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ITC trade ideas

ITC - CMP 198.2 BullishITC- CMP198.2, Can be taken with SL of 189.2 for a target of 202, 209, 220, 235. It was on continuous rise from 160-170 level and made a flag break out last month and breakout continues with intermittent healthy corrections. Presently going in a raising channel. RSI is also making an attempt to breakout. MACD even though is in positive territory till last trading session it was diverging. Last session MACD was held at same position and divergence halted. It shall go up in future along with other FMCG stocks. This is for educational purpose only.
NSE:ITCLong
by avlnrao63
ITC let's C. ITC the Turtle of the market. No matter how strong it's shell is, Big bulls are still not ready to enter. But why not? Here is math, Core segment of Indian Tobacco Company i.e. Cigarettes now no more core as it always been easy hunt for government tax department. Now Cash cow and evergreen emerging sector FMCG is showing good YoY growth but products are not of necessities category and more scattered. Recently it pumped in Chocolate portfolio with 10k crore and 50 products. So it seems it targeting more young customers and not ready to race with HUL or other FMCGs. Agri. Business is in boost and in way to replace with tobacco sector.but stone in path is stationery and hotel sector. Unless pandemic is over it will remain as special child with regular feed. Which is also having leat ROCE with highest employed capital. So Institutes will incash only after clear signals of normalisation of economy.but for us it's at good level if crosses resistance shown under below chart. Why not buy at consolidation phase and catch value instead waiting for news that ' India's Big bull ready to ride ITC.'
NSE:ITCLong
by hrutwik_001
1
ITC let's C.Core segment of Indian Tobacco Company i.e. Cigarettes now no more core as it always been easy hunt for government tax department. Now Cash cow and evergreen emerging sector FMCG is showing good YoY growth but products are not of necessities category and more scattered. Recently it pumped in Chocolate portfolio with 10k crore and 50 products. So it seems it targeting more young customers and not ready to race with HUL or other FMCGs. Agri. Business is in boost and in way to replace with tobacco sector.but stone in path is stationery and hotel sector. Unless pandemic is over it will remain as special child with regular feed. Which is also having leat ROCE with highest employed capital. So Institutes will incash only after clear signals of normalisation of economy.but for us it's at good level if crosses resistance shown under below chart. Why not buy at consolidation phase and catch value instead waiting for news that ' India's Big bull ready to ride ITC.'
NSE:ITCLong
by hrutwik_001