NSE:ITC Entry 183 Target 260 SL 154.8 Stock is trading at CMP 183, It has formed a strong support at near 180. Below that there is also demand zone so looks very safe location to invest. This is an long term buy and hold till FY 20-21 results, minimum 7-8 months. Analysis is done on weekly candles only for cash long term holdings. Stock has suppy zone at 208-210 which looks easy to break , then at 234 -245 is also supply zone. So we have given time to break the hurdle. company is in FMG segment which is least effected segment and will come out of all current financial crisis.
Disclaimer: author may enter in trade, take your own decision , This is an trading idea not an trading or Investment advice.
Hello Praveen Ji, I have 100 ITC shares which were bought at 240(I know I bought them on higher side). Any guess in what time period it can reach the same value.
KausthubRao
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@abhimanyurai29, its hard to say that, but it will touch 500 in next 3-5 years. I am talking with price analysis, and fundamentally, no technical view. I trust this stock! You can add more shares if you want, now. It is expected to touch 176, or around 160, can wait until that point to add more. Only ITC FMCG is valued at 130 right now, which only is 10% of ITC total revenue, I wouldn't believe 90% of revenue is only worth 50. Think practically and fundamentally. If you want detailed analysis, I am going to start a page soon, can follow that. but first start fallowing my trading view page so you can get update on my new page.
praveen.gupta
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@KausthubRao, Thanks i will watch all of your postings and page.
abhimanyurai29
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@KausthubRao, Thank you very much for sharing. I am not in hurry to sell it. Got dividend of almost 1000 rs on ITC. Will try to buy more if it goes down.
praveen.gupta
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@abhimanyurai29, Hi , if possible buy 200 share in small lots of 50/ , so average will be Approximate Rs 200/- and hold.
abhimanyurai29
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@Praveen.gupta, Thanks Praveen ji. Sure will try to but more if it goes down.
apmd
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@abhimanyurai29, it's 179 now. As Praveen Ji said, good time to avg things out.
apmd
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@abhimanyurai29, patience reqd. dont look at it for some time. The organisation is good and all Cos face some issues or the other.
nitinramashetty
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Please advice on GIC Housing
praveen.gupta
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@nitinramashetty, Hi GICHousing is overall in uptrend , 92 looks good support zone if it falls then can buy at that level , 120+ looks supply zone , selling pressure will come at that price , it will take some time to cross that resistance.
Disclaimer i do not see this stock on regular basis , fundamentals not known to me.