ITC Share Price: Experts give 'share to buy' tag; predicts up to 25% profit in three months

ITC Share Price Target: In the last one week, ITC share price history suggests that it has been oscillating between Rs 204 to Rs 210 levels, indicating some signs of consolidation above Rs 200 support. According to stock market experts, if the ITC share opens above Rs 200 on Monday and sustains above this level for few hours, then it would be good 'share to buy' for mid-term time horizon. They said that ITC share price target for the given time horizon is from Rs 230 to Rs 250.

Speaking on ITC share price target for 2021 Sumeet Bagadia, Executive Director at Choice Broking said, "ITC share price has been consolidating in between Rs 200 to Rs 210. If the trend continues, then it will soon show upside swing facing resistance at Rs 220 od levels. However, if it manages to break this resistance on the bullishness in the FMCG counters, then the ITC share price may go up to Rs 230 to Rs 250." 

Bagadia advised stock market investors to buy ITC shares around Rs 200 maintaining stop loss at Rs 190.

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On precautions that an ITC shareholder needs to maintain; Rohit Singre, Senior Technical Research Analyst at LKP Securities said, "ITC share price is bullish till it is above Rs 200. If ITC shares get an opening above Rs 200 and sustains above this levels for next one to two hours, then one can buy ITC shares for the immediate target of Rs 220. However, if it goes below Rs 200 zone then for those who hold ITC shares should book profit as it may further go down once it breaks Rs 200 to Rs 190 levels."