Weekly Tech Picks : ITC Limited By Axis Securities
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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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