ITC tumbled down from 262 levels to 222 levels. It created support around 222 levels, tested it many times, and started rallying again. Structure on the shorter timeframe is of higher highs and higher lows. Today it rallied to around 245 levels, but couldn't sustain and closed around 239 levels. Immediate support for the stock is around 237-238 levels, if it...
We have witnessed a remarkable move in the ITC from 200 levels to 265 levels 😍 in the past few months. Though in the last week, it has fallen about 12 %, that's a huge number 😲, ideally which an up-trending stock should not witness. Though it has good support around 230-232 levels, if held, then chances of moving upwards would still be there on the cards...
In today's session, ITC broke the trendline, it had been resisting for the past 20 trading sessions. Now if it sustains 232 levels in the short-term, it probably giving clues of renewing its long-term trend . Immediate resistance 237-238 Further resistance at 244 Support 230
As from traingle Patten formation (hh , hl ,lh , hl , lh till now ) now going to lh so it does not hit the lh again so it is going up no one can predict crt entry so take entry of 200- 208
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...
ITC 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...
Last Analysis Not failed, but Triangular consolidation happening.
Guy itc is given a breakout in 4h and 1 day timeframes it has been consolidating for ages hope this time it will make new highs
As ITC Following It's trend Line and With Good Fundamental We Can Go Long For this Now and
ITC bounced from the important level on the weekly time frame, suggesting buying still comes, whenever prices reach this zone , hence called happy zone for the buyers. In the near term, it could move up to 213 levels and would zoom up above 215 levels 240 levels.
all moving averages are together breakout with volume in weekly chart also moving averages are converging
This is the EW Wave counts based on Monthly time frame log scale. (1) See how the Magenta Trendlines are driving the prices. These are long term and solid structure contained within the trendlines. Lower Trend line provides the support and the upper trendline provides the resistance. (2) Waves counted in in Red shows major/monthly elliott wave cycles. Waves in...
ITC following Shree Cement Chart ITC bottomed RSI on Monthly Chart Price of ITC will grow exponentially in coming years.