KausthubRao

Bullish on ITC

Long
NSE:ITC   ITC LTD
ITC seems to have a breakout from the falling trend line, every body has though breakout has happened near 170s last week, I have show you the falling trend line they have put, and assumed it broke-out, but I am sorry guys that's a wrong trend line you have drawn, as you see the trend line at 175 last week has bring down the stock from resistance, and now it has broken the very same resistance. ITC also had Weekly gain after more than 9 weeks of losses. I would suggest you all wait until it crosses 173, for confirmation, but all of these is going to work on if World market are in favor, especially US election are coming up, so wait until you get some news fundamentals too, don't just do with resistance and support. ITC is going to stay in bulls zone from now! No matter what happens in world market, you are going to see ITC near 250s in next coming months. For ones who are trading, target price is 180, 192.

* I am going to soon going to upload fundamentals of ITC, watch out my page.
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