Signals, Powered By EquityPandit
ITC Outlook Weekly and Analysis:
For the Week: (March 08,2021 – March 12,2021)
BSE: 500857| NSE: ITC| ISIN: INE154A01025 | SECTOR: FMCG
ITC Share Price: 208.55 (NSE)
ITC closed the Week on Positive Note Gaining 2.31%
Weekly High: 212
Weekly Low: 204.05
Weekly Range: 7.95 points
Weekly Support & Resistance for ITC Limited:
| RESISTANCE 2 | 216 |
| RESISTANCE 1 | 212 |
| SUPPORT 1 | 204 |
| SUPPORT 2 | 200 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 204 Levels, Minor resistance on the upside is capped around 212 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 @ 200 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 @ 216
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the Weekly as 216 on upside and 200 on downside.
On the daily chart we can see ITC LTD share price manage to close above trend line support. Stock is facing hurdles in the 210-211 zone on upside. For the near term 100 EMA line will act as support for the stock.
