EquityPandit’s Outlook for ITC for the week (July 06, 2020 – July 10, 2020):

ITC:

BSE: 500857| NSE: ITC| ISIN: INE154A01025 | SECTOR: FMCG

Stock closed the week on Positive gaining 6.30%

Week High:208.50

Week Low:194

Week Range: 14.5 points

ITC Ltd.

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 201 Levels, Minor resistance on the upside is capped around 213 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 @ 193 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 @ 218

Stock is trading below 200 days exponential moving average, suggests long term trend is bearish. EquityPandit predicts range for the week as 218 on upside and 193 on downside.

WEEKLY PIVOT LEVELS: