Nifty 50-ITC stock target for 2014

itc stock daily chart

ITC stock daily chart analysis

ITC Limited stock on last trading session closed with gain at 324. On daily chart, ITC Limited stock trend and momentum both are bullish. Stock is trading near its 3-month average support of 323. For short-term view, on upside 340 and then 356 will be target levels. While below 323, expect downtrend and supports at 308 and 291. 308-314 is best buy zone for short-term traders, with stop loss below 300 for target 340-356.

ITC stock short term support and resistance levels

Support 2

Support 1

Pivot Points

Resistance 1

Resistance 2

291

308

324

340

356

itc stock weekly chart

ITC stock weekly chart analysis

ITC Limited stock on weekly chart showing gains in this week. On chart trend is down but underlying momentum is bullish. On upside 328 is strong resistance and below it stock may remain weak. Major indicators are bottomed out and suggest rally ahead. Any weekly closing above 328 will be buying opportunity and for medium term targets of 390 to 400. Which are achievable in next 6-8 months period. 260-270 is best buy zone for medium to long-term investors.

ITC stock medium term support and resistance levels

Support 2

Support 1

Pivot Points

Resistance 1

Resistance 2

200

265

330

393

460

itc stock performance chart

ITC monthly daily chart analysis

ITC Limited stock on monthly chart showing gains in month of January 2014. This will be second gaining month and suggesting recovery move on monthly chart. In long-term view, ITC Limited stock is best investment. 260-300 is buy and accumulation zone. On upside expect 470-500 rupee levels in next 24-36 months period.

ITC stock long term support and resistance levels

Support 2

Support 1

Pivot Points

Resistance 1

Resistance 2

70

200

340

465

600

ITC company profile

ITC Limited is an India-based company engaged in FMCG, Hotels, Paperboards & Specialty Papers, Packaging, Agri-Business, and Information Technology. It operating segments include Fast Moving Consumer Goods (FMCG), Hotels, Agri Business and Paperboards, Paper and Packaging. The FMCG segment includes Cigarettes, which consists of cigarettes, cigars and smoking mixtures, and Others, which include branded packaged foods (staples, biscuits, confectionery and snack foods), garments, educational and other stationery products, matches, agarbattis and personal care products. The hotel segment includes hoteliering. The paperboards, paper and packaging segment includes paperboards, paper, including specialty paper, and packaging including flexible. The Agri business segment includes agri commodities, such as soya, coffee and leaf tobacco. Its Agri Business markets agri commodities in the export and domestic markets. Other includes information technology services, filter rods etc.

ITC Stock fundamentals

Range322.10 – 325.70
52 week281.15 – 380.00
Open324.90
Vol.6.25M
Mkt cap2.58T
P/E    –
Div/yield5.25/1.62
EPS
Shares7.94B
Beta
Inst. own

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Updated: 31/01/2014 — 3:54 PM

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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