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By EquityPandit

ITCMARKET OUTLOOKSTOCK OUTLOOK

ITC Outlook for the Week (February 26, 2024 – March 01, 2024)

ITC
ITC
ITC closed the previous week on a negative note losing 3.51%.

Technically, ITC share price will see immediate support at 403.17 and immediate resistance would be seen at 417.77.

If ITC share price closes below immediate support of 403.17, then sharp breakdown can be seen. ITC share price will see major support at 394.93 for the week.

480.00480.00470.00470.00460.00460.00450.00450.00440.00440.00430.00430.00420.00420.00410.00410.00400.00400.00390.00390.00Jan 12Jan 12Jan 17Jan 17Jan 20Jan 20Jan 25Jan 25Jan 31Jan 31Feb 5Feb 5Feb 8Feb 8Feb 13Feb 13Feb 16Feb 16Feb 21Feb 21Reversal Level 414.93BuySell

On the positive side, immediate resistance will be seen at 417.77. Closing above 417.77, ITC share price will see a sharp breakout. Major resistance for ITC share price will be seen at 424.13 for the week.

Trading range for ITC share price for this week should be between 388.57 on down side and 432.37 on up side.

ITC Previous Week High: 415.9

ITC Previous Week Low: 401.3

ITC Previous Week Range: 14.6 Points

ITC share price support and resistance for the week (February 26, 2024 – March 01, 2024)

Level Type Value
Resistance 3 432.37
Resistance 2 424.13
Resistance 1 417.77
Support 1 403.17
Support 2 394.93
Support 3 388.57
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