even i am holding a lot at 235 ce lets wish it goes up
RKMK1964
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52week High selling natural Resistance, last Couple of months if we see 218.60H on 14th December then came to Low of 196.90 day by day recovered, consolidated from bottoms;
On 19th Jan 2021 touched a High of 221.70 later consolidated to a low of 202.35 till 29th Jan 2021, Budget Negative Rumours, on 1st Feb the BUDGET Day there was no negative impact on ITC then OPERATOR, okay to take it up and Retail Investors joined together to go long in ITC on 1st Feb from low of Rs.201.80 went Up with Volumes of Rs.217.95 and closed at 215.95, later two days in consolidate mode again Up with Volumes from low of 216 to 231.40 and closed at 229.95, later again Up without a break, sellers and buyers, short-covering 52-week High record, then fall started on 8th Feb from High of 238.05
As per other information FIIs based on their experiences not interested to hold ITC due to the Cigarette going to be down. Whereas ITC trying to build strength in FMCG but, Hotel's business returns are not good. But, its a Cash rich company paying 500% interim dividend this month. 22nd Feb Record Date.
Yesterday, 15th Feb volumes lower than, average and price support at this level strong.
Still, I am bullish in ITC and I am holding a Lot, there if any Institutions will take Up or not? wait n see.