Signals, Powered By EquityPandit
ITC Outlook Weekly and Analysis:
For the Week: (Dec 20,2021 – Dec 24,2021)
BSE: 500857| NSE: ITC| ISIN: INE154A01025 | SECTOR: FMCG
ITC Share Price: 217.95 (NSE)
ITC closed the Week on Negative note losing 7.69%
Weekly High: 238.75
Weekly Low: 216.75
Weekly Range: 22 points
Weekly Support & Resistance for ITC Limited:
| RESISTANCE 2 | 246 |
| RESISTANCE 1 | 232 |
| SUPPORT 1 | 210 |
| SUPPORT 2 | 202 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 210 Levels, Minor resistance on the upside is capped around 232 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 @ 202 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 @ 246
Stock is trading below 200 days exponential moving average, suggests long term trend is bearish. EquityPandit predicts range for the Weekly as 246 on upside and 202 on downside.
