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
These are swing ideas which you can add your watchlist and analysis for yourself !
Keep on your radar 📡
This content only education purpose!
❗I am not sebi ragister❗
In this analysis of ITC's stock using the Fibonacci chart, we identify a potential "shortfall" in the stock's performance.
First Target at 412.6: The "first target" is a price level at which the trader or investor hopes to sell their ITC shares to lock in profits or limit losses. In this case, the first target is 412.6, which means the trader is looking to sell...
The Support and Resistance is shown on the chart.
The price action is showing bullish signs.
The trend can be seen on the chart.
The RSI is 58.28
The Earning release is on 19th October.
Disclaimer: This chart and it's analysis is for educational purpose omly. Trade according to your own analysis.
NSE:ITC BSE:ITC
All these levels are for upside move, until price is holding these levels try to look for long position on every level.
I am expecting a upside momentum.
These levels are so simple so don't get confused .
If you are looking for the short entry then enter near or at the level or if you are planning long then also plan it near or at the level....
Double bottom on chart
RSI Bullish diverge
MACD Bullish diverge
Also price above 20 & 50 DEMA
Entry when stock trend line breakout
Wait for confirmation
Disclaimer This is my personal view for education purpose only
No Buy sell recommendations.
On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
ITC is at its main support level. A good rise in ITC can be seen from here. This stock can give about 4 to 5 percent profit in the next one to two weeks.
Intraday ITC view for today 27th september Wednesday
Selling opportunity below 339
stop loss range above 443-444
Follow strict risk reward and stop loss if you follow the level...
Charts for Educational purposes only.
Thanks,
V Trade Point
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Prepare for ITC's stock to potentially soar as it breaks free from a bullish descending triangle pattern, flaunting a compelling 1:4 risk-to-reward ratio. 🌟💰
Calling all traders! 🗓️ This breakout could be your ticket to substantial portfolio growth. Delve into our comprehensive analysis...
The chart clealry shows that ITC will hit its support marked in chart once again before making any up or down move .
One can wait for this level to reach to take a call.
