ITC
"ITC is rated AA by MSCI on ESG, the highest among global tobacco players and better than most Indian FMCG companies.
-RESERVES AND SURPLUS ARE GOOD
-DEBT TO EQUITY RATIO IS GOOD
-THE CURRENT RATIO IS 1:4 WHICH IS ALSO TOO GOOD
-COMPANIES CASH FLOW IS ALSO GOOD
Price recently break above its 7-month resistance with a good volume and again came down because of coronavirus strain in the United Kingdom.
Right now price is making a kind of Bullish pennant pattern and volume is decreasing in a pennant which is a good sign and also there is a Hidden positive RSI Divergence on daily tf.
For entry, one can put a pending buy order around 214 or wait for a breakout and then enter. expecting targets of 230-250.
(It is a personal view which I am sharing with you so do not take all of these granted. do your analysis and maintain your risk).
“The goal of a successful trader is to make the best trades. Money is secondary.”
-RESERVES AND SURPLUS ARE GOOD
-DEBT TO EQUITY RATIO IS GOOD
-THE CURRENT RATIO IS 1:4 WHICH IS ALSO TOO GOOD
-COMPANIES CASH FLOW IS ALSO GOOD
Price recently break above its 7-month resistance with a good volume and again came down because of coronavirus strain in the United Kingdom.
Right now price is making a kind of Bullish pennant pattern and volume is decreasing in a pennant which is a good sign and also there is a Hidden positive RSI Divergence on daily tf.
For entry, one can put a pending buy order around 214 or wait for a breakout and then enter. expecting targets of 230-250.
(It is a personal view which I am sharing with you so do not take all of these granted. do your analysis and maintain your risk).
“The goal of a successful trader is to make the best trades. Money is secondary.”
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