ITC - BullishDowntrending Channel Breakout
Cuurently at daily resistance
Expecting a short pull back till 440-45 areas
Before heading out for ATH
Strong support area is only near 400
Expecting 550-600 soon
Itcbreakout
ITC Multi Decade Rally to beginITC is a retail favorite, however, for the past 7 years, the stock has not done anything. Looks like all that is about to change. Chart is self explanatory. I have shared a monthly chart (log) and have also included Fibonacci retracements on this one.
ITC ready for a bounceITC ready for a bounce after retesting is long-term support zone of 200.
Fundamentally good stock haven't participated in this market rally till now.
Stock on the verge of breakout of trendline.
FMGC sector diversified business model.
Trigger News
ITC files Rs 100 cr defamation suit against portfolio manager Manu Rishi Gupta for blog post
buying for the targets of 20% in 2-3% time frame for safe players SL is 196.50
Disclaimer: Chart, data and levels for study purpose only. I am not a financial advisor. Use your intelligence before investing.
ITC Waiting for BreakoutITC is forming a triangle in a day candle,we are expecting a positive breakout and will give a target
