ITC long

On current market scenario where market seems too much expansive one should look safe investment and when we think about good fundamental script ITC is name where we can play long- mid term bet . Stock seems technically good at CMP 214 . One can expect 24 % in mid time frame .

* Double bottom out indication is clear .
* Trading above 50 , 100 & 200 day moving average.
* Stock has given a breakout to a Cup pattern on day chart .

Fundamental0-
* Company is almost debt free.
* Stock is providing a good dividend yield of 4.74%.
* Company has been maintaining a healthy dividend payout of 64.42%