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ITC - Key level

NSE:ITC   ITC LTD
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The most talked about FMCG stock.
With almost all bad news now factored into it, the stock is at a key short term demand zone and also a key fibo level.

If the stock bounces here we can expect a good move as there still is an RSI +ive divergence. But wait to see the bounce because if it breaks down it won't be surprising if it reaches the lower trend line .

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