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Mehul Kothari of Anand Rathi recommends buying ITC, IOC

According to the technical analyst, ITC has given a confirm breakout above Rs 272, hence the stock can potentially rise to Rs 290.

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Mehul Kothari Mumbai
BUY: ITC
TARGET: Rs 290
STOP LOSS: Rs 262

ITC has been in limelight since many months for all the good reasons. Despite the uncertain market conditions, ITC remains one of the top performers from the heavyweight basket. In the recent session, the stock confirmed a fresh breakout above Rs 272 mark on a closing basis.

The price action was accompanied with humongous volumes and that indicates that the breakout is genuine. Thus, traders can accumulate the stock in the range of Rs 275 - Rs 270 with a stop loss of Rs 262 for an upside target of Rs 290 in

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First Published: May 20 2022 | 8:49 AM IST

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