Tag Archives: ITC Outlook

ITC Outlook for the Week (Nov 20, 2017 – Nov 24, 2017)

EquityPandit’s Outlook for ITC for the week  (Nov 20, 2017 – Nov 24, 2017) :

ITC:

 

ITC

 

ITC closed the week on negative note losing around 1.40%.

As we have mentioned last week, that support for the stock lies in the zone of 256 to 258 where the stock has taken support in the month of February-2017. If the stock manages to close below these levels then the stock can drift to the levels of 248 to 250. During the week the stock manages to hit a low of 250 and close the week around the levels of 258.

Support for the stock lies in the zone of 256 to 258 where the stock has taken support in the month of February-2017. If the stock manages to close below these levels then the stock can drift to the levels of 248 to 250.

Minor resistance for the stock lies in the zone of 259 to 260. Resistance for the stock lies in the zone of 263 to 265 from where the stock has broken down after consolidation and short term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 270 to 272 from where the stock has broken down from April-2017, May-2017 & August-2017 lows.

Broad range for the stock in coming week is seen between 250 to 252 on downside & 265 to 267 on upside.

ITC Outlook for the Week (Nov 13, 2017 – Nov 17, 2017)

EquityPandit’s Outlook for ITC for the week  (Nov 13, 2017 – Nov 17, 2017) :

ITC:

 

ITC

 

ITC closed the week on negative note losing around 1.40%.

As we have mentioned last week, that minor support for the stock lies in the zone of 265 to 267. Support for the stock lies in the zone of 256 to 258 where the stock has taken support in the month of February-2017. If the stock manages to close below these levels then the stock can drift to the levels of 248 to 250. During the week the stock manages to hit a low of 259 and close the week around the levels of 262.

Support for the stock lies in the zone of 256 to 258 where the stock has taken support in the month of February-2017. If the stock manages to close below these levels then the stock can drift to the levels of 248 to 250.

Minor resistance for the stock lies in the zone of 264 to 266. Resistance for the stock lies in the zone of 270 to 272 from where the stock has broken down from April-2017, May-2017 & August-2017 lows and short term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 278 to 280 where 200 daily moving averages are lying.

Broad range for the stock in coming week is seen between 255 to 258 on downside & 268 to 270 on upside.

ITC Outlook for the Week (Nov 06, 2017 – Nov 10, 2017)

EquityPandit’s Outlook for ITC for the week  (Nov 06, 2017 – Nov 10, 2017) :

ITC:

 

ITC

 

ITC closed the week on negative note losing around 1.50%.

As we have mentioned last week, that resistance for the stock lies in the zone of 270 to 272 from where the stock has broken down from April-2017, May-2017 & August-2017 lows and short term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 278 to 280 where 200 daily moving averages are lying. During the week the stock manages to hit a high of 271 and close the week around the levels of 265.

Minor support for the stock lies in the zone of 265 to 267. Support for the stock lies in the zone of 256 to 258 where the stock has taken support in the month of February-2017. If the stock manages to close below these levels then the stock can drift to the levels of 248 to 250.

Resistance for the stock lies in the zone of 270 to 272 from where the stock has broken down from April-2017, May-2017 & August-2017 lows and short term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 278 to 280 where 200 daily moving averages are lying.

Broad range for the stock in coming week is seen between 255 to 258 on downside & 273 to 275 on upside.

ITC Outlook for the Week (Oct 30, 2017 – Nov 03, 2017)

EquityPandit’s Outlook for ITC for the week  (Oct 30, 2017 – Nov 03, 2017) :

ITC:

 

ITC

 

ITC closed the week on absolutely flat note.

As we have mentioned last week, that minor support for the stock lies in the zone of 265 to 267. Support for the stock lies in the zone of 256 to 258 where the stock has taken support in the month of February-2017. If the stock manages to close below these levels then the stock can drift to the levels of 248 to 250. During the week the stock manages to hit a low of 266 and close the week around the levels of 269.

Minor support for the stock lies in the zone of 265 to 267. Support for the stock lies in the zone of 256 to 258 where the stock has taken support in the month of February-2017. If the stock manages to close below these levels then the stock can drift to the levels of 248 to 250.

Resistance for the stock lies in the zone of 270 to 272 from where the stock has broken down from April-2017, May-2017 & August-2017 lows and short term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 278 to 280 where 200 daily moving averages are lying.

Broad range for the stock in coming week is seen between 258 to 260 on downside & 278 to 280 on upside.

ITC Outlook for the Week (Oct 23, 2017 – Oct 27, 2017)

EquityPandit’s Outlook for ITC for the week  (Oct 23, 2017 – Oct 27, 2017) :

ITC:

 

ITC

 

ITC closed the week on positive note gaining around 1.40%.

As we have mentioned last week, that resistance for the stock lies in the zone of 267 to 269 from where the stock has broken down from August-2017 lows. If the stock manages to close above these levels then the stock can move to the levels of 276 to 278 where 200 daily moving averages are lying. During the week the stock manages to hit a high of 271 and close the week around the levels of 270.

Minor support for the stock lies in the zone of 265 to 267. Support for the stock lies in the zone of 256 to 258 where the stock has taken support in the month of February-2017. If the stock manages to close below these levels then the stock can drift to the levels of 248 to 250.

Resistance for the stock lies in the zone of 270 to 272 from where the stock has broken down from April-2017, May-2017 & August-2017 lows and short term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 278 to 280 where 200 daily moving averages are lying.

Broad range for the stock in coming week is seen between 258 to 260 on downside & 278 to 280 on upside.

ITC Outlook for the Week (Oct 16, 2017 – Oct 19, 2017)

EquityPandit’s Outlook for ITC for the week  (Oct 16, 2017 – Oct 19, 2017) :

ITC:

 

ITC

 

ITC closed the week on absolutely flat note.

