Stock of the day : Buy ITC Ltd For Target Rs.360 - Religare Broking
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ITC
* FMCG sector has been seeing mixed trend wherein ITC is trading on strong footing.
* After forming a strong base around 325 levels, it’s all set to resume the uptrend.
* The existence of support of major moving average i.e. 100 EMA around 325 is added positive. Expect fresh momentum above 342 levels.
* We thus suggest initiating fresh longs as per the given levels.
Technical Chart : Daily
Buy ITC Ltd CMP: 338.90 Range: 335-337 SL: 325 Target: 360
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