ITC ITC Ltd – Trade Idea
Recommendation : BUY
Entry Level : Above ₹425+
Stop Loss : Below support zone of **₹480**
Target Levels : ₹460 / ₹500 / ₹530 / ₹570
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**Technical Rationale**
* ITC is forming a **Flag & Pole pattern**, a bullish continuation setup indicating potential for further upside once the consolidation ends.
* Sustaining above ₹425 will likely confirm the breakout, opening room for higher targets.
* Support is well-placed near ₹480; holding this level keeps the bullish momentum intact.
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**Fundamental Snapshot**
* **P/E Ratio**: \~14.92 – attractive compared to FMCG peers, suggesting reasonable valuation.
* Diversified business model across Cigarettes, FMCG, Hotels, Paper & Agri.
* Strong balance sheet with robust cash flows and healthy dividend payout.
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**Outlook**
The confluence of **bullish technical structure (flag & pole)** and **comfortable valuations** makes ITC a favorable candidate for **swing to positional trades**.
Risk is well-defined with support near ₹480, while upside potential remains strong toward ₹570 levels.
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Thanks & Happy Trading
Disclaimer:
This idea is only for educational purposes,
Please Trade at your own RISK''
Trade active
Perfect setup: Note
Please place your stop loss below 380 as mentioned in the chart."
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.
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.