EquityPandit’s Outlook for ITC for the week (March 16, 2020 – March 20, 2020):

ITC:

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

Stock closed the week on negative note losing –10.10%

Week High: 179

Week Low: 135

Week Range: 44 points

ITC Ltd.

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 150.50 Levels, Minor resistance on the upside is capped around 164 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 @ 146 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 @ 170.

Stock is trading below 200 days exponential moving average, suggests long term trend is bearish. EquityPandit predicts range for the week as 200 on upside and 130 on downside.

Weekly Pivot Levels: