ITC
Ready To Blast...MultiYear Breakout..I think it has done its retest with market trend and saw sharpe sell off in 2-3 days ......
i think it will give breakout to its multiyear resistence ...@265-67..
Next near hurdle is @ 245-247...
Looking Good Risk:Reward at this time ...one can go long with small SL...
Will It cross its Multiyear resistnace ?...Let me know in comment box ...Whats ur view..
Long term view: Potential targets are 335, 650 and 1900 aboveLONG TERM VIEW: Hope the accumulation is done which can be confirmed by breakout above 260 and successful retest of it on monthly chart. Potential targets are 335, 650 and atlast 1900 and above. But if there is a breakout failure then it can test 211 and below levels also.
ITC BUY for positional trade - Bullish run expectedIn ITC we can see a recent breakout in Weekly Chart with very good volume. An upside above 263 can take the stock around 280-285 in short term. For long term (6 months to 1 year) we can look at target around 310-320+.
A retrace if possible this week then one can accumulate around 250-245 as well.
Stop loss in the trade should be 230 below strictly.
Happy Trading!






















