Buy ITC, target Rs 305: Yes Securities
Buy ITC at a price target of Rs 305 and a stop loss at Rs 290.
The current market price of ITC is Rs 298.10.
Time period given by the brokerage is two weeks when ITC price can reach the defined target.
Yes Securities recommended keeping a stop loss at Rs 290.
"The stock has broken out from a bullish Flag pattern triggering resumption of the uptrend. Further, RSI has also turned upwards after taking support at the 60-level, confirming bull strength dominant in the stock," said the brokerage.
ITC, incorporated in the year 1910, is a largecap company, having a market cap of Rs 3,66,881.94 crore.