The shares of the country’s leading FMCG company ITC (ITC share price) are recovering from the lower levels after a big fall. Experts believe that ITC shares can show a good rise in the coming days, as the technical chart is indicating this. 2 big experts associated with the market have expressed this possibility.
ITC Share Price Recovers After Recent Fall
In fact, after British American Tobacco sold its stake in ITC last month, there was a big fall in the price of the company’s shares, and the shares touched a low of Rs 413, but now they are trading at the level of Rs 426.
Expert Views: Is It the Right Time to Buy ITC Stock?
MK Global Recommends Add Rating with ₹475 Target – Brokerage firm MK Global has maintained a positive stance on ITC Limited and has given a target price of Rs 475 with ‘Add Rating’ on its shares.
In such a situation, ITC’s stock can show a rise of up to 12% from the current levels. ITC shares are showing strength on the technical chart.
Anand Rathi Recommends Buy at ₹423–426, Target ₹450 – Jigar S Patel, Senior Manager, Equity Research, Anand Rathi Shares, said, “Today, ITC shares have broken the two-week-long consolidation, and are showing signs of bullishness.” Jigar Patel has advised to buy ITC shares in the range of 423-426, and has given a target price of Rs 450 with a stoploss of Rs 410.
Motilal Oswal Eyes Breakout Above ₹430 for ₹444 Target – Ruchit Jain, Vice President, Equity Technical Research, Motilal Oswal Financial Services, said, “ITC shares have given a positive crossover on the daily chart. Currently, the level of 430 is an important resistance for the shares, if it is crossed then the level of Rs 444 can be seen in this stock.
Key Technical Levels to Watch for ITC Share
- Buy Range: ₹423–426
- Target Price: ₹450–₹475
- Stoploss: ₹410
- Resistance Level: ₹430
1. What is the expert target for ITC share price?
Experts like MK Global and Anand Rathi have set targets between ₹450 and ₹475, indicating a potential upside of up to 12%.
2. Is now a good time to buy ITC shares?
Yes, analysts recommend buying ITC in the ₹423–426 range, citing bullish signals on the technical charts.
3. What are the key resistance and support levels for ITC?
Current resistance is at ₹430. Support level is near ₹410, which also serves as the advised stoploss.
