Here is a technical chart of ITC with Ichimoku Kinko Hyo indicator.

 



 

 

 

 

 

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ITC has given a breakout on 12-Oct-2011 at Rs.204, when it CLOSES above kumo. From there it started its upward journey. It touched the high of Rs.216.20 on 28-Oct-2011. But if you see chart carefully, the kijun-sen line is flat inspite of price rise in stock. That means, kijun-sen line CAN attract the price. So, short term target for ITC comes out to be at Rs.202.40. It's suggested to book profits now and wait for another opportunity.

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Admin November 14, 2011

https://www.investmentkit.com/articles/wp-content/uploads/2011/11/ITC-logo.jpghttps://www.investmentkit.com/articles/wp-content/uploads/2011/11/ITC-logo-150x150.jpgAdminStock Marketbook profits,inspite,ITC,Kumo,stock,term target,upward journeyHere is a technical chart of ITC with Ichimoku Kinko Hyo indicator.                                                   ITC has given a breakout on 12-Oct-2011 at Rs.204, when it CLOSES above kumo. From there it started its upward journey. It touched the high of Rs.216.20 on 28-Oct-2011. But if you see chart carefully, the kijun-sen line...Educating Investors

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