📌 Introduction
When it comes to investing in fundamentally strong stocks, ITC Ltd. remains a long-term favorite among Indian investors. But how do you determine the right time to buy this stock? In this article, we’ll guide you through the Fundamental and Technical Analysis of ITC Ltd. and uncover the best buy levels using Pivot Points and Camarilla Pivots. Whether you’re a beginner or a seasoned trader, this guide will help you make informed trading decisions—especially useful if you’re trading with a platform like AngelOne, a leading name in discount broking.
📊 Fundamental Analysis of ITC Ltd.
🔹 Company Overview:
ITC Ltd. is a diversified Indian conglomerate with major interests in FMCG, Hotels, Paperboards & Packaging, Agri Business, and IT. It has consistently maintained a strong presence in the Indian market with a highly recognizable product portfolio that includes Aashirvaad, Sunfeast, Bingo, and Classmate.
🔹 Financial Highlights (FY 2023-24):
- Revenue: ₹73,000+ Cr (approx.)
- Net Profit: ₹18,000+ Cr (approx.)
- Market Cap: ₹5,50,000 Cr+
- Debt-Free Company: Strong balance sheet with zero long-term debt
- Dividend Yield: ~3-5%, making it attractive for long-term income investors
🔹 Key Fundamental Ratios:
- P/E Ratio: ~25 (Fairly valued compared to sector peers)
- ROE: ~25% (Strong return on equity)
- EPS (TTM): ₹15.3
- Promoter Holding: 0% (as it is a widely held company)
- FII/DII Holding: Strong institutional confidence
📌 Summary:
ITC is a fundamentally sound and stable company. Its consistent cash flows, attractive dividend payout, and diversified portfolio make it a low-risk long-term investment.
📉 Technical Analysis of ITC Ltd.
Technical analysis helps traders find entry and exit points based on price action, trend, and volume patterns. Here’s a breakdown of ITC Ltd’s recent technical setup.
🔹 Trend Analysis:
- Daily Trend: Sideways to Mildly Bullish
- 50-Day EMA: ₹410
- 200-Day EMA: ₹395
- Current Market Price (as of April 2025): ₹415–₹420
ITC is currently trading above its 50 and 200-day EMAs, suggesting a medium-term bullish trend. A consolidation zone has been identified between ₹410–₹420, which is crucial for short-term direction.
🔹 RSI (Relative Strength Index):
- RSI: 55–60 (Neutral to mildly bullish) This suggests the stock is not overbought, leaving room for upward movement.
🔹 Volume Analysis:
Volumes have been steadily increasing, especially on green candles, indicating strong accumulation by institutions.
📌 Pivot Points Analysis: Best Buy Levels
Using Pivot Points, we can identify potential support and resistance levels.
Let’s assume the following data for calculation:
- Previous Day High: ₹422
- Previous Day Low: ₹410
- Previous Close: ₹415
Classic Pivot Point (P):(High + Low + Close) / 3 = (422 + 410 + 415) / 3 = ₹415.66
Support and Resistance Levels:
- R1: (2 × P) – Low = ₹421.32
- R2: P + (High – Low) = ₹427.66
- S1: (2 × P) – High = ₹409.32
- S2: P – (High – Low) = ₹403.32
📌 Buying Zone According to Pivot Points:
₹409–₹411 is a strong support zone, which can be considered a buy on dip level.
🧮 Camarilla Pivot Points: Accurate Intraday Levels
Camarilla Pivot Points offer more precise intraday trading levels, especially suitable for AngelOne Smart API traders and algo traders.
Based on the same values (High: ₹422, Low: ₹410, Close: ₹415):
Key Levels:
- H4 (Breakout Buy): ₹420.90
- H3 (Intraday Sell Zone): ₹418.66
- L3 (Intraday Buy Zone): ₹412.66
- L4 (Breakdown Sell): ₹410.42
📌 Camarilla Buy Zone:
Buy between ₹412.66 – ₹410.42 with a stop loss below ₹410 for a short-term bounce.
Breakout Buy Above: ₹420.90 with target ₹425+
✅ Ideal Buying Strategy
| Strategy | Buy Range | Target | Stop Loss |
|---|---|---|---|
| Swing Trade (Pivot Point) | ₹409–₹411 | ₹427 | ₹403 |
| Intraday (Camarilla) | ₹412.66–₹410.42 | ₹418.66+ | ₹409.90 |
| Breakout Trade | Above ₹421 | ₹427+ | ₹417 |
Use AngelOne’s charting tools or TradingView integration for real-time tracking.
📢 Pro Tip for AngelOne Users:
If you’re using AngelOne SmartStore tools, consider enabling price alerts around the ₹409–₹412 level. This allows you to enter when the stock hits the optimal pivot support without manual tracking.
🔚 Conclusion
Both Fundamental and Technical Analysis suggest that ITC Ltd. is a solid long-term bet with attractive entry points in the short term. By combining classic Pivot Points with Camarilla levels, investors and traders can maximize returns while minimizing risk.
Always remember to trade with a risk management plan and utilize the advanced features offered by AngelOne to enhance your strategy.
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