MENU

Published on 14/11/2019 9:24:54 AM | Source: Religare Securities Ltd

Sell ITC Ltd For Target Rs.246 - Religare Securities

Posted in Broking Firm Views - Short Term Report| #ITC Ltd #Trading Report #Religare Securities Ltd #cigarettes

Religare Super Ideas

ITC Limited (ITC)

We’re seeing mixed trend in FMCG space and ITC has been trading under pressure for the past six months or so. Though it had witnessed marginal bounce of late but failed to sustain above the resistance level of 200 EMA on the daily chart and drifting lower. All indications are in favor of further fall ahead thus we advise initiating fresh shorts in the given range

Recommendation

.Sell ITC Ltd Futs @ 256-258 SL 261 Target 246 CMP 254.75

 

To Read Complete Report & Disclaimer Click Here

 

For Religare Securities Ltd Disclaimer http://old.religareonline.com/research/Disclaimer/Disclaimer_RSL.html   

 

Above views are of the author and not of the website kindly read disclaimer