ITC LTDLong
ITC - Trending back towards upper end of the channel
ITC Currently trading at 198. Stock has moved up well and in heading towards the upper channel. It has also broken the resistance line and has given a break out. The immediate pivot is near 210 levels. Sustaining above 210-212 would move ITC in to a long term bullish phase and the stock can start its rally towards making new highs. I would recommend investors to take long term positions in ITC above these levels and also watch out for volumes to get better clarity. A weekly close above 210 would be a better bet to enter for long term. 
Trade on confirmation and not on anticipation
Believe in power of compounding
Believe in power of compounding
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