EquityPandit’s Outlook for ITC for the week (Sept 30, 2019 – Oct 5, 2019):
BSE: 500857| NSE: ITC| ISIN: INE154A01025 | SECTOR: FMCG
Stock closed the week on positive note gaining – 6.19 %
Week High: 256
Week Low: 238
Week Range: 17.85 points
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 248 evels, Minor resistance on the upside is capped around 260 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 @ 234 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 @ 270
Stock is trading below 200 days exponential moving average, suggests long term trend is bearish. EquityPandit predicts range for the week as 270on upside and 231 on downside.