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Mehul Kothari recommends buying ITC

According to the technical analyst from Anand Rathi, ITC can rally to Rs 285.

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technicals

Mehul Kothari Mumbai
ITC
BUY near Rs 265
Target: Rs 285
Stop Loss: Rs 255

After a strong outperformance and a recent breakout above Rs 265 mark, ITC has been consolidating in a small range. The stock has found support at the placement of the 50-DEMA.

The stock seems to be a safe bet amid the ongoing uncertain times in the markets. Thus, traders can buy the stock near Rs 265 with a stop loss of Rs 255 for an upside target of Rs 285 in coming 2 – 3 weeks.

(Mehul Kothari - AVP – Technical Research, Anand Rathi Shares & Stock Brokers. Views are

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First Published: Jun 24 2022 | 7:47 AM IST

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