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Itclongterm

ITC: Bearish Momentum UnfoldsITC: Bearish Momentum - Short Trade Setup ITC Key Points The 4-hour chart of ITC confirms a sustained downtrend, with TP1 and TP2 targets successfully achieved. The price action suggests the continuation of this bearish momentum, keeping TP3 and TP4 firmly in sight. Trade Details: Entry Price: ₹508.85 Stop Loss: ₹518.65 (strategically placed above resistance) Targets: TP1: ₹496.70 ✅ TP2: ₹477.05 ✅ TP3: ₹457.40 (potential) 🔄 TP4: ₹445.25 (final target) 🔄 ITC Share Analysis: Risological Alignment: The Risological trend line slopes downward, confirming the prevailing bearish trend. Price Structure: Lower highs and lower lows indicate a clear seller-dominant market environment. Momentum Strength: Strong red candles suggest heightened bearish activity, increasing the likelihood of hitting the remaining targets. Action Plan: Existing Traders: Secure partial profits and trail stops to lock in gains. New Entrants: Wait for minor retracements toward the entry level for an optimal risk-to-reward ratio. ITC's bearish journey continues—watch for TP3 and TP4! 🛑📉
NSE:ITCShort
by ProfitsNinja
ITC - long viewThe stock has crested a good base at the level range of 204 levels. As you can see the stock has taken support around this area and moved upwards. It reached a high of 265 levels before crumbling to huge selling pressures. The stock is trying to make its way back to the top. I have presented my views on the chart with levels that can help you take your trades. Thanks & Regards, If you feel you can make use of my views and put them to good use, request you to kindly revert with feedback/suggestion/improvement
NSE:ITCLong
by ruelfernandes
ITC - Last level , that could save ITCWe 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 😀. Moving below or close below these would make this stock laggard 🤨 again. then it would most likely trade between 230- 218 levels.
NSE:ITC
by manuagarwal21
ITC fuelling up for launch to 300+? Bullish Fib based View 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 last week, the test of this broken support was done with extremely bullish momentum which signals that the Bulls are ready to launch the price to 300+ and the technical view using Fib retracement and extensions is shown in the chart. 3 sets of Fib levels are drawn on the chart. 1. Downward Fib extension from 367.7 (extended from 322.95) 2. Upward Fibonacci Retracement from 134.6 to 367.7 3. Upward Fib extension from 134.6 (extended from 158) The confluence zone of 0.618 fib of downward fib ext, 0.5 fib of upward fib retracement and 1.618 of upward fib extension will be the Critical Resistance Zone as it was the important pivot low of the downward extension and also the 0.618 of the same extension drawn as shown on chart. Breach of this zone will potentially propel price to the Volatility exhaustion limits of the upward fib extension of 2.618 level and also the 1st weekly resistance zone. Price breaching this zone will test the All Time High price and this is where the momentum matters for price pushing into unchartered territory and the extremely strong Fib resistance of 4.236 fib at 408.55 price level will be the exhaustion zone. =================================================================================================================== Do Your Own Research on Company fundamentals to get a good idea and its future potential.
NSE:ITCLong
by TradeChartist
4
ITC Long term EW Wave countsThis 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 Blue shows sub waves within the major wave cycles. Waves in magenta shows sub waves within sub waves of the major cycles. Waves in the green shows correction waves in the major elliott wave cycle. This is preferred wave count, the alternate counts are not shown here and i will paste it later. Seeing WXY Correction as a part of Wave 2 correction. Seeing ABC correction as a part of Wave 4 correction. At this point, it most likely shows ABC correction but it may be turned in to complex corrective pattern. The structure in development right now is bit early to count it but as long as it stays above 180-185 zone, bullish structure is preserved and ABC correction pattern is complete. It we see monthly close below 180, it may turn in to complex correction and we may see dip correction. (3) Pl note that this based on monthly chart analysis and each candle represents one month. If present structure is preserved and ITC stays above 180, then the wave 5 (Red color) counts are wave 3 (Red color) top and we will need to see the reaction from then on. If you wanna learn Elliott wave analysis, pl have your account set up with Elliott wave international Also pl read Ellott wave book "Elliott Wave principle - Key to Market behavior by Frost and Prechter, one of the classic resource on the topic. Also, a relatively good free resource on the YouTube is Elliott Wave Tutorial Part 1 to 5 by a channel called "Wave 618"
NSE:ITCLong
by Kru-KB
ITC Forecasting for Positional Trade ; Duration-7 to 20 DaysITC Forecasting for Positional Trade (Trade Duration-7 Days to 20 Days ) (Daily time frame chart used) If you want to make good returns with less risk then you can enter around 186-190 with stoploss 180 for the Target of 200/208/238 why you should ? 1.Positive RSI divergence (you can refer my previous post of ITC ) 2.Change in polarity with Good Volume 3.Trend Reversal . 4.Risk Reward Ratio is Good. 5.RSI- 68 ( Bullish ) 6. MACD Bullish crossover Disclaimer: I am not SEBI Registered ,This is just my own view.
NSE:ITCLong
by KrishnaSoni