EquityPandit’s Outlook for ITC for the week  (Mar 05, 2019 – Mar 08, 2019) : 

ITC:

ITC closed the week on positive note gaining around 1.50%.

As we have mentioned last week, that support for the stock lies in the zone of 273 to 275 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 273 and close the week around the levels of 278.

Support for the stock lies in the zone of 273 to 275 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 & February-2019 is lying.

Resistance for the stock lies in the zone of 278 to 281 where short; medium and long term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 284 to 286 where Fibonacci levels are lying.

Broad range for the stock in coming week is seen between 265 to 270 on downside & 285 to 290 on upside.