EquityPandit’s Outlook for ITC for the week  (Mar 26, 2018 – Mar 28, 2018) : 

ITC:

ITC closed the week on negative note losing around 1.70%.

As we have mentioned last week, that 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. During the week the stock manages to hit a high of 262 and close the week around the levels of 256.

Support for the stock lies in the zone of 250 to 252 where the stock has formed a bottom in the month of December-2017 and long term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 240 to 242 where break out levels are lying.

Minor resistance for the stock lies in the zone of 260 to 263. 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 240 to 245 on downside & 265 to 270 on upside.