EquityPandit’s Outlook for ITC for the week  (Mar 12, 2018 – Mar 16, 2018) : 

ITC:

ITC closed the week on negative note losing around 1.80%.

As we have mentioned last week, that support for the stock lies in the zone of 258 to 260 where the stock has taken multiple support in the month of December-2017 and January-2018. If the stock manages to close below these levels then the stock can drift to the levels of 250 to 252 where the stock has formed a bottom in the month of December-2017. During the week the stock manages to hit a low of 254 and close the week around the levels of 259.

Support for the stock lies in the zone of 258 to 260 where the stock has taken multiple support in the month of December-2017 and January-2018. If the stock manages to close below these levels then the stock can drift to the levels of 250 to 252 where the stock has formed a bottom in the month of December-2017.

Minor resistance for the stock lies in the zone of 263 to 265. Resistance for the stock lies in the zone of 268 to 270 where short term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 275 to 277 where break down levels are lying.

Broad range for the stock in coming week is seen between 250 to 253 on downside & 270 to 275 on upside.