rdkriplani

ITC - Key level

NSE:ITC   ITC LTD
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.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.