As we have mentioned last week, that resistance for the stock lies in the zone of 267 to 269 from where the stock has broken down from August-2017 lows. If the stock manages to close above these levels then the stock can move to the levels of 276 to 278 where 200 daily moving averages are lying. During the week the stock manages to hit a high of 269 and close the week around the levels of 266.

Minor support for the stock lies in the zone of 261 to 263. Support for the stock lies in the zone of 256 to 258 where the stock has taken support in the month of February-2017. If the stock manages to close below these levels then the stock can drift to the levels of 248 to 250.

Resistance for the stock lies in the zone of 267 to 269 from where the stock has broken down from August-2017 lows. If the stock manages to close above these levels then the stock can move to the levels of 276 to 278 where 200 daily moving averages are lying.

Broad range for the stock in coming week is seen between 254 to 256 on downside & 274 to 276 on upside.

ITC Outlook for the Week (Oct 09, 2017 – Oct 13, 2017)

EquityPandit’s Outlook for ITC for the week  (Oct 09, 2017 – Oct 13, 2017) :

ITC:

 

ITC

 

ITC closed the week on positive note gaining around 3.00%.

As we have mentioned last week, that minor resistance for the stock lies in the zone of 261 to 263. Resistance for the stock lies in the zone of 267 to 269 from where the stock has broken down from August-2017 lows. If the stock manages to close above these levels then the stock can move to the levels of 276 to 278 where 200 daily moving averages are lying. During the week the stock manages to hit a high of 269 and close the week around the levels of 266.

Minor support for the stock lies in the zone of 261 to 263. Support for the stock lies in the zone of 256 to 258 where the stock has taken support in the month of February-2017. If the stock manages to close below these levels then the stock can drift to the levels of 248 to 250.

Resistance for the stock lies in the zone of 267 to 269 from where the stock has broken down from August-2017 lows. If the stock manages to close above these levels then the stock can move to the levels of 276 to 278 where 200 daily moving averages are lying.

Broad range for the stock in coming week is seen between 254 to 256 on downside & 274 to 276 on upside.

ITC Outlook for the Week (Oct 03, 2017 – Oct 06, 2017)

EquityPandit’s Outlook for ITC for the week  (Oct 03, 2017 – Oct 06, 2017) :

ITC:

 

ITC

 

ITC closed the week on negative note losing around 3.80%.

As we have mentioned last week, that minor resistance for the stock lies in the zone of 271 to 273. Resistance for the stock lies in the zone of 276 to 278 where 200 daily moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 281 to 283. During the week the stock manages to hit a high of 270 and close the week around the levels of 258.

The stock is in strong downtrend and has broken down from the entire major support zone. Support for the stock lies in the zone of 256 to 258 where the stock has taken support in the month of February-2017. If the stock manages to close below these levels then the stock can drift to the levels of 248 to 250.

Minor resistance for the stock lies in the zone of 261 to 263. Resistance for the stock lies in the zone of 267 to 269 from where the stock has broken down from August-2017 lows. If the stock manages to close above these levels then the stock can move to the levels of 276 to 278 where 200 daily moving averages are lying.

Broad range for the stock in coming week is seen between 248 to 250 on downside & 268 to 270 on upside.

ITC Outlook for the Week (Sep 25, 2017 – Sep 29, 2017)

EquityPandit’s Outlook for ITC for the week  (Sep 25, 2017 – Sep 29, 2017) :

ITC:

 

ITC

 

ITC closed the week on negative note losing around 0.30%.

As we have mentioned last week, that support for the stock lies in the zone of 268 to 270 where the stock has formed a bottom in the month of August-2017. If the stock manages to close below these levels then the stock can drift to the levels of 260 to 262. During the week the stock manages to hit a low of 264 and close the week around the levels of 268.

Support for the stock lies in the zone of 268 to 270 where the stock has formed a bottom in the month of August-2017. If the stock manages to close below these levels then the stock can drift to the levels of 260 to 262.

Minor resistance for the stock lies in the zone of 271 to 273. Resistance for the stock lies in the zone of 276 to 278 where 200 daily moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 281 to 283.

Broad range for the stock in coming week is seen between 260 to 262 on downside & 275 to 277 on upside.

ITC Outlook for the Week (Sep 18, 2017 – Sep 22, 2017)

EquityPandit’s Outlook for ITC for the week  (Sep 18, 2017 – Sep 22, 2017) :

ITC:

 

ITC

 

ITC closed the week on negative note losing around 1.10%.

As we have mentioned last week, that resistance for the stock lies in the zone of 275 to 277 where 200 daily moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 281 to 283. During the week the stock manages to hit a high of 278 and close the week around the levels of 269.

Support for the stock lies in the zone of 268 to 270 where the stock has formed a bottom in the month of August-2017. If the stock manages to close below these levels then the stock can drift to the levels of 260 to 262.

Resistance for the stock lies in the zone of 275 to 277 where 200 daily moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 281 to 283.

Broad range for the stock in coming week is seen between 260 to 262 on downside & 280 to 282 on upside.

ITC Outlook for the Week (Sep 11, 2017 – Sep 15, 2017)

EquityPandit’s Outlook for ITC for the week  (Sep 11, 2017 – Sep 15, 2017) :

ITC:

 

ITC

 

ITC closed the week on negative note losing around 4.30%.

As we have mentioned last week, that support for the stock lies in the zone of 280 to 282 where Fibonacci level is lying. If the stock manages to close below these levels then the stock can drift to the levels of 272 to 274 where 200 daily moving averages are lying. During the week the stock manages to hit a low of 270 and close the week around the levels of 272.

Support for the stock lies in the zone of 268 to 270 where the stock has formed a bottom in the month of August-2017. If the stock manages to close below these levels then the stock can drift to the levels of 260 to 262.

