On current market scenario where market seems too much expansive one should look safe investment and when we think about good fundamental script ITC is name where we can play long- mid term bet . Stock seems technically good at CMP 214 . One can expect 24 % in mid time frame .
* Double bottom out indication is clear .
* Trading above 50 , 100 & 200 day moving average.
* Stock has given a breakout to a Cup pattern on day chart .
Fundamental0-
* Company is almost debt free.
* Stock is providing a good dividend yield of 4.74%.
* Company has been maintaining a healthy dividend payout of 64.42%
* Double bottom out indication is clear .
* Trading above 50 , 100 & 200 day moving average.
* Stock has given a breakout to a Cup pattern on day chart .
Fundamental0-
* Company is almost debt free.
* Stock is providing a good dividend yield of 4.74%.
* Company has been maintaining a healthy dividend payout of 64.42%
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