EquityPandit’s Outlook for ITC for the week (May 27, 2019 – May 31,2019)

ITC:

ITC Ltd.

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

Stock closed the week on negative note losing -3.73%

Week High: 307.00

Week Low: 288.50

Week Range: 18.50

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 286 levels, Minor resistance on the upside is capped around 292 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 @ 282 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 @ 297

Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the week as 297 on upside and 282 on downside.