Resistance for the stock lies in the zone of 275 to 277 where 200 daily moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 281 to 283.

Broad range for the stock in coming week is seen between 260 to 262 on downside & 280 to 282 on upside.

ITC Outlook for the Week (Sep 04, 2017 – Sep 08, 2017)

EquityPandit’s Outlook for ITC for the week  (Sep 04, 2017 – Sep 08, 2017) :

ITC:

 

ITC

 

ITC closed the week on positive note gaining around 0.80%.

As we have mentioned last week, that minor support for the stock lies in the zone of 277 to 278. Support for the stock lies in the zone of 272 to 274 where 200 daily moving averages is lying. If the stock manages to close below these levels then the stock can drift to the levels of 265 to 267 where Fibonacci level and break out levels for the stock are lying. During the week the stock manages to hit a low of 279 and close the week around the levels of 284.

Support for the stock lies in the zone of 280 to 282 where Fibonacci level is lying. If the stock manages to close below these levels then the stock can drift to the levels of 272 to 274 where 200 daily moving averages are lying.

Resistance for the stock lies in the zone of 285 to 287. If the stock manages to close above these levels then the stock can move to the levels of 293 to 295 where Fibonacci level and medium term moving averages are lying.

Broad range for the stock in coming week is seen between 274 to 276 on downside & 293 to 295 on upside.

ITC Outlook for the Week (Aug 28, 2017 – Sep 01, 2017)

EquityPandit’s Outlook for ITC for the week  (Aug 28, 2017 – Sep 01, 2017) :

ITC:

 

ITC

 

ITC closed the week on negative note losing around 0.10%.

As we have mentioned last week, that resistance for the stock lies in the zone of 280 to 282 where Fibonacci level is lying. If the stock manages to close above these levels then the stock can move to the levels of 293 to 295 where Fibonacci level and medium term moving averages are lying. During the week the stock manages to hit a high of 286 and close the week around the levels of 281.

Minor support for the stock lies in the zone of 277 to 278. Support for the stock lies in the zone of 272 to 274 where 200 daily moving averages is lying. If the stock manages to close below these levels then the stock can drift to the levels of 265 to 267 where Fibonacci level and break out levels for the stock are lying.

Resistance for the stock lies in the zone of 280 to 282 where Fibonacci level is lying. If the stock manages to close above these levels then the stock can move to the levels of 293 to 295 where Fibonacci level and medium term moving averages are lying.

Broad range for the stock in coming week is seen between 270 to 272 on downside & 293 to 295 on upside.

ITC Outlook for the Week (Aug 21, 2017 – Aug 25, 2017)

EquityPandit’s Outlook for ITC for the week  (Aug 21, 2017 – Aug 25, 2017) :

ITC:

 

ITC

 

ITC closed the week on positive note gaining around 3.80%.

As we have mentioned last week, that minor resistance for the stock lies in the zone of 274 to 275. Resistance for the stock lies in the zone of 280 to 282 where Fibonacci level is lying. If the stock manages to close above these levels then the stock can move to the levels of 290 to 292 where Fibonacci level and medium term moving averages are lying. During the week the stock manages to hit a high of 284 and close the week around the levels of 282.

Minor support for the stock lies in the zone of 277 to 278. Support for the stock lies in the zone of 272 to 274 where 200 daily moving averages is lying. If the stock manages to close below these levels then the stock can drift to the levels of 265 to 267 where Fibonacci level and break out levels for the stock are lying.

Resistance for the stock lies in the zone of 280 to 282 where Fibonacci level is lying. If the stock manages to close above these levels then the stock can move to the levels of 293 to 295 where Fibonacci level and medium term moving averages are lying.

Broad range for the stock in coming week is seen between 270 to 272 on downside & 293 to 295 on upside.

ITC Outlook for the Week (Aug 14, 2017 – Aug 18, 2017)

EquityPandit’s Outlook for ITC for the week  (Aug 14, 2017 – Aug 18, 2017) :

ITC:

 

ITC

 

ITC closed the week on negative note losing around 3.30%.

As we have mentioned last week, that support for the stock lies in the zone of 280 to 282 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 266 to 268 where Fibonacci levels and 200 Daily moving averages are lying. During the week the stock manages to hit a low of 270 and close the week around the levels of 271.

The stock has closed just below the 200 daily moving average lying around the levels of 272. Support for the stock lies in the zone of 265 to 267 where Fibonacci level and break out levels for the stock are lying. If the stock manages to close below these levels then the stock can drift to the levels of 248 to 250 where Fibonacci level is lying.

Minor resistance for the stock lies in the zone of 274 to 275. Resistance for the stock lies in the zone of 280 to 282 where Fibonacci level is lying. If the stock manages to close above these levels then the stock can move to the levels of 290 to 292 where Fibonacci level and medium term moving averages are lying.

Broad range for the stock in coming week is seen between 260 to 262 on downside & 280 to 282 on upside.

ITC Outlook for the Week (Aug 07, 2017 – Aug 11, 2017)

EquityPandit’s Outlook for ITC for the week  (Aug 07, 2017 – Aug 11, 2017) :

ITC:

 

ITC

 

ITC closed the week on negative note losing around 3.70%.

As we have mentioned last week, that minor support for the stock lies in the zone of 286 to 288. Support for the stock lies in the zone of 280 to 282 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 266 to 268 where Fibonacci levels and 200 Daily moving averages are lying. During the week the stock manages to hit a low of 280 and close the week around the levels of 281.

Support for the stock lies in the zone of 280 to 282 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 266 to 268 where Fibonacci levels and 200 Daily moving averages are lying.

Minor resistance for the stock lies in the zone of 286 to 288. Resistance for the stock lies in the zone of 293 to 295 where Fibonacci levels and medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 300 to 302 where Fibonacci levels are lying.

