EquityPandit’s Outlook for ITC for the week (July 27,2020 – July 31, 2020):

ITC:

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

Stock closed the week on positive note gaining 2.8%

Week High: 201.70

Week Low: 191.50

Week Range: 10.2 points

ITC Ltd.

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 196.50 Levels, Minor resistance on the upside is capped around 203.70 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 @ 193.50 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 @ 206

Stock is trading below 200 days exponential moving average, suggests long term trend is bearish. EquityPandit predicts range for the week as 206 on upside and 193.50 on downside.

WEEKLY PIVOT LEVELS: