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By EquityPandit

ITCMARKET OUTLOOKSTOCK OUTLOOK

ITC Outlook for the Week (January 01, 2024 – January 05, 2024)

ITC
ITC
ITC closed the previous week on a negative note losing 3.02%.

Technically, ITC share price will see immediate support at 454.60 and immediate resistance would be seen at 468.75.

If ITC share price closes below immediate support of 454.60, then sharp breakdown can be seen. ITC share price will see major support at 447.10 for the week.

470.00470.00465.00465.00460.00460.00455.00455.00450.00450.00445.00445.00440.00440.00435.00435.00430.00430.00Nov 16Nov 16Nov 21Nov 21Nov 24Nov 24Nov 30Nov 30Dec 5Dec 5Dec 8Dec 8Dec 13Dec 13Dec 18Dec 18Dec 21Dec 21Dec 27Dec 27Reversal Level 457.50BuyBuyBuySellSellSell

On the positive side, immediate resistance will be seen at 468.75. Closing above 468.75, ITC share price will see a sharp breakout. Major resistance for ITC share price will be seen at 475.40 for the week.

Trading range for ITC share price for this week should be between 440.45 on down side and 482.90 on up side.

ITC Previous Week High: 467.9

ITC Previous Week Low: 453.75

ITC Previous Week Range: 14.15 Points

ITC share price support and resistance for the week (January 01, 2024 – January 05, 2024)

Level Type Value
Resistance 3 482.90
Resistance 2 475.40
Resistance 1 468.75
Support 1 454.60
Support 2 447.10
Support 3 440.45
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