EquityPandit’s Outlook for ITC for the week  (Oct 01, 2018 – Oct 05, 2018) : 

ITC:

ITC closed the week on negative note losing around 1.00%.

As we have mentioned last week, that support for the stock lies in the zone of 300 to 303 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 290 to 293 from where the stock opened gap up and Fibonacci levels are lying. During the week the stock manages to hit a low of 290 and close the week around the levels of 298.

Support for the stock lies in the zone of 290 to 293 from where the stock opened gap up and Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 275 to 280 where Fibonacci levels and long term moving averages are lying.

Minor resistance for the stock lies around 303 to 306. Resistance for the stock lies in the zone of 310 to 315 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 320 to 325 from where the stock has opened gap down and Fibonacci levels are lying.

Broad range for the stock in coming week is seen between 280 to 285 on downside & 315 to 320 on upside.