EquityPandit’s Outlook for ITC for the week (June 17, 2019 – June 21, 2019):
BSE: 500857| NSE: ITC| ISIN: INE154A01025 | SECTOR: FMCG
Stock closed the week on positive note gaining +0.74%
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 273 levels, Minor resistance on the upside is capped around 282 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 @ 267 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 @ 287
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the week as 287 on upside and 267 on downside.