I am expecting 226 in the next 2-3 sessions. Short Term Targets: 230-235 Medium Term Targets: 240-245 Long Term Targets: 300++ ITC seems bullish. Everything visible on chart. Kindly comment or reach out for clarifications or views. Rest Market will tell! :)
&the truth is No one noticed the double top on weekly time frame😉
vijcsrao
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Hope the small correction is over, if it breaches 210, it will go all the way to 197, I am hoping it start moving up from tomorrow, if mkt sentiment is sell then ppl who baught at 220 will be trapped for couple of weeks.
SaintLazarus
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@vijcsrao, Seems to be bullish. Actually 2 factors are in play: 1. Everyone wants to hold ITC as a sound investment and a lot of people are bullish on ITC as a result. 2. There are alternatives available in the market which are expected to outperform the market in the short and medium run in particular the constituents of the NIFTY IT index due to which other indices are not performing as well.
ITC is indeed a very good medium to long term investment, no doubt but as a result of a variety of factors it tends to disappoint in the short term.
Rest market will tell!:)
deb1896
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still not moving up rather going down .. :(
SaintLazarus
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@deb1896 keep holding and keep faith. This is just market's way of filtering out the weak.
Most ppl are expecting breakouts and prb is everyone has itc and the stock is deceiving all, jst see last three days mkt up 300 pts and this laggard down 5 bucks.....it deserves to be 255 and not 226 in three days bt thats not doable since it is itc and not dlf....!!
SaintLazarus
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@RajeshGambani, market will tell everything sir! Have faith!