Signals, Powered By EquityPandit
ITC Outlook Weekly and Analysis:
For the Week: (Feb 21, 2022 – Feb 25, 2022)
BSE: 500857| NSE: ITC| ISIN: INE154A01025 | SECTOR: FMCG
ITC Share Price: 221.90 (NSE)
ITC closed the Week on Negative Note Losing 4.54%
Weekly High: 226
Weekly Low: 218.50
Weekly Range: 7.5 points
Weekly Support & Resistance for ITC Limited:
| RESISTANCE 2 | 230 |
| RESISTANCE 1 | 226 |
| SUPPORT 1 | 218 |
| SUPPORT 2 | 214 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 218 Levels, Minor resistance on the upside is capped around 226 levels.
If stock breaches minor support on the downside and closes below it we may see fresh break down and stock can drag towards Major Support on lower side @ 214 and If stock breaches minor resistance on the upside and closes above it we may see fresh breakout and stock can head towards Major Resistances Level @ 230
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the Weekly as 230 on upside and 214 on downside.
