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...
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...
ITC has given its multi year resistance breakout and is also a stock with great fundamentals
Surely is a great setup for swing trading
waiting for a pullback to buy
BUY at 225 to 230
Stop loss below 215 approx 10%
Targets given on chart of 275-285-320
ITC LTD, 120 MIN CHART,
IT HAS GIVEN GOOD SIGNS OF BULLNESS AHEAD,
FRESH BULL RIDE WILL START WITH CLOSING ABOVE 218.60,
TOWARDS 224.55, 233.55, & THEN 239 TO 241 LEVELS,
IF IT SUSTAIN ABOVE 241.25, THEN IT CAN SHOW 252 & 264 LEVELS TOO.
ANOTHER VIEW TO CONFIRM TARGET RANGE
DISCLAIMER.
I AM NOT SEBI REGSTERED ANALYST.
MY STUDIES ARE FOR EDUCATIONAL PURPOSE...
