Stock of the day : ITC Limited For Target Rs.472 - Religare Broking Ltd
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Stock of the day
ITC
* ITC has been in a steady uptrend from past more than one and half year, forming series of higher highs and lows.
* It has formed a fresh buying pivot holding above its 20 EMA on the weekly chart.
* The price action with supportive momentum indicators suggests resumption in prior uptrend.
* We thus recommend initiating fresh longs in the mentioned range
Buy ITC Limited 447.50; Range 445-448; Target 472
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