ITC ITC Ltd – Trade Idea
Recommendation : BUY
Entry Level : Above ₹425+
Stop Loss : Below support zone of **₹480**
Target Levels : ₹460 / ₹500 / ₹530 / ₹570
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**Technical Rationale**
* ITC is forming a **Flag & Pole pattern**, a bullish continuation setup indicating potential for further upside once the consolidation ends.
* Sustaining above ₹425 will likely confirm the breakout, opening room for higher targets.
* Support is well-placed near ₹480; holding this level keeps the bullish momentum intact.
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**Fundamental Snapshot**
* **P/E Ratio**: \~14.92 – attractive compared to FMCG peers, suggesting reasonable valuation.
* Diversified business model across Cigarettes, FMCG, Hotels, Paper & Agri.
* Strong balance sheet with robust cash flows and healthy dividend payout.
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**Outlook**
The confluence of **bullish technical structure (flag & pole)** and **comfortable valuations** makes ITC a favorable candidate for **swing to positional trades**.
Risk is well-defined with support near ₹480, while upside potential remains strong toward ₹570 levels.
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Thanks & Happy Trading
Disclaimer:
This idea is only for educational purposes,
Please Trade at your own RISK''
交易开始
Perfect setup: 注释
Please place your stop loss below 380 as mentioned in the chart."
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