01-01-1970 12:00 AM | Source: Axis Securities Ltd
Weekly Tech Picks : ITC Limited By Axis Securities
News By Tags | #5481 #788 #170 #3050

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Weekly Tech Picks : ITC Limited

Buy Range: 1840-1804 ; CMP: 1857 ; Stop loss: 1735

* On the weekly chart, the stock has managed to bounce from an important support of 205 indicating buying at lower levels.

* Sustained growth in volumes on the weekly chart, signals increased participation on breakout

* On the daily chart, the stock is trending higher forming a series of Higher Tops and Higher Bottom formation signalling sustained strength

* The weekly strength indicator RSI is in bullish mode and placed above 50 mark which supports rising strength.

* The above analysis indicate an upside of 234-244 levels

 

 

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