Buy ITC above Rs 291 with target Rs 330

ITC has been in a long consolidation for several weeks; however, this week, the stock opened higher with a gap and broke the upper band of the trend line.

Due to overall consolidation, the weekly chart resembles a formation of Ascending Triangle pattern. The weekly RSI (14) entered well inside the 60 levels.

Hence, we recommend traders to buy this stock above Rs 291 with a price target of Rs 330 and stop loss placed below Rs 274.

MORE WILL UPDATE SOON!!

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Income Tax Deductions List FY 2018-19 | List of important Income Tax Exemptions for AY 2019-20

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