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Itcshort

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
Analyzing ITC Stock Using Fibonacci Chart: ShortfallIn 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 ITC shares if the price reaches this level. Second Target at 392.15: This is a lower target, indicating that if the stock price continues to decline, the trader plans to sell their ITC shares at this price to mitigate losses. Stoploss at 440: A "stoploss" is a price level at which a trader will sell their shares to limit potential losses. In this case, the stoploss is set at 440, meaning that if the stock price rises to or above this level, the trader will buy their ITC shares to cut their losses. This information is often used in technical analysis and trading strategies to manage risk and potential gains when trading stocks. However, it's essential to remember that stock prices can be highly volatile, and there are no guarantees in trading or investing. It's crucial to make informed decisions based on thorough research and risk management strategies. It's also advisable to consult with a financial advisor or do your own research before making any investment decisions.
NSE:ITCShort
by ketanbhalala
ITC--Uptrend Resumes or end ??ITC stock observations: ---->trending upwards, broken a strong resistance at 390 (zone previous strong resistance)). ------>after clear trending upwards now price is showing some sort of consolidation, from this level the trend resumes again or reversal may happen. watch this stock for short position. As of now ITC trending, upwards can we expect a reversal from here or continue move towards up, we need to wait for further price action to short.
NSE:ITC
by IIT-Trader
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