• “ITC Share Price Correction: When and Where to Enter”

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• “ITC Share Price Correction: When and Where to Enter”

Is ITC Share Headed for a Downside? Best Levels to Buy

ITC Limited is one of India’s most diversified companies, with strong businesses across FMCG, hotels, paper, agribusiness, and cigarettes. Despite its stable fundamentals, the stock has seen some profit booking recently, raising a key question for investors: Is ITC share price headed for a downside, and if so, when should you buy?

Recent Performance of ITC Share

Over the last year, ITC delivered healthy returns supported by strong earnings in the FMCG and hotel segment. The company also continues to reward long-term shareholders with a high dividend yield, which makes it one of the most attractive defensive bets in the Indian market.

However, short-term market volatility and sector rotation have led to a correction from its recent highs. This has brought the stock closer to key support levels, which may open up buying opportunities.

Key Support Levels to Watch

From a technical perspective, ITC is showing important support zones:

• ₹420–₹425 Zone: Strong support level where investors may start accumulating.

• ₹400–₹405 Zone: A more conservative entry point for those waiting for a deeper correction.

• If the stock falls below ₹400, it may witness further weakness, but such levels are usually considered a strong value-buying zone for long-term investors.

Fundamental Strength

• FMCG Business: Stable growth with new product launches.

• Hotels: Witnessing strong revival post-pandemic.

• Dividends: Attractive dividend yield of around 3–4%, making ITC a steady income stock.

• Diversified Portfolio: Helps the company withstand market cycles better than peers.

Investment Strategy

• For Long-Term Investors (3–5 years): Accumulate gradually on every dip. Buying in 3–4 parts ensures better average cost.

• For Short-Term Traders (1–3 months): Consider entering around ₹420–425 with a stop-loss below ₹400. Upside targets could be ₹460–470 in the near term.

Conclusion

ITC may witness some downside in the short run due to market corrections, but the long-term outlook remains positive. With strong fundamentals, stable dividends, and growth in multiple business segments, ITC continues to be a safe bet. The best strategy is to buy on dips around ₹420–400 levels and hold for long-term wealth creation.

ITC Share Price Key Levels & Strategy