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Tobacco

ITC : Trend analysis, Daily chart Long or Short ITC, One of the ICON of Indian Stock market . It's one of the stocks which is performing exceptionally well in comparison to MNC's like Reliance, TCS etc. Even after the fall of 10% from the recent highs, the stock is still on undecisive on trend. As there are no strong supports till the price levels of 370 we can expect a another 2-3 months of consolidation till 410. Once if the 410 levels are broken we can buy at 370 levels which is a 25% from all time high. As a high standard stock we can expect another 5-10% fall and then to rise again to new highs irrespective of Indian market giants.
NSE:ITCShort
by tradeGambler
2
ITC - A viewpoint NSE:ITC ITC Limited is a holding company engaged in the marketing of fast moving consumer goods (FMGC). The Company operates through four segments: FMCG; Hotels; Paperboards, Paper and Packaging; and Agri Business. TTM EPS: 12.01 TTM PE: 21.40 Sector PE: 23.75 Book Value Per Share: 47.87 P/B: 5.37 Face Value: 1 Mkt Cap (Rs. Cr.): 316,769 Dividend Yield: 4.18 Some Positives: Company with Low Debt Increasing Revenue every quarter for the past 2 quarters Increasing profits every quarter for the past 2 quarters Near 52 Week High Strong Momentum: Price above short, medium and long term moving averages Some Negatives: Inefficient use of capital to generate profits - RoCE declining in the last 2 years Declining Net Cash Flow : Companies not able to generate net cash My Opinion: When the stock is in any uptrend, it forms base in stages. One should wait for a new base to form. 265 is an important resistance. Can ITC cross 310 and go even higher? Absolutely yes. When? You never know. NOT A RECOMMENDATION. ONLY FOR EDUCATION PURPOSE. Thanks.
NSE:ITC
by babutaaniket
5