We are referring to ITC stock which is a defensive sector stock that does not move very violently but moves at a slow and steady pace.
As of now, ITC is in a falling trend channel in the medium to long term. However, we now find it finding it taking support at 236 levels and if it sustains above that level, we may see the stock moving to 250,266 levels in the near future.
However, if the stock breaks 233 means that stock is on its continuous downward spiral as 236 level happens to be long term support for the stock. Wanna be ahead of the pack of traders than you can just ignore today share market tips at your peril.
As of now, ITC is in a falling trend channel in the medium to long term. However, we now find it finding it taking support at 236 levels and if it sustains above that level, we may see the stock moving to 250,266 levels in the near future.
However, if the stock breaks 233 means that stock is on its continuous downward spiral as 236 level happens to be long term support for the stock. Wanna be ahead of the pack of traders than you can just ignore today share market tips at your peril.
