ITC
ITC Ltd. Short term looking bullishAs ITC LTD. Chart showing some short covering and looks upside for next 5-7 trading days
ITC LTD. has taken good support @ 180 range
CMP @189.10
Upside View @ 206-210
Support or Stop range @180
5-7 Trading Days Expected.
{ALL MY VIEWS ARE ONLY FOR EDUCATIONAL PURPOSE.}
ITC Strategy for BuyingWait for channel breakout on upper side if it breaks out take buy(long) trade with target price of 207-208 .
It will move very slowly because of large market cap. Fundamentally ITC is very strong with big chunk of cash on balance sheet. Dividend yield is also good around 5% so if you want you can hold for long term as well.