in daily, cup and handle pattern formed here,
in weekly, price closed above upper BB and BB is expanding , https://in.tradingview.com/x/7hKKrJFV/
with sl - 73, pattern tgt - 105,
In daily, cup and handle formed and breakout happened with high volume,
in weekly price is in strong uptrend and sustaining above 20 ma, https://in.tradingview.com/x/zs3AUKoZ/
with s l - 175, 1st tgt - 245, 2nd tgt - 280
Technical : Cup With Handle Pattern Breakout Confirm!
technical Target : 323
Fundamentals Good :
(Fundamental Medium Term Target 700)
(Fundamental Long Term Target 900)
1.Total (Mkt. Cap) : 6418cr
2.Zero Debt : 0.00 cr
3. Stock PE : 10.45
Fundamentals Good : (Fundamental Medium Term Target 800)
(Fundamental Long Term Target 1000)
1.Total (Mkt. Cap) : 48883cr
2.Debt : 0.01cr
3. Stock PE : 16.07
Technical : Cup With Handle Breakout Confirmed! @ 503
Technical Target : 638
A)
Technical :
1.Cup With Handle Breakout Above @ 190
2.Multiple Top Break Out Close Above 180
Technical Target : 225
B)
Fundamentals : (Fundamental Medium Term Target 350) (Fundamental Long Term Target 500)
1. Mkt Cap Rs. 425cr
2.Return% on Mkt. Cap Quarterly :8.81%
3.Return% on Mkt. Cap Yearly : 7.53%
4. Debt : 0.39cr
5. Stock PE : 6.71
6. Return On ...
We can see short term play of Cup and handle breakout on ITC, target will be 295, and keep the Stop Loss 268! If the 300 level breaks, then we can see a sharp move towards 320!!
After a Short Term Correction this stock is getting ready to get on the Up Trend! Look out for the Target of 700 to 750 after the Cup and handle Breakout!
