Signals, Powered By EquityPandit
ITC Outlook Weekly and Analysis:
For the Week: (April 05,2021 – April 09,2021)
BSE: 500857| NSE: ITC| ISIN: INE154A01025 | SECTOR: FMCG
ITC Share Price: 220.05 (NSE)
ITC closed the Week on Positive Note Gaining 4.34%
Weekly High: 220.60
Weekly Low: 210.40
Weekly Range: 10.20 points
Weekly Support & Resistance for ITC Limited:
| RESISTANCE 2 | 227 |
| RESISTANCE 1 | 223 |
| SUPPORT 1 | 213 |
| SUPPORT 2 | 206 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 213 Levels, Minor resistance on the upside is capped around 223 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 @ 206 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 @ 227
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the Weekly as 227on upside and 206 on downside.
The trend for ITC LTD. Is clearly bullish . A Doji candle appeared on the chart. To continue with up move, break above prior week high near 221 on closing basis is required.
