ITC share price climbs to 5-year high - Check price target by Zee Business panellist
ITC Share Price NSE Target: Mudit said that ITC on chart has given a fresh breakout. It has made a Flag pattern with huge volume. He said that when a stock shows a healthy consolidation after a big rally.
ITC Share Price NSE Target: ITC share price on Wednesday, September 14, maintained its uptrend to hit a fresh 52-week high and also climbed to 5-year high of Rs 337.65 on the NSE on account of huge volume. ITC share price since February is making fresh highs. Market expert and Zee Business panellist Mudit said that ITC is making yearly highs on daily basis and predicted that uptrend will continue.
The share of Kolkata-based company started its upward journey in February this year and since then it has gained more than 40 per cent.
Mudit said that ITC on chart has given a fresh breakout. It has made a Flag pattern with huge volume. He said that when a stock shows a healthy consolidation after a big rally, it is an indication that the counter is ready for another big move.
When Nifty was down 200 points on the morning, ITC share price was above the previous day's high with huge volumes, he noted.
BUY ITC - Rs 335
ITC Share Price Target - Rs 340 - Rs 344
ITC Stop Loss - Rs 330
Mudit said that if the view is for two months, ITC could yield more than 10 per cent return.
ITC Share Price Target for 2 months Rs 370/380
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