Search
+
    Invest with Confidence. Lead with Insights.
    • Drench in the knowledge with exclusive insights, ePaper & smart market tools with ETPrime.

    Stock Radar: Consumption stocks on radar! ITC eyeing breakout above 200-DMA; should you buy now?

    Synopsis

    ITC hit a high of Rs 499 on July 24, 2023, but failed to hold the momentum. 200-DMA on the daily charts is likely to act as a stiff resistance. A close above the same is expected to take the stock towards 465 levels in 3-4 weeks.

    ITC, a part of the diversified FMCG space, has not done much so far this year, but looks like it has formed a strong base above 400 levels.The stock did witness some momentum, which helped it reclaim its 200-day EMA in April. It still faces some resistance around 200-DMA placed around 440 levels.Short-term traders, willing to take the risk, can look at buying the stock now amid volatility in the markets, which could fuel buying interest in the
    • FONT SIZE
    • SAVE
    • PRINT
    • COMMENT
    ET

    Uh-oh! This is an exclusive story available for selected readers only.

    Worry not. You’re just a step away.

    Why ?

    • Exclusive Economic Times Stories, Editorials & Expert opinion across 20+ sectors

    • Stock analysis. Market Research. Industry Trends on 4000+ Stocks

    • Clean experience with
      Minimal Ads
    • Comment & Engage with ET Prime community
    • Exclusive invites to Virtual Events with Industry Leaders
    • A trusted team of Journalists & Analysts who can best filter signal from noise
    • ​Get 1 Year Complimentary Subscription of TOI+ worth Rs.799/-​

    The Economic Times