ITC nearing two year high... and bullish
Updated
ITC nearing two year high...
Today ITC closed at 259.45, very close to the 2 year high price of 266.3.
The stock price looks bullish and any movement beyond 266 will take it to 282 for the initial target. Based on further action, the stock has probability to reach 310 once it crosses 282 with good volume and momentum.
Stop loss at 246.
RSI on weekly chart is strong.
Also check my previous analysis on ITC:
Today ITC closed at 259.45, very close to the 2 year high price of 266.3.
The stock price looks bullish and any movement beyond 266 will take it to 282 for the initial target. Based on further action, the stock has probability to reach 310 once it crosses 282 with good volume and momentum.
Stop loss at 246.
RSI on weekly chart is strong.
Also check my previous analysis on ITC:
Trade active
266 crossed today with good volume. Wait and watch for further price action. Looks positive in the long term.Comment
310 achieved on 1 August
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