Thursday, May 22, 2014

CAN ITC Ltd BOUNCE BACK from THESE SUPPORT LEVELS..[ Technical Insight ]

Dear Investors,

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ITC is at CRUCIAL SUPPORT LEVELS in DAILY CHARTS around 340-345 let see thee the TECHNICAL INDICATORS..

1. The RSI has taken support at 40 levels which mean chances of Bounce back is there and 40-42 levels also is a reasonable levels to BUY
2. The Stochastic is at 20 levels which is in a CLEAR BUY MODE - hence chance of bouncing back looks in favor
3.The MACD is in BUY RANGE but not so FAVORABLE - but can give a positive divergence in few days.
4.CASH levels BUY / ACCUMULATE - at 341-346 range with SL 334 TGT 355-360
5.Options players can BUY JUNE 350/360 CALL at 7-8 & 4-5 levels respectively

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