ITC has consecutively faced 2 rejections and now it has taken a support at the fibo level. ITC Dividend news has given it a boost up and the last candle has ended with a hammer. Expecting a bull run from ITC - My alltime trustworthy favourite stock.. Note: I have the right to be wrong.
This is a perfect stock that respects fibonacci retracement levels. 90 is a very strong resistance and all the fibo levels are respected greatly and hence I feel that its good to stay away until breakout happens.
10425 acts as a stiff resistance and on breaking that level nifty touches new heights. Since Market is in uptrend I feel that the resistance might be broken easily. Lets see what happens as uncertainty is the only certainty in Market.