Broad range for the stock in coming week is seen between 270 to 272 on downside & 290 to 292 on upside.

ITC Outlook for the Week (July 31, 2017 – Aug 04, 2017)

EquityPandit’s Outlook for ITC for the week  (July 31, 2017 – Aug 04, 2017) :

ITC:

 

ITC

 

ITC closed the week on positive note gaining around 0.90%.

As we have mentioned last week, that resistance for the stock lies in the zone of 293 to 295 where Fibonacci levels and medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 300 to 302 where Fibonacci levels are lying. During the week the stock manages to hit a high of 295 and close the week around the levels of 292.

Minor support for the stock lies in the zone of 286 to 288. Support for the stock lies in the zone of 280 to 282 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 266 to 268 where Fibonacci levels and 200 Daily moving averages are lying.

Resistance for the stock lies in the zone of 293 to 295 where Fibonacci levels and medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 300 to 302 where Fibonacci levels are lying.

Broad range for the stock in coming week is seen between 280 to 282 on downside & 300 to 302 on upside.

ITC Outlook for the Week (July 24, 2017 – July 28, 2017)

EquityPandit’s Outlook for ITC for the week  (July 24, 2017 – July 28, 2017) :

ITC:

 

ITC

 

ITC closed the week on negative note losing around 14.30%.

As we have mentioned last week that support for the stock lies in the zone of 325 to 330 where break out levels for the stock is lying. If the stock manages to close below these levels then the stock can drift to the levels of 315 to 318 from where the stock broke out of May-2017 highs. During the week the stock manages to hit a low of 276 and close the week around the levels of 289.

Minor support for the stock lies in the zone of 286 to 288. Support for the stock lies in the zone of 280 to 282 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 266 to 268 where Fibonacci levels and 200 Daily moving averages are lying.

Resistance for the stock lies in the zone of 293 to 295 where Fibonacci levels and medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 300 to 302 where Fibonacci levels are lying.

Broad range for the stock in coming week is seen between 276 to 278 on downside & 300 to 302 on upside.

ITC Outlook for the Week (July 17, 2017 – July 21, 2017)

EquityPandit’s Outlook for ITC for the week  (July 17, 2017 – July 21, 2017) :

ITC:

 

ITC

 

ITC closed the week on positive note gaining around 0.80%.

As we have mentioned last week that support for the stock lies in the zone of 325 to 330 where break out levels for the stock is lying. If the stock manages to close below these levels then the stock can drift to the levels of 315 to 318 from where the stock broke out of May-2017 highs. During the week the stock manages to hit a low of 327 and close the week around the levels of 337.

Support for the stock lies in the zone of 325 to 330 where break out levels for the stock is lying. If the stock manages to close below these levels then the stock can drift to the levels of 315 to 318 from where the stock broke out of May-2017 highs.

Resistance for the stock lies in the zone of 340 to 343. If the stock manages to close above these levels then the stock can move to the levels of 352 to 355.

Broad range for the stock in coming week is seen between 320 to 322 on downside & 352 to 355 on upside.

ITC Outlook for the Week (July 10, 2017 – July 14, 2017)

EquityPandit’s Outlook for ITC for the week  (July 10, 2017 – July 14, 2017) :

ITC:

 

ITC

 

ITC closed the week on positive note gaining around 3.30%.

As we have mentioned last week that the stock is in strong uptrend and virtually no resistance is visible. Resistance for the stock lies in the zone of 328 to 330. During the week the stock manages to hit a high of 355 and close the week around the levels of 334.

Support for the stock lies in the zone of 325 to 330 where break out levels for the stock is lying. If the stock manages to close below these levels then the stock can drift to the levels of 315 to 318 from where the stock broke out of May-2017 highs.

Resistance for the stock lies in the zone of 340 to 343. If the stock manages to close above these levels then the stock can move to the levels of 352 to 355.

Broad range for the stock in coming week is seen between 320 to 322 on downside & 352 to 355 on upside.

ITC Outlook for the Week (July 03, 2017 – July 07, 2017)

EquityPandit’s Outlook for ITC for the week  (July 03, 2017 – July 07, 2017) :

ITC:

 

ITC

 

ITC closed the week on positive note gaining around 4.10%.

As we have mentioned last week that minor support for the stock lies in the zone of 305 to 307. Support for the stock lies in the zone of 300 to 302 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 292 to 294 from where the stock broke out of April-2017 highs. During the week the stock manages to hit a low of 307 and close the week around the levels of 324.

Minor support for the stock lies in the zone of 318 to 320. Support for the stock lies in the zone of 300 to 302 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 292 to 294 from where the stock broke out of April-2017 highs.

The stock is in strong uptrend and virtually no resistance is visible. Resistance for the stock lies in the zone of 328 to 330.

Broad range for the stock in coming week is seen between 310 to 312 on downside & 332 to 334 on upside.

ITC Outlook for the Week (June 27, 2017 – June 30, 2017)

EquityPandit’s Outlook for ITC for the week  (June 27, 2017 – June 30, 2017) :

ITC:

 

ITC

 

ITC closed the week on positive note gaining around 1.30%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 310 to 312. Resistance for the stock lies in the zone of 320 to 322 where the stock has formed a double top pattern. If the stock manages to close above these levels then the stock can move to the levels of 330 to 332. During the week the stock manages to hit a high of 314 and close the week around the levels of 311.

Minor support for the stock lies in the zone of 305 to 307. Support for the stock lies in the zone of 300 to 302 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 292 to 294 from where the stock broke out of April-2017 highs.

Minor resistance for the stock lies in the zone of 310 to 312. Resistance for the stock lies in the zone of 320 to 322 where the stock has formed a double top pattern. If the stock manages to close above these levels then the stock can move to the levels of 330 to 332.

Broad range for the stock in coming week is seen between 300 to 303 on downside & 320 to 322 on upside.

