ITC Ltd crashes by over 6%

Shares of ITC plunged over 7% today after government’s appointed panel recommended a steep 40% tax on tobacco products triggering a sell off in cigarette makers. In the candlestick chart, ITC has formed big red color candle with huge volume of 33.9 Million shares. In the near term, the stock has support in the range of 300-310, breaking which will take the stock further.

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