EquityPandit’s Outlook for ITC for the week  (Feb 25, 2019 – Mar 01, 2019) : 

ITC:

ITC closed the week on negative note losing around 2.10%.

As we have mentioned last week, that resistance for the stock lies in the zone of 280 to 283 where short; medium and long term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 286 to 289 where Fibonacci levels are lying. During the week the stock manages to hit a high of 282 and close the week around the levels of 274.

Support for the stock lies in the zone of 273 to 275 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 268 to 270 where Fibonacci levels and low for the month of December-2018 is lying.

Resistance for the stock lies in the zone of 278 to 281 where short; medium and long term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 284 to 286 where Fibonacci levels are lying.

Broad range for the stock in coming week is seen between 265 to 270 on downside & 280 to 285 on upside.