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Mantubora
May 17, 2021 4:41 PM

ITC showing high volume and is a good stock to go long. Long

ITC LTDNSE

Description

Target 235
Stop loss 210.15

LONG BUILDUP in futures

high volume
5-Day 2,542,625
10-Day 1,936,257
30-Day 1,306,308

Company with low debt.
P/B 4.11
P/E 20.04
Security-wise Delivery Position
(17-MAY-2021 EOD)
Quantity Traded
3,80,01,828
Deliverable Quantity (gross across client level)
1,28,54,695
% of Deliverable Quantity to Traded Quantity
33.83 %

Todays outlook
212.75
0.50 (0.24%)

Trade active

target 215
Comments
saurabhyadav2y
Sl hit
Mantubora
@saurabhyadav2y, Technically on the daily charts Analyst see: Minor support on the downside lies at 205 Levels, Minor resistance on the upside is capped around 215 levels.

If stock breaches minor support on the downside and closes below it we may see fresh break down and stock can drag towards Major Support on lower side @ 201 and If stock breaches minor resistance on the upside and closes above it we may see fresh breakout and stock can head towards Major Resistances Level @ 221

Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. we predicts range for the Weekly as 221 on upside and 201 on downside.

On the daily chart ITC LTD. Share price closed above 100 EMA support which is a sign of bullishness for the coming session. Break above 210 levels will prices higher towards 215 levels.
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