ITC - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.0
| Stock Code | ITC | Market Cap | 3,94,553 Cr. | Current Price | 315 ₹ | High / Low | 444 ₹ |
| Stock P/E | 19.5 | Book Value | 54.7 ₹ | Dividend Yield | 4.56 % | ROCE | 36.9 % |
| ROE | 27.9 % | Face Value | 1.00 ₹ | DMA 50 | 311 ₹ | DMA 200 | 358 ₹ |
| Chg in FII Hold | -1.28 % | Chg in DII Hold | 0.25 % | PAT Qtr | 5,297 Cr. | PAT Prev Qtr | 5,113 Cr. |
| RSI | 60.8 | MACD | 1.55 | Volume | 1,22,75,887 | Avg Vol 1Wk | 1,85,37,372 |
| Low price | 287 ₹ | High price | 444 ₹ | PEG Ratio | 2.12 | Debt to equity | 0.00 |
| 52w Index | 17.8 % | Qtr Profit Var | 5.59 % | EPS | 27.8 ₹ | Industry PE | 43.2 |
📈 ITC is trading above its 50 DMA (₹311) but below the 200 DMA (₹358), showing short-term strength but medium-term resistance. RSI at 60.8 indicates healthy momentum, while MACD at 1.55 confirms bullish crossover. Bollinger Bands suggest price moving toward the upper band, reflecting buying interest. Current volume (1.22 Cr.) is below average (1.85 Cr.), showing reduced participation despite price strength.
🔑 Short-term momentum signals: Bullish bias, with potential continuation if price sustains above ₹315–₹320.
🎯 Entry Zone: ₹310–₹315 (support region)
🚪 Exit Zone: ₹340–₹350 (resistance region)
📊 Trend Status: Consolidating with bullish tilt
Positive
- Strong ROCE (36.9%) and ROE (27.9%) highlight operational efficiency
- Debt-free balance sheet
- Dividend yield of 4.56% provides steady income
- Quarterly PAT growth (+5.59%) shows earnings momentum
- EPS at ₹27.8 supports valuation strength
Limitation
- Price trading below 200 DMA (₹358), showing medium-term weakness
- PEG ratio at 2.12 indicates stretched growth valuation
- FII holdings decreased (-1.28%), showing reduced foreign investor confidence
- Volume below average, reflecting weaker participation
Company Negative News
- Decline in foreign institutional holdings (-1.28%)
- Valuation premium compared to industry peers
Company Positive News
- Quarterly PAT improved from ₹5,113 Cr. to ₹5,297 Cr.
- DII holdings increased (+0.25%), showing domestic support
- Strong dividend yield and debt-free structure
Industry
- Industry PE at 43.2 highlights sector trading at higher multiples
- FMCG sector benefiting from stable demand and pricing power
Conclusion
⚖️ ITC shows strong fundamentals with high ROE, ROCE, and dividend yield, supported by bullish technical signals. Entry near ₹310–₹315 offers favorable risk-reward, with profit booking around ₹340–₹350. Trend remains consolidative with bullish tilt, requiring sustained breakout above 200 DMA (₹358) for stronger upside momentum.
Would you like me to extend this into a peer benchmarking overlay (comparing ITC against HUL, Nestle, and Britannia) to highlight relative strength and valuation positioning within FMCG?