ITC Limited – The Nifty Heavy Weight on a Breakout

ITC Limited

 

ITC Limited Technical View

 

Disclosure – Recommended to QuickGains Premium Plus and Newsletter Clients on Friday at 360.

 

-> A big triangle formation seen for last few months with multiple tops at 360.

-> Good amount of supports at 340-350.

-> The stock gave a breakout above 360 and the first resistance comes at 380.

-> A move above 380 can create much more momentum.

 

ITC is the highest weight in Nifty with a 1% move impacting 6 points on Nifty almost.

 

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