abhishekm83
Long

ITC Reaching at next resistance

ITC (NSE:ITC)  
NSE:ITC   ITC
33 4 2
In Daily Chart it is visible that ITC             has bounced from the double bottom and now moving towards the resistance of 259-260. If it breaks that then it may move further up till second resistance @ 265.

One can go Long on ITC             for the target of 259 and SL of 254.
https://in.tradingview.com/x/hzHN6OxJ/
Comment: Trade Active
Comment: Trade Closed Target Reached.
Trade closed: target reached: Does'nt look like going above the resistance as expiry is very close.
Exit from Long positions if any.
Yeah, a pullback seems on the cards . Also, budget will affect the stock.
Reply
@dravya, Yeah, I didn't look at the budget perspective.
Reply
dravya abhishekm83
@abhishekm83, It moved like crazy last budget. Announcements on tobacco / Cigarettes and patanjali shall restrict the growth. Let's see how it moves.
Reply
@dravya, Right. Lets see how it behaves.
Reply
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