ITC Outlook for the Week (June 19, 2017 – June 23, 2017)

EquityPandit’s Outlook for ITC for the week  (June 19, 2017 – June 23, 2017) :

ITC:

 

ITC

 

ITC closed the week on positive note gaining around 0.30%.

As we have mentioned last week that support for the stock lies in the zone of 300 to 302 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 292 to 294 from where the stock broke out of April-2017 highs. During the week the stock manages to hit a low of 299 and close the week around the levels of 307.

Support for the stock lies in the zone of 300 to 302 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 292 to 294 from where the stock broke out of April-2017 highs.

Minor resistance for the stock lies in the zone of 310 to 312. Resistance for the stock lies in the zone of 320 to 322 where the stock has formed a double top pattern. If the stock manages to close above these levels then the stock can move to the levels of 330 to 332.

Broad range for the stock in coming week is seen between 292 to 295 on downside & 320 to 322 on upside.

ITC Outlook for the Week (June 12, 2017 – June 16, 2017)

EquityPandit’s Outlook for ITC for the week  (June 12, 2017 – June 16, 2017) :

ITC:

 

ITC

 

ITC closed the week on negative note losing around 4.10%.

As we have mentioned last week that minor support for the stock lies in the zone of 312 to 314. Support for the stock lies in the zone of 300 to 302 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 292 to 294 from where the stock broke out of April-2017 highs. During the week the stock manages to hit a low of 305 and close the week around the levels of 306.

Support for the stock lies in the zone of 300 to 302 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 292 to 294 from where the stock broke out of April-2017 highs.

Minor resistance for the stock lies in the zone of 310 to 312. Resistance for the stock lies in the zone of 320 to 322 where the stock has formed a double top pattern. If the stock manages to close above these levels then the stock can move to the levels of 330 to 332.

Broad range for the stock in coming week is seen between 292 to 295 on downside & 320 to 322 on upside.

ITC Outlook for the Week (June 05, 2017 – June 09, 2017)

EquityPandit’s Outlook for ITC for the week  (June 05, 2017 – June 09, 2017) :

ITC:

 

ITC

 

ITC closed the week on positive note gaining around 3.30%.

As we have mentioned last week that support for the stock lies in the zone of 300 to 302 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 292 to 294 from where the stock broke out of April-2017 highs. During the week the stock manages to hit a low of 303 and close the week around the levels of 319.

Minor support for the stock lies in the zone of 312 to 314. Support for the stock lies in the zone of 300 to 302 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 292 to 294 from where the stock broke out of April-2017 highs.

Resistance for the stock lies in the zone of 321 to 323. If the stock manages to close above these levels then the stock can move to the levels of 330 to 332.

Broad range for the stock in coming week is seen between 310 to 312 on downside & 330 to 332 on upside.

ITC Outlook for the Week (May 29, 2017 – June 02, 2017)

EquityPandit’s Outlook for ITC for the week  (May 29, 2017 – June 02, 2017) :

ITC:

 

ITC

 

ITC closed the week on positive note gaining around 8.00%.

As we have mentioned last week that resistance for the stock lies in the zone of 293 to 295 where life time highs for the stock is lying. If the stock manages to close above these levels then the stock can move to the levels of 300 to 302. During the week the stock manages to hit a high of 314 and close the week around the levels of 309.

Support for the stock lies in the zone of 300 to 302 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 292 to 294 from where the stock broke out of April-2017 highs.

Resistance for the stock lies in the zone of 314 to 316. If the stock manages to close above these levels then the stock can move to the levels of 321 to 323.

Broad range for the stock in coming week is seen between 300 to 302 on downside & 320 to 322 on upside.

ITC Outlook for the Week (May 22, 2017 – May 26, 2017)

EquityPandit’s Outlook for ITC for the week  (May 22, 2017 – May 26, 2017) :

ITC:

 

ITC

 

ITC closed the week on positive note gaining around 4.10%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 277 to 278. Resistance for the stock lies in the zone of 282 to 284 where Fibonacci extension is lying. If the stock manages to close above these levels then the stock can move to the levels of 290 to 292 where life time highs for the stock is lying. During the week the stock manages to hit a high of 296 and close the week around the levels of 286.

Minor support for the stock lies in the zone of 284 to 285. Support for the stock lies in the zone of 278 to 280 where short term moving averages and break out levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 271 to 273 where the stock has taken multiple support.

Resistance for the stock lies in the zone of 293 to 295 where life time highs for the stock is lying. If the stock manages to close above these levels then the stock can move to the levels of 300 to 302.

Broad range for the stock in coming week is seen between 275 to 277 on downside & 294 to 296 on upside.

ITC Outlook for the Week (May 15, 2017 – May 19, 2017)

EquityPandit’s Outlook for ITC for the week  (May 15, 2017 – May 19, 2017) :

ITC:

 

ITC

 

ITC closed the week on negative note losing around 0.80%.

As we have mentioned last week that support for the stock lies in the zone of 270 to 272 from where the stock broke out after consolidation. If the stock manages to close below these levels then the stock can drift to the levels of 266 to 268 from where the stock has broken out of September-2017 highs. During the week the stock manages to hit a low of 271 and close the week around the levels of 275.

Support for the stock lies in the zone of 270 to 272 from where the stock broke out after consolidation. If the stock manages to close below these levels then the stock can drift to the levels of 266 to 268 from where the stock has broken out of September-2017 highs.

Minor resistance for the stock lies in the zone of 277 to 278. Resistance for the stock lies in the zone of 282 to 284 where Fibonacci extension is lying. If the stock manages to close above these levels then the stock can move to the levels of 290 to 292 where life time highs for the stock is lying.

Broad range for the stock in coming week is seen between 265 to 267 on downside & 284 to 286 on upside.

