B Krishnakumar of fundsindia.com told CNBC-TV18, "ITC broke a prior swing low which was an early sign of weakness and this recovery has met with resistance at Rs 356 level, which is a very key resistance area and from there it has pulled back sharply."
"We expect another 10 percent kind of downside in ITC. So roughly around Rs 315 or thereabouts, is the immediate target that we are looking for in ITC," he said.
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