ITC has tested 310 Levels several times and it has acted as a strong supply zone. The price then fall down and it is nearing the demand zone again. I expect the price this time to break the resistance level 310 and we can set the target price @320. Stop loss @ 260.
There is a strong support found around 365 and it formed a hammer like pattern not allowing the price to go below 365. Fundamentals are also looking good. We expect the stock to shoot upto 450 levels. Place the stop loss below the support level 365.