ITC: coming out to be potential long candidate with excellent RR
Updated
ITC is one among the controversial stock of 2020.
Everyone is seeing value in business & company prospects but same is missing in stock. There are many reasons and all are subjective to conclude it simply, its not retailers logic which move the stock and ITC case is best fit.
Technically ITC is sitting at excellent setup, MAY give good momentum as recent spikes are indicating there is buying force turning into ITC. My reason f posting this stock is excellent Risk to reward.
So CMP could be start point of accumulation journey of ITC.
Note- This is not recommendation, you are advise to derive your own analysis trade as per your risk and reward.
Everyone is seeing value in business & company prospects but same is missing in stock. There are many reasons and all are subjective to conclude it simply, its not retailers logic which move the stock and ITC case is best fit.
Technically ITC is sitting at excellent setup, MAY give good momentum as recent spikes are indicating there is buying force turning into ITC. My reason f posting this stock is excellent Risk to reward.
So CMP could be start point of accumulation journey of ITC.
Note- This is not recommendation, you are advise to derive your own analysis trade as per your risk and reward.
Note
Half quantity can be booked at CMP making Short term trade.Rest can be taken on hold as per one's allocation.
May show consolidation going ahead.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.