ITC is one stock that has likely generated more memes on social media than all other memes on the stockmarkets put together! It has been tiring out the most die-hard fans of patient investing, already.
Delay, in markets, is not denial. Delay is determination in markets. While this stock has been a laggard of the highest order for good reasons so far, business cycles as the one trough present in the affairs of ITC makes it a stock somewhere at par with many PSUs in terms of the gorgeous dividend yields, reflecting the despondency of the extreme order amongst discerning investors.
This phase of unglamorous existence also is bringing by shifting of the stock from the hands of those who are just patient to those who have the highest order of patience.
Nothing explains technical analysis based outlook better than a full recording of the analysis on a video. Here it is:
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