ITC Limited

ITC Approaches Key Support Within Mild Uptrend

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Topic Statement:
ITC is trading in a range with a slight bullish tilt, presenting structured opportunities within a defined channel.

Key Points:
* The stock is moving within a slightly bullish up-trending channel, making it suitable for channel-based trading
* A head and shoulders candlestick pattern is emerging, which may signal potential short-term weakness
* The price is nearing the 180-day EMA, making levels near or below it attractive for long-term buying opportunities

Aviso legal

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