ITC Outlook for the Week (May 08, 2017 – May 12, 2017)

EquityPandit’s Outlook for ITC for the week  (May 08, 2017 – May 12, 2017) :

ITC:

 

ITC

 

ITC closed the week on negative note losing around 0.30%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 277 to 278. Resistance for the stock lies in the zone of 282 to 284 where Fibonacci extension is lying. If the stock manages to close above these levels then the stock can move to the levels of 290 to 292 where life time highs for the stock is lying. During the week the stock manages to hit a high of 282 and close the week around the levels of 277.

Support for the stock lies in the zone of 270 to 272 from where the stock broke out after consolidation. If the stock manages to close below these levels then the stock can drift to the levels of 266 to 268 from where the stock has broken out of September-2017 highs.

Resistance for the stock lies in the zone of 282 to 284 where Fibonacci extension is lying. If the stock manages to close above these levels then the stock can move to the levels of 290 to 292 where life time highs for the stock is lying.

Broad range for the stock in coming week is seen between 268 to 270 on downside & 286 to 288 on upside.

ITC Outlook for the Week (May 02, 2017 – May 05, 2017)

EquityPandit’s Outlook for ITC for the week  (May 02, 2017 – May 05, 2017) :

ITC:

 

ITC

 

ITC closed the week on positive note gaining around 1.30%.

As we have mentioned last week that support for the stock lies in the zone of 270 to 272 from where the stock broke out after consolidation. If the stock manages to close below these levels then the stock can drift to the levels of 266 to 268 from where the stock has broken out of September-2017 highs. During the week the stock manages to hit a low of 271 and close the week around the levels of 278.

Minor support for the stock lies in the zone of 275 to 276. Support for the stock lies in the zone of 270 to 272 from where the stock broke out after consolidation. If the stock manages to close below these levels then the stock can drift to the levels of 266 to 268 from where the stock has broken out of September-2017 highs.

Minor resistance for the stock lies in the zone of 277 to 278. Resistance for the stock lies in the zone of 282 to 284 where Fibonacci extension is lying. If the stock manages to close above these levels then the stock can move to the levels of 290 to 292 where life time highs for the stock is lying.

Broad range for the stock in coming week is seen between 268 to 270 on downside & 286 to 288 on upside.

ITC Outlook for the Week (April 24, 2017 – April 28, 2017)

EquityPandit’s Outlook for ITC for the week  (April 24, 2017 – April 28, 2017) :

ITC:

 

ITC

 

ITC closed the week on negative note losing around 1.70%.

As we have mentioned last week that resistance for the stock lies in the zone of 282 to 284 where Fibonacci extension is lying. If the stock manages to close above these levels then the stock can move to the levels of 290 to 292 where life time highs for the stock is lying. During the week the stock manages to hit a high of 284 and close the week around the levels of 274.

Support for the stock lies in the zone of 270 to 272 from where the stock broke out after consolidation. If the stock manages to close below these levels then the stock can drift to the levels of 266 to 268 from where the stock has broken out of September-2017 highs.

Minor resistance for the stock lies in the zone of 277 to 278. Resistance for the stock lies in the zone of 282 to 284 where Fibonacci extension is lying. If the stock manages to close above these levels then the stock can move to the levels of 290 to 292 where life time highs for the stock is lying.

Broad range for the stock in coming week is seen between 265 to 267 on downside & 282 to 284 on upside.

ITC Outlook for the Week (April 17, 2017 – April 21, 2017)

EquityPandit’s Outlook for ITC for the week  (April 17, 2017 – April 21, 2017) :

ITC:

 

ITC

 

ITC closed the week on positive note gaining around 2.40%.

As we have mentioned last week that support for the stock lies in the zone of 270 to 272 from where the stock broke out after consolidation. If the stock manages to close below these levels then the stock can drift to the levels of 266 to 268 from where the stock has broken out of September-2017 highs. During the week the stock manages to hit a low of 272 and close the week around the levels of 279.

Minor support for the stock lies in the zone of 276 to 277. Support for the stock lies in the zone of 270 to 272 from where the stock broke out after consolidation. If the stock manages to close below these levels then the stock can drift to the levels of 266 to 268 from where the stock has broken out of September-2017 highs.

Resistance for the stock lies in the zone of 282 to 284 where Fibonacci extension is lying. If the stock manages to close above these levels then the stock can move to the levels of 290 to 292 where life time highs for the stock is lying.

Broad range for the stock in coming week is seen between 270 to 272 on downside & 290 to 292 on upside.

ITC Outlook for the Week (April 10, 2017 – April 13, 2017)

EquityPandit’s Outlook for ITC for the week  (April 10, 2017 – April 13, 2017) :

ITC:

 

ITC

 

ITC closed the week on negative note losing around 2.70%.

As we have mentioned last week that support for the stock lies in the zone of 276 to 278 where the stock has opened gap up. If the stock manages to close below these levels then the stock can drift to the levels of 270 to 272 from where the stock broke out after consolidation. During the week the stock manages to hit a low of 271 and close the week around the levels of 273.

Support for the stock lies in the zone of 270 to 272 from where the stock broke out after consolidation. If the stock manages to close below these levels then the stock can drift to the levels of 266 to 268 from where the stock has broken out of September-2017 highs.

Minor resistance for the stock lies in the zone of 275 to 277. Resistance for the stock lies in the zone of 282 to 284 where Fibonacci extension is lying. If the stock manages to close above these levels then the stock can move to the levels of 290 to 292 where life time highs for the stock is lying.

Broad range for the stock in coming week is seen between 265 to 267 on downside & 280 to 282 on upside.

ITC Outlook for the Week (April 03, 2017 – April 07, 2017)

EquityPandit’s Outlook for ITC for the week  (April 03, 2017 – April 07, 2017) :

ITC:

 

ITC

 

ITC closed the week on absolutely flat note.

