ITC stock has been waiting to see no negative news in the budget before it could move up. Now that the budget is out of the way, this stock has given a breakout from the trend line with hugh volume. At 227.40, it is quoting at the multiple of 19.65 times the earnings. Target of this breakout will be 239, 260. It will not be valid below 221.
Disclosure: I'm not a SEBI registered advisor. This is not a recommendation to Buy/Sell. For education purpose only.
Disclosure: I'm not a SEBI registered advisor. This is not a recommendation to Buy/Sell. For education purpose only.