ITC LTD

ITC breakout trade

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ITC Ltd., as the stock remains in an upward trend and is trading above its 21-day EMA at ₹505.78. Currently priced at ₹513.20, the stock has dipped slightly by 1.21%, but continues to move within a rising channel pattern. The RSI at 59.14 indicates neutral momentum, suggesting there is room for further gains before the stock becomes overbought. Key resistance lies around ₹520, and a breakout could push the price toward ₹540 or higher. To manage risk, I recommend setting a stop-loss at ₹500, just below the 21-day EMA,

Penafian

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