EquityPandit’s Outlook for ITC for the week  (Feb 11, 2019 – Feb 15, 2019) : 

ITC:

ITC closed the week on negative note losing around 1.90%.

As we have mentioned last week, that support for the stock lies in the zone of 275 to 277 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 268 to 270 where Fibonacci levels and low for the month of December-2018 is lying. During the week the stock manages to hit a low of 272 and close the week around the levels of 276.

Support for the stock lies in the zone of 268 to 270 where Fibonacci levels and low for the month of December-2018 is lying. If the stock manages to close below these levels then the stock can drift to the levels of 260 to 263 where low for the month of October-2018 is lying.

Resistance for the stock lies in the zone of 275 to 277 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 280 to 283 where short; medium and long term moving averages are lying.

Broad range for the stock in coming week is seen between 263 to 266 on downside & 285 to 288 on upside.