ITC is at 100 week moving average - the event that ITC last witnessed in May 2009.
Here's the ITC Weekly Chart
The Big message from the Chart: The Strong Uptrend that ITC was in for last five years seems to be over. The best that ITC can do now is not fall. This will be the reason good enough for more under performance in the stock. ITC post today's fall is Avoid.
Disclaimer – The state of the market notes is Deepak’s perspective on the market. The column is purely for educational purpose. Nothing contained herein is a solicitation to trade or a recommendation of a specific trade. By reading this publication you agree to make no trade relying in whole or in part on the comments of the writers