ITC Share Price: Experts predict 25% return, say it is a 'stock to buy today'

ITC Share Price Today: Indian multinational conglomerate company ITC share price history for the last one week suggests that ITC stock is range-bound between Rs 205 to Rs 210. However, if we go by the stock market experts' view, ITC share price has made a breakout by sustaining above Rs 200 mark. They said that the stock is poised for a sharp upside move and ITC share price target for medium-term time horizon for next two to three months is up to Rs 250.

Asked about ITC share price target for 2021, Sumeet Bagadia, Executive Director, Choice Broking said, "ITC share price has made a strong breakout by sustaining above Rs 200 levels. It has strong resistance at Rs 220 but once it breaks this resistance, the FMCG counter will soon hit Rs 230 to Rs 250 levels. One can buy ITC shares at around Rs 200 for the target of Rs 230 to Rs 250 in the medium-term time horizon maintaining the stop loss at Rs 190."

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Giving details of the technical chart in regard to ITC share price; Rohit Singre, Senior Technical Research Analyst at LKP Securities said, "ITC share price has positive bias till it is above Rs 200. since, it has managed to sustain above Rs 200 for more than four trade sessions, this is one of the shares to buy for an immediate target of Rs 220."

However, Singre made it clear that ITC shares will become weak if it breaks Rs 200 levels and advised traders to square off their position if the counter goes below Rs 200 to Rs 190 levels.