Signals, Powered By EquityPandit
ITC Outlook Weekly and Analysis:
For the Week: (March 29,2021 – April 02,2021)
BSE: 500857| NSE: ITC| ISIN: INE154A01025 | SECTOR: FMCG
ITC Share Price: 210.90 (NSE)
ITC closed the Week on Negative Note Losing 5.40%
Weekly High: 228.10
Weekly Low: 209.05
Weekly Range: 19.05 points
Weekly Support & Resistance for ITC Limited:
| RESISTANCE 2 | 235 |
| RESISTANCE 1 | 223 |
| SUPPORT 1 | 204 |
| SUPPORT 2 | 197 |
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 223 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 @ 197 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 @ 235
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the Weekly as 235 on upside and 197 on downside.
On the daily chart we can see that stock price closed below its important support level on daily chart. A falling window occurred on the candles. Price can take support near 206 levels.
