Signals, Powered By EquityPandit
ITC Outlook Weekly and Analysis:
For the Week: (May 24,2021 – May 28,2021)
BSE: 500857| NSE: ITC| ISIN: INE154A01025 | SECTOR: FMCG
ITC Share Price: 209.05 (NSE)
ITC closed the Week on Negative Note Losing 1.51%
Weekly High: 217
Weekly Low: 206.80
Weekly Range: 10.20 points
Weekly Support & Resistance for ITC Limited:
| RESISTANCE 2 | 221 |
| RESISTANCE 1 | 215 |
| SUPPORT 1 | 205 |
| SUPPORT 2 | 201 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 205 Levels, Minor resistance on the upside is capped around 215 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 @ 201 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 @ 221
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the Weekly as 221 on upside and 201 on downside.
On the daily chart ITC LTD. Share price closed above 100 EMA support which is a sign of bullishness for the coming session. Break above 210 levels will prices higher towards 215 levels.
