ITC- CMP198.2, Can be taken with SL of 189.2 for a target of 202, 209, 220, 235. It was on continuous rise from 160-170 level and made a flag break out last month and breakout continues with intermittent healthy corrections. Presently going in a raising channel. RSI is also making an attempt to breakout. MACD even though is in positive territory till last trading session it was diverging. Last session MACD was held at same position and divergence halted. It shall go up in future along with other FMCG stocks. This is for educational purpose only.
