Signals, Powered By EquityPandit
ITC Outlook Weekly and Analysis:
For the Week: (March 22,2021 – March 26,2021)
BSE: 500857| NSE: ITC| ISIN: INE154A01025 | SECTOR: FMCG
ITC Share Price: 222.95(NSE)
ITC closed the Week on Positive Note Gaining 8.65%
Weekly High: 226.15
Weekly Low: 201.60
Weekly Range: 24.55 points
Weekly Support & Resistance for ITC Limited:
| RESISTANCE 2 | 240 |
| RESISTANCE 1 | 231 |
| SUPPORT 1 | 208 |
| SUPPORT 2 | 192 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 208 Levels, Minor resistance on the upside is capped around 231 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 @ 240 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 @ 192
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the Weekly as 240 on upside and 192 on downside.
On the daily chart we can see ITC LTD share price closed above 161.8% of Fibonacci support. A white body appeared on the candle.
The trend for ITC LTD. is clearly bullish . Price can continue to move towards 228-230 levels.
