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