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[Premium] Trade Of The Week

July 4, 2022

Nifty FMCG is finally back in action. A close above the eight-month base adds positively to this sector. Today we're here to share a long idea from the same sector.

ITC has shown strength amid the broader market weakness while staying in strong momentum territory. The price has a confirmed closing above its multi-year breakout level.
We're bullish above the risk management level of 278, with a target of 315 and 367.

Click on the chart to zoom in.

Thanks for reading and please let us know if you have any questions.

And if you're a Premium Member, be sure to check out our other weekly post, "Three Charts For The Week Ahead."

Allstarcharts Team