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    HomeNewsBusinessMarketsBuy ITC, target Rs 304: Nandish Shah

    Buy ITC, target Rs 304: Nandish Shah

    We recommend buying ITC for an initial target of Rs 304 and a stop loss below Rs 276, says Nandish Shah of HDFC Securities.

    Moneycontrol Contributor
    November 27, 2018 / 11:57 IST
       
       
      26 Aug, 2025 12:21
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      Nandish Shah

      ITC has given a breakout on the daily chart by closing above the strong resistance level of Rs 285 with higher volumes. The stock price is also on the verge of giving a breakout above the downward slopping trend line on the daily chart.

      The momentum indicators and Oscillators like RSI and MACD are also showing strength in the stock from a short to medium-term perspective.

      FMCG as a sector doing well and looking good on the charts. Therefore, we recommend buying ITC for an initial target of Rs 304 and a stop loss below Rs 276.

      Disclaimer: The author is a Technical & Derivatives Analyst at HDFC Securities. The views and investment tips expressed by investment expert on moneycontrol.com are his own and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
      Moneycontrol Contributor
      Moneycontrol Contributor
      first published: Nov 27, 2018 11:57 am

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