ITC LTD Share Tips, Technical Analysis Chart, Intraday Stock Trading Graph Advice - Stock facing strong moving average and fibonacci retracement support, Weakness expecting once ITC closes below 343. (Updated On 21st August 2014, Thursday).

ITC LTD

• As per previous report published in ITC stock gave a sharp up move after breaking its resistance @ 350 and after that stock made a high around 364. (Click here to see past report published on ITC LTD).
• Now daily chart indicates that stock is facing strong 38.2% fibonacci retracement support around 343, once stock closes below 343 and stays below then will find next support around 336 its 50% fibonacci retracement as shown in graph no1.
• Intraday close watch once stock starts trading below 343, if holds below then intraday weakness is expecting in ITC.
• Suggested Reading - EXIDE INDS moving in a up channel formation, will favor bulls once closes above its trend line resistance @ 170.
• As per graph no 2, technical indicates that stock is finding strong 100 days moving average support at current levels, once stock closes below 100 DMA then will favor bears and stock can come down.
• As per graph no 3, stock major trend indicator "'MACD" and "Stochastic Oscillator" is moving in a -ve zone, and by looking at ITC chart it indicates that down move is pending and if stock breaks its support then weakness is expecting. Close watch.
• Click here to see all the free trading reports (tips) published by us on ITC LTD.
• Stock tips for tomorrow.