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TAGaganDeep
Jan 1, 2021 7:12 AM

Probable Inverse Head & Shoulder in ITC Hourly 

ITC LTDNSE

Description

As evident in the pic,
ITC is probably forming an Inverse Head & Shoulder pattern on its Hourly Charts.

Break out is awaited.
Once we witness a valid Breakout above the neckline,
ITC will very likely move up by 15 - 18 points.

Trade active

ITC had given breakout above the neckline of the pattern, and a good move on the upside is likely on the cards.
View shall be invalidated below 207 on closing basis.
Comments
kindPie
Over 10 years time horizon, an investment of 1 Lac shall catapult to 1Cr in ITC + a large amount of dividends.
Kotha_Rao
@kindPie, you missed one more zero.

you mentioned 10 years time horizon, instead of 100 years !

with so much dividends and capital Gains, you will only pay high Tax and help people in Govt. to buy Votes thru direct credit to voters
toshtally
I'm very bullish on Yes bank. It's consumer business is booming & the Co is no more dependent on cigarettes business. I expect very healthy growth. I also like dividend payout policy of the company which is to pay out 85% of net profit. I expect dividend payout of Rs 12 per share for fy 2021.
Kotha_Rao
@toshtally, what will you do with dividend. Modiji will take 33% of it
kindPie
@toshtally,

Are taking about Yes Bank or ITC?
ReviveTraders
nice pattere
Kotha_Rao
@tradethetip, no more nice
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