the structure of itc is kinda of range bound to negative , as the markets wee falling it tried to stay sideways , but once there will be some seeming positivity in the market this stock too will join the RED PARTY ,atleast a 4/5 5% FALL is easily visible .. if unable to cross the hurdles on the upper range
Applied Fibonacci retracement. ITC touched its 1.618 retracement at 321 levels and corrected. 100% Fibonacci level is around 296 so expecting correction till 296 and may be uptrend to resume depends on the situation. 296 will be a crucial level to watch out and a nice buying opportunity with good risk reward ratio.