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Stock technical analysis and trading call; ITC Limited

Feb 22, 2012  at 8:58:00 AM


Stock technical analysis and trading call; ITC Limited

Technical Analysis Report

Name of the stock :  ITC Limited   

The stock is currently trading above its 30,50 and 200 day moving averages. 200-202 level is the good support level for this stock and as far as it holds above this levels we can expect the break out from triangle consolidation. Immediate resistance is around 210 itself and  if it breaks and holds above that level, we can expect good rally. see chart updated for details.

Trading Call Based On Our Strategy
Signal : Bullish
Buy On dips :  At 205
Targets : 210/ 219 / 228
Stop Loss : 202-200
Risk Possible: Maximum around 1-2%
Profit Potential :  Around 7-10 % 
Time Frame : short term