Signals, Powered By EquityPandit
ITC Outlook Weekly and Analysis:
For the Week: (Jan 31, 2022 – Feb 04, 2022)
BSE: 500857| NSE: ITC| ISIN: INE154A01025 | SECTOR: FMCG
ITC Share Price: 217.60 (NSE)
ITC closed the Week on Positive note Gaining 0.25%
Weekly High: 219.25
Weekly Low: 209.55
Weekly Range: 9.7 points
Weekly Support & Resistance for ITC Limited:
| RESISTANCE 2 | 225 |
| RESISTANCE 1 | 221 |
| SUPPORT 1 | 211 |
| SUPPORT 2 | 204 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 211 Levels, Minor resistance on the upside is capped around 221 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 @ 204 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 @ 225
Stock is trading below 200 days exponential moving average, suggests long term trend is bearish. EquityPandit predicts range for the Weekly as 225 on upside and 204 on downside.
