EquityPandit’s Outlook for ITC for the week (July 20,2020 – July 24, 2020):

ITC:

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

Stock closed the week on Negative note losing 0.18%

Week High:200

Week Low:192

Week Range: 8 points

ITC Ltd.

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 191.50 Levels, Minor resistance on the upside is capped around 200 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 @ 186 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 @ 204

Stock is trading below 200 days exponential moving average, suggests long term trend is bearish. EquityPandit predicts range for the week as 204 on upside and 186 on downside.

WEEKLY PIVOT LEVELS: