Stock of the day: Buy ITC Ltd For Target Rs. 406 - Religare Broking
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ITC Ltd
* FMCG pack is among the top performing sector at present and ITC is trading in sync with the trend.
* Retraced marginally from its record high during the corrective phase and formed a strong base around 372 levels.
* Formed a decisive candle and crossed the short term moving average i.e. 20 EMA as well.
* We thus reiterate our view to create fresh longs in the mentioned range
Buy ITC Ltd CMP 386.40; Range 386-388; SL 377; Target 406
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