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ITC LTDITC LTDITC LTD

ITC LTD

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ITC trade ideas

ITC LTD 1D TF~~Personal views on ITC LTD~~ Long on ITC for short to medium term. Price is taking support at the new trend line (Black Trend Line) and has given breakout on the previous descending trend line. I have used simple trend line analysis on daily time frame along with RSI and MACD indicators. RSI and MACD showing good strength with good volume. RSI going up with the price action following the trend line. Price is well above all moving averages and showing good strength. 20D SMA crossing 50D SMA on daily time frame. Refer to the Fibonacci levels for immediate target and support. ITC releasing Q4 results tomorrow, hopefully with good dividend which will push the stock further up. Today’s volume was also more than previous weeks average volume. ~~Do your own analysis before investing~~ ~~Feel free to share your views and learning’s~~
NSE:ITCLong
by GaganSingh10
ITC - NEGLECTED FOMOITC, is everyone's favorite meme stock. It looks like contrarian space. Assumption a) broad market trend remains same b) it is forming base and potentially beat the index c) current wave base near term 206 and big one around 193 holds. We have to entry points one long there and another on closing break of 230. Final targets arguably towards 300, but fair to assume 270. Warning, the returns else where is not to be compared with, standalone ability of this space is the point to ponder.
NSE:ITCLong
by sreebhashyam
2