2024-11-19 11:06:30 am | Source: Religare Broking Ltd
Stock of the day : ITC Limited For Target Rs. 485 - Religare Broking
ITC Limited
* ITC recently witnessed selling pressure from record highs.
* Day price action decodes decent reversal from 200 EMA, which is its long-term moving average.
* According to past data feeds and repeated instances, stock has given bounce over its 200 EMA.
* Stock recommendation: We maintain momentum buy and reversal bounce from the said levels.
* Traders are recommended to play the reversal bounce to test its immediate resistance at 100 EMA, i.e., 485 levels
Buy ITC Limited CMP 468 Range 466-469 SL 458 Target 485
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