As we have mentioned last week that support for the stock lies in the zone of 276 to 278 where the stock has opened gap up. If the stock manages to close below these levels then the stock can drift to the levels of 270 to 272 from where the stock broke out after consolidation. During the week the stock manages to hit a low of 276 and close the week around the levels of 280.

Support for the stock lies in the zone of 276 to 278 where the stock has opened gap up. If the stock manages to close below these levels then the stock can drift to the levels of 270 to 272 from where the stock broke out after consolidation.

Resistance for the stock lies in the zone of 282 to 284 where Fibonacci extension is lying. If the stock manages to close above these levels then the stock can move to the levels of 290 to 292 where life time highs for the stock is lying.

Broad range for the stock in coming week is seen between 270 to 272 on downside & 290 to 292 on upside.

ITC Outlook for the Week (March 27, 2017 – March 31, 2017)

EquityPandit’s Outlook for ITC for the week (March 27, 2017 – March 31, 2017) :

ITC:

 

ITC

 

ITC closed the week on absolutely flat note.

As we have mentioned last week that resistance for the stock lies in the zone of 282 to 284 where Fibonacci extension is lying. If the stock manages to close above these levels then the stock can move to the levels of 290 to 292 where life time highs for the stock is lying. During the week the stock manages to hit a high of 289 and close the week around the levels of 281.

Support for the stock lies in the zone of 276 to 278 where the stock has opened gap up. If the stock manages to close below these levels then the stock can drift to the levels of 270 to 272 from where the stock broke out after consolidation.

Resistance for the stock lies in the zone of 282 to 284 where Fibonacci extension is lying. If the stock manages to close above these levels then the stock can move to the levels of 290 to 292 where life time highs for the stock is lying.

Broad range for the stock in coming week is seen between 270 to 272 on downside & 290 to 292 on upside.

ITC Outlook for the Week (March 20, 2017 – March 24, 2017)

EquityPandit’s Outlook for ITC for the week (March 20, 2017 – March 24, 2017) :

ITC:

 

ITC

 

ITC closed the week on positive note gaining around 6.80%.

As we have mentioned last week that resistance for the stock lies in the zone of 266 to 268 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 270 to 272 from where the stock has broken down on intraday basis. During the week the stock manages to hit a high of 289 and close the week around the levels of 281.

Support for the stock lies in the zone of 276 to 278 where the stock has opened gap up. If the stock manages to close below these levels then the stock can drift to the levels of 270 to 272 from where the stock broke out after consolidation.

Resistance for the stock lies in the zone of 282 to 284 where Fibonacci extension is lying. If the stock manages to close above these levels then the stock can move to the levels of 290 to 292 where life time highs for the stock is lying.

Broad range for the stock in coming week is seen between 270 to 272 on downside & 290 to 292 on upside.

ITC Outlook for the Week (March 14, 2017 – March 17, 2017)

EquityPandit’s Outlook for ITC for the week (March 14, 2017 – March 17, 2017) :

ITC:

 

ITC

 

ITC closed the week on positive note gaining around 0.70%.

As we have mentioned last week that resistance for the stock lies in the zone of 266 to 268 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 270 to 272 from where the stock has broken down on intraday basis. During the week the stock manages to hit a high of 266 and close the week around the levels of 263.

Support for the stock lies in the zone of 258 to 260 where the stock has formed a bottom in the month of January-2017 and short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 249 to 251 where Fibonacci levels are lying.

Resistance for the stock lies in the zone of 266 to 268 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 270 to 272 from where the stock has broken down on intraday basis.

Broad range for the stock in coming week is seen between 253 to 255 on downside & 268 to 270 on upside.

ITC Outlook for the Week (March 06, 2017 – March 10, 2017)

EquityPandit’s Outlook for ITC for the week (March 06, 2017 – March 10, 2017) :

ITC:

 

ITC

 

ITC closed the week on negative note losing around 1.50%.

As we have mentioned last week that support for the stock lies in the zone of 265 to 267 from where the stock broke out from the highs of September-2016. If the stock manages to close below these levels then the stock can drift to the levels of 255 to 260. During the week the stock manages to hit a low of 258 and close the week around the levels of 262.

Support for the stock lies in the zone of 255 to 260 where the stock has formed a bottom in the month of January-2017 and short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 249 to 251 where Fibonacci levels are lying.

Resistance for the stock lies in the zone of 266 to 268 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 270 to 272 from where the stock has broken down on intraday basis.

Broad range for the stock in coming week is seen between 253 to 255 on downside & 268 to 270 on upside.

ITC Outlook for the Week (February 27, 2017 – March 03, 2017)

EquityPandit’s Outlook for ITC for the week (February 27, 2017 – March 03, 2017) :

ITC:

 

ITC

 

ITC closed the week on negative note losing around 0.90%.

As we have mentioned last week that support for the stock lies in the zone of 265 to 267 from where the stock broke out from the highs of September-2016. If the stock manages to close below these levels then the stock can drift to the levels of 255 to 260. During the week the stock manages to hit a low of 261 and close the week around the levels of 266.

Support for the stock lies in the zone of 265 to 267 from where the stock broke out from the highs of September-2016. If the stock manages to close below these levels then the stock can drift to the levels of 255 to 260.

Minor resistance for the stock lies in the zone of 270 to 272. Resistance for the stock lies in the zone of 280 to 282 where Fibonacci extension level is lying.

Broad range for the stock in coming week is seen between 258 to 260 on downside and 273 to 275 on upside.

ITC Outlook for the Week (February 20, 2017 – February 24, 2017)

EquityPandit’s Outlook for ITC for the week (February 20, 2017 – February 24, 2017) :

ITC:

 

ITC

 

ITC closed the week on negative note losing around 1.80%.

