Long on ITC for short to medium term. Price is taking support at the new (Purple ) and has given breakout on the previous descending . I have used simple analysis on daily time frame along with and indicators. and showing good strength with good . going up with the price action following the . Price is well above all moving averages and showing good strength. 20D crossing 50D 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 was also more than previous weeks average .
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