ITC Technical chart | 14-Nov-2011
Here 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 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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