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By EquityPandit

ITCMARKET OUTLOOKSTOCK OUTLOOK

ITC Outlook for the Week (January 08, 2024 – January 12, 2024)

ITC
ITC
ITC closed the previous week on a negative note losing 3.90%.

Technically, ITC share price will see immediate support at 463.92 and immediate resistance would be seen at 482.72.

If ITC share price closes below immediate support of 463.92, then sharp breakdown can be seen. ITC share price will see major support at 453.88 for the week.

485.00485.00480.00480.00475.00475.00470.00470.00465.00465.00460.00460.00455.00455.00450.00450.00445.00445.00440.00440.00435.00435.00430.00430.00Nov 23Nov 23Nov 29Nov 29Dec 4Dec 4Dec 7Dec 7Dec 12Dec 12Dec 15Dec 15Dec 20Dec 20Dec 26Dec 26Dec 29Dec 29Jan 3Jan 3Reversal Level 470.16BuyBuyBuySellSellSell

On the positive side, immediate resistance will be seen at 482.72. Closing above 482.72, ITC share price will see a sharp breakout. Major resistance for ITC share price will be seen at 491.48 for the week.

Trading range for ITC share price for this week should be between 445.12 on down side and 501.52 on up side.

ITC Previous Week High: 481.45

ITC Previous Week Low: 462.65

ITC Previous Week Range: 18.8 Points

ITC share price support and resistance for the week (January 08, 2024 – January 12, 2024)

Level Type Value
Resistance 3 501.52
Resistance 2 491.48
Resistance 1 482.72
Support 1 463.92
Support 2 453.88
Support 3 445.12
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