ITC - Short term/Long term
If ITC falls below 155 it could go to 150 and then a lot below. <-- Short term view.
Long term view...
Personally i am waiting for a sharp fall and an announcement of increase in taxes on cigarettes which could lead to a major fall.
Thats when i would look to buy the stock because ITC will pass on all tax hikes.
Its a debt free company which generates huge free cash flows which will make it a powerhouse going ahead. Plus its also a good dividend paying company.
So will look to buy it at lower levels.
Conclusion
Short Term - Bearish below 155.
Long Term - Bullish on the business and company.
Long term view...
Personally i am waiting for a sharp fall and an announcement of increase in taxes on cigarettes which could lead to a major fall.
Thats when i would look to buy the stock because ITC will pass on all tax hikes.
Its a debt free company which generates huge free cash flows which will make it a powerhouse going ahead. Plus its also a good dividend paying company.
So will look to buy it at lower levels.
Conclusion
Short Term - Bearish below 155.
Long Term - Bullish on the business and company.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.