 280.9
LONG: IF BREAK 292 TARGET: 312 AS PER W PATTERN THUMB RULE
ITC , bullish moves on the cards , which will lift nifty higher. stockddada for educational purpose only
Bump-and-Run Reversal Bottom Identification Guidelines Consult the associated figure on the right. The numbers cited should be used as guidance, not firm rules. For example, if the lead-in trendline drops by more than 45 degrees, it can be fine. Characteristic Discussion Shape A frying pan, tilted down, with the handle on the left. Trendline During the...
In 30 minute Fibonacci series show support and resistance For 22 - Oct - 2018 check following levels : Sell Below : 288.15 Target : 284.5 Stop Loss : 292.45
ITC long term uptrend Prie hit the Medium term downward sloping trend line, Wait until it breaks that trendline. Enter as mentioned in the chart.
As mentioned a few days ago for Nifty, some of the scripts also showing the Leap Frog Pattern.
Wave count: 3rv wave up is completed and 4th is running in a consolidation form. 5th will take price to 321 to fill the gap.
itc good consolidation between 270 to 285 range.now give breakout .if u miss the train not to worry.if weekly close above 310 ,buy for 350plus target
Nice upside break out after consolidation.
Target 314 (Fibo 61.8) If crossed with strength T2 323 - 324 (Gap Range) If crossed T3 335 If crossed T4 354
Sell 278, Trgt 267, SL 281. Rationale: Price moved up in a downtrend, strong Call OI resistance at 280. If there happens some correction in Nifty, this stock also may come down.
as we can see, ITC has made a bearish engulfing bar pattern it is expected to go down, it will be a good short sell
If ITC open above 263.60 and below 265.15 .. Then buy on Open with stoploss 263.60 First Target : 266.70 and rest hold till 3:15