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Arpit Goel

11th Apr 2025 · SEBI-Registered Analyst

ITC
ITC Breaks Out Above Key Resistance, Signals Bullish Reversal Toward ₹450

ITC
is showing signs of a short-term trend reversal after forming a strong base near ₹399 and breaking out above the key ₹415 resistance with high volume (5.28M), indicating institutional buying. The price action reflects a classic double-bottom breakout, supported by rising volume on green candles and weakening selling pressure. With improving momentum and higher lows forming, the stock appears to be transitioning from consolidation to an uptrend. A sustained move above ₹425 could lead to a gap-fill rally toward ₹435–₹450, while any dip to ₹415–₹417 may offer a low-risk entry. Overall, technicals suggest bullish continuation with strengthening sentiment.

#TechnicalViews
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