Stock of the day: BUY ITC Ltd For Target Rs.346 By Religare Broking
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ITC Ltd
* ITC has been drifting gradually lower for the last 2 months, after making a new record high at 361.45 levels in November 2022.
* Trading in a congestion zone of 325-336 while hovering within the moving averages ribbon.
* The chart structure combined with recent buoyancy in the FMCG pack is pointing towards possible breakout.
* We thus suggest creating fresh longs as per the given levels.
BUY ITC Ltd CMP (Rs):333.45 Range:330-332 SL:325 Target:346
Technical Chart : Daily
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