One Target One SL



Last updated : 09 May 2020

ITC is one of the largest company involved in FMCG, Hotel, Cigarettes sector. NSE Code of ITC is ITC. BSE Code for ITC is 500875. Face value of ITC is Rs. 1. ITC is available for Future and Options trading. Lot size for ITC Future is 3200. (Time to time lot size changed by exchange, so please check it once before taking any action).

Latest View on ITC

09 May 2020 : ITC closed at 158.25 after making low 157.10. In previous post i mentioned, that we can see more selling in this stock and level of 154-155 also possible. Stock made low 157.10 in Friday session, and still there is no reversal sign in stock. One should wait till no strong buy signal in this stock. Who are holding short position, may hold position with stop loss of 164. Always hold short position with proper hedging. Above view only for education purpose.

06 May 2020 : ITC closed at 164.95, down 5.15% today. In previous post i mentioned, if someone having long position then atleast book 80% profit at around 189. I was expecting fall upto 162 level, and today stock made low 160.50. Now 169-170 will be resistance for ITC. As per chart we can see more selling in this stock and in coming day 154-155 level we can expect. No fresh buying adviced at current level. Above view only for education purpose.

11 April 2020 : ITC moved to 186.25 from recent last month low of 134.60. More than 38% return just in one month. It is advised to book 70-80% profit at current zone. 50 DMA around 189. Market also volatile. Buy again when market come down.

23 July 2019 : ITC recovered today from day low 265 and closed at 270.65 after making high of 271.70. As per today's movement and last few days charts, it looks that stock may move to 280 level in coming days. 263-264 level will work as strong support now.