Signals, Powered By EquityPandit
ITC Outlook Weekly and Analysis:
For the Week: (Jan 25,2021 – Jan 29,2021)
BSE: 500857| NSE: ITC| ISIN: INE154A01025 | SECTOR: FMCG
ITC Share Price: 210.70 (NSE)
ITC closed the Week on Negative Note Losing 3.28%
Weekly High: 222.00
Weekly Low: 209.15
Weekly Range: 12.85points
Weekly Support & Resistance for ITC Limited:
| RESISTANCE 2 | 227 |
| RESISTANCE 1 | 219 |
| SUPPORT 1 | 206 |
| SUPPORT 2 | 201 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 206 Levels, Minor resistance on the upside is capped around 219 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 @ 201 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 227 on upside and 201 on downside.
On the daily chart we have seen Double bottom pattern failure which is early sign of weakness. Price can continue to move towards 205 levels on downside for short term.
