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.

ITC Technical chart | 14-Nov-2011
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