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NISM Certified Research Analyst & Mutual Fund Distributor.

Monday 8 July 2013

ITC 8713

THE COUNTER WITNESSED GAP UP OPENING JUST COUPLE OF SESSIONS AGO AND FORMED A DOJI CANDLESTICK PATTERN. TODAY THE COUNTER FILLED THAT GAP AROUND 338.8 AREA AND MANAGED TO GIVE CLOSE ABOVE THE HIGH OF DOJI i.e. ABOVE 345 LEVEL. WITH OTHER INDICATORS TOO LOOKING QUITE BULLISH WE EXPECT THAT THE COUNTER MAY CONTINUE ITS NORTHWARD JOURNEY IN SESSIONS AHEAD. RECOMMEND BUY AT 346.7 SL 333 TGT 365-368 IN A MEDIUM SHORT TERM.


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