ITC LIMITED
- As per previous report published on ITC LIMITED, Stock broke its support @ 343 and made a intraday low around 341.75 and failed to closed below 343 and after that stock bounced back. (Click here to see previous report published on ITC).
- As per current technical analysis chart no1, stock moved up from 38.2% fibonacci retracement and currently facing trendline support, close watch stock will favor bulls as long as holds above its support zone.
- Suggested Article - Some rules for investing in penny stocks.
- On upper side ITC will find trend line resistance around 358.50, 361.50 and 364.50, stock will looks bullish once closes above its resistance. Chart no2 also indicates that ITC is moving up from 100 DMA, this will favor bulls to take stock price further up as long as stock holding 100 DMA.
- Intraday tips - Close watch once ITC starts trading above 358.50, if holds above 358.50 during stock market hours then intraday bulls action is expecting.
- Also See - ABAN OFFSHORE moving in a up channel foramtion, sharp movement expecting once stock breaks it on down side.
- According to monthly chart , as shown in chart no3, last month ITC has formed DOJI candle formation, this indicates sharp movement, close watch if stock breaks it resistance then sharp movement is expecting.
- Click here to see all the free trading reports (tips) published by us on ITC LTD.
- Trading tips nse bse.
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