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ITC Weekly Outlook and Analysis:

For the Week: (12-JUN-2023 to 16-JUN-2023)

BSE: 500857| NSE: ITC| ISIN: INE154A01025 | SECTOR: FMCG

ITC Share Price: 438.45 (NSE)

ITC closed the Week on Negative Note losing 1.12%

Weekly High: 446.85
Weekly Low: 435.15
Weekly Range: 11.70 points

Weekly Support & Resistance for ITC Limited:

RESISTANCE 2	452
RESISTANCE 1	445
SUPPORT 1	433
SUPPORT 2	428

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 433 Levels, Minor resistance on the upside is capped around 445 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 @ 428 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 @ 452

Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the Weekly as 452 on upside and 428 on downside.