Signals, Powered By EquityPandit
ITC Outlook Weekly and Analysis:
For the Week: (May 31,2021 – June 04,2021)
BSE: 500857| NSE: ITC| ISIN: INE154A01025 | SECTOR: FMCG
ITC Share Price: 212.90 (NSE)
ITC closed the Week on Positive Note Gaining 1.84%
Weekly High: 214.15
Weekly Low: 207.75
Weekly Range: 6.40 points
Weekly Support & Resistance for ITC Limited:
| RESISTANCE 2 | 217 |
| RESISTANCE 1 | 215 |
| SUPPORT 1 | 209 |
| SUPPORT 2 | 205 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 209 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 @ 205 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 @ 217
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the Weekly as 217 on upside and 205 on downside.
On the daily chart ITC LTD. Share price are seen precisely moving above trend line support. Price can continue to move towards 217 level. The level of 217 would be crucial resistance in the near term , to further up move stock need to break this level.
