ITC share price target 2013


ITC share price daily chart technical analysis

ITC share price on last trading session closed at 316.on daily chart ITC share price trend is down but momentum is on recovery side.recently in market crisis ITC share after making low near 290 recovering and heading towards 3 month average resistance level of 325.above this trend will change on bull side and traders can expect upside targets here.

on downside 315-312 is ITC share week and month average support zone and stoploss for all long positions must be below it.on upside expect 340-380 in month of sep 2013.


ITC share price weekly chart technical analysis

ITC share on weekly chart showing deep correction in uptrend and this time tested almost 2 years average of 270 on downside.while 305 is now ITC share 12 month average support and 331 is 6 month average and resistance on upside.

on indicators showing cool off after touching overbought here this reversal rally may convert into bull run and with stoploss below 305 investors can hope for levels of 380-400 in next 6-10 weeks time period.

ITC share on weekly chart shows bullish breakout in 2003 and from then still trending higher with intermittent this bull run roused from almost 1 rupee to now 316(split/bonus and dividend adjusted)


ITC share price monthly chart technical analysis


ITC share on monthly chart clearly show how bull run is still continues.on chart 245 is 3 years average levels while 195 is 5 years average level and any strong correction in between these levels will be fresh investment opportunity here.

on historical chart with 5 years channel shows ITC share price target at 395 if hold above 330 on monthly closing basis.while my personal target for this share is 450-490 till end of this year while 260 is strict stoploss for investment on downside!!


The Author

Pramod Baviskar

Professional Market Trader And Owner Of Dalal Street Winners Advisory And Coaching Services. Working Since 2007 And Online Presence Since 2010. We Provide Highly Accurate And Professional 1 Entry And 1 Exit Future, Option, Commodity, Currency And Intraday Stock Tips On Whatsapp With Live Support And Follow Up.
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