ITC Ltd
Clear Breakout Above 457
Buy Above 457-460
Stoploss : 448
Target : 464-472
Holding : 1-2 Month
Disclosure : I am not SEBI registered.The information provided here is for education purposes only.I will not be responsible for any of your profit/loss with this channel suggestions.Consult your financial advisor before taking any decisions.
itc, same for this also, if shows some positive movement, can go long in it with new low as stoploss. if it continues uptrend then enjoy the uptrend ride. thanks for giving your valuable time to see my analysis.
do share your views in comments, thanks.
The ITC saga after a multi-year break the stock price doubled from 250 to a high of 500 during this phase the stock started to form strong bases and break out of the bases have been strong in the past with 35% rally in the last base
Stock name = ITC Limited.
✅ #ITC trading above Resistance of 480
✅ Next Resistance is at 498
Daily chart setup
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. this...
Itc gave nice break out at 438-40 and now consolidated near crucial resistance.. and can give a good returns if breaks 458
Right now one can enter above 452 with SL of 444 for swing or go long till 500 or above levels
I'm not sebi registered.. it's my own idea or strategy.
Start accumulating the stock cause it’s taken support from the Weekly trendline yet again.
Just watch how it reacts near 450-452 zone, and act accordingly.
Happy Trading !!!
Scenario 1 - If stock opens positive and move towards high then wait for the strong resistance and look for shorting opportunity
Scenario 2 - If stocks opens negative and move towards lower side then wait for the support and take entry when the support gets break.
dISCLAIMER! THIS ANALYSIS AND STRATEGY IS MADE FOR EDUCATIONAL PURPOSE AND DO NOT CONSIDER AS AN INVESTMENT ADVICE.
Hey Folks!
In this Idea i am going to introduce my new concept of trading which is more objective based rather that subjective.
As the Title suggest that it is going to be a very simple strategy with specific entry point and stoploss moreover i...
Hello All,
I am glad you have liked my post and I am sure everyone who have traded on these post would have made profits.
If you like my Idea, Don't forget to Boost and comment on my Analysis.. The recommendations are purely for educational purpose only, consult you financial advisor before trading.
Gautam Khanna
Technical Analyst by Passion :-)
Stock name = Itc Limited.
Daily chart setup
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. this is not buying and selling recommendations. I am not SEBI registered....
The ITC stock now has been consolidating for more than 2 weeks at a very strong support/demand zone of INR430-435.
This particular S/R zone is an active zone for the stock since May 2023, acting as support and resistance on several occasions since May.
There was a slight breach of the zone in Oct.end which was successfully reversed by the excess demand hence...
As per my knowledge I did price action and it came out that it is trend reversal major resistance is 1st resistance of 456 and if it breaks and retest you can see levels of 494- 500
Below side you have support of 200 moving average the line in red that is 429 and if it breaks the below target is 411