As we have mentioned last week that support for the stock lies in the zone of 265 to 267 from where the stock broke out from the highs of September-2016. If the stock manages to close below these levels then the stock can drift to the levels of 255 to 260. During the week the stock manages to hit a low of 264 and close the week around the levels of 268.

Support for the stock lies in the zone of 265 to 267 from where the stock broke out from the highs of September-2016. If the stock manages to close below these levels then the stock can drift to the levels of 255 to 260.

Minor resistance for the stock lies in the zone of 272 to 274. The stock is trading at the life time highs so virtually no resistance is visible. Resistance for the stock lies in the zone of 280 to 282 where Fibonacci extension level is lying.

Broad range for the stock in coming week is seen between 260 to 262 on downside and 276 to 278 on upside.

ITC Outlook for the Week (February 13, 2017 – February 17, 2017)

EquityPandit’s Outlook for ITC for the week (February 13, 2017 – February 17, 2017) :

ITC:

 

ITC

 

ITC closed the week on positive note gaining around 0.10%.

As we have mentioned last week that support for the stock lies in the zone of 265 to 267 from where the stock broke out from the highs of September-2016. If the stock manages to close below these levels then the stock can drift to the levels of 255 to 260. During the week the stock manages to hit a low of 271 and close the week around the levels of 273.

Support for the stock lies in the zone of 265 to 267 from where the stock broke out from the highs of September-2016. If the stock manages to close below these levels then the stock can drift to the levels of 255 to 260.

Minor resistance for the stock lies in the zone of 276 to 278. The stock is trading at the life time highs so virtually no resistance is visible. Resistance for the stock lies in the zone of 280 to 282 where Fibonacci extension level is lying.

Broad range for the stock in coming week is seen between 265 to 267 on downside and 280 to 281 on upside.

ITC Outlook for the Week (February 06, 2017 – February 10, 2017)

EquityPandit’s Outlook for ITC for the week (February 06, 2017 – February 10, 2017) :

ITC:

 

ITC

 

ITC closed the week on positive note gaining around 6.10%.

As we have mentioned last week that support for the stock lies in the zone of 250 to 252 where declining trend-line and Fibonacci level is lying. If the stock manages to close below these levels then the stock 240 to 242 where Fibonacci level and 200 Daily SMA is lying. During the week the stock manages to hit a low of 255 and close the week around the levels of 273.

Support for the stock lies in the zone of 265 to 267 from where the stock broke out from the highs of September-2016. If the stock manages to close below these levels then the stock can drift to the levels of 255 to 260.

Minor resistance for the stock lies in the zone of 276 to 278. The stock is trading at the life time highs so virtually no resistance is visible. Resistance for the stock lies in the zone of 280 to 282 where Fibonacci extension level is lying.

Broad range for the stock in coming week is seen between 265 to 267 on downside and 280 to 281 on upside.

ITC Outlook for the Week (January 30, 2017 – February 03, 2017)

EquityPandit’s Outlook for ITC for the week (January 30, 2017 – February 03, 2017) :

ITC:

 

ITC

 

ITC closed the week on positive note gaining around 0.80%.

As we have mentioned last week that resistance for the stock lies in the zone of 259 to 261 where the highs of November-2016 is lying. If the stock manages to close above these levels then the stock can move to the levels of 264 to 266 where trend-line joining earlier highs is lying. During the week the stock manages to hit a high of 267 and close the week around the levels of 257.

Support for the stock lies in the zone of 250 to 252 where declining trend-line and Fibonacci level is lying. If the stock manages to close below these levels then the stock 240 to 242 where Fibonacci level and 200 Daily SMA is lying.

Resistance for the stock lies in the zone of 259 to 261 where the highs of November-2016 is lying. If the stock manages to close above these levels then the stock can move to the levels of 265 to 267 where the stock has formed a top in the month of September-2016.

Broad range for the stock in coming week is seen between 244 to 246 on downside and 264 to 266 on upside.

ITC Outlook for the Week (January 23, 2017 – January 27, 2017)

EquityPandit’s Outlook for ITC for the week (January 23, 2017 – January 27, 2017) :

ITC:

 

itc

 

ITC closed the week on positive note gaining around 2.30%.

As we have mentioned last week that resistance for the stock lies in the zone of 250 to 252 where trend-line joining highs of 266 and 260 is lying. If the stock manages to close above these levels then the stock can move to the levels of 260 to 262. During the week the stock manages to hit a high of 256 and close the week around the levels of 255.

Support for the stock lies in the zone of 250 to 252 where declining trend-line and Fibonacci level is lying. If the stock manages to close below these levels then the stock 242 to 244 where medium term moving averages are lying.

Resistance for the stock lies in the zone of 259 to 261 where the highs of November-2016 is lying. If the stock manages to close above these levels then the stock can move to the levels of 264 to 266 where trend-line joining earlier highs is lying.

Broad range for the stock in coming week is seen between 244 to 246 on downside and 264 to 266 on upside.

ITC Outlook for the Week (January 16, 2017 – January 20, 2017)

EquityPandit’s Outlook for ITC for the week (January 16, 2017 – January 20, 2017) :

ITC:

 

itc

 

ITC closed the week on positive note gaining around 2.90%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 244 to 246. Resistance for the stock lies in the zone of 250 to 252 where trend-line joining highs of 266 and 260 is lying. If the stock manages to close above these levels then the stock can move to the levels of 260 to 262. During the week the stock manages to hit a high of 251 and close the week around the levels of 250.

Minor support for the stock lies in the zone of 242 to 244. Support for the stock lies in the zone of 235 to 237 where 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 225 to 227.

Resistance for the stock lies in the zone of 250 to 252 where trend-line joining highs of 266 and 260 is lying. If the stock manages to close above these levels then the stock can move to the levels of 260 to 262.

Broad range for the stock in coming week is seen between 240 to 242 on downside and 260 to 262 on upside.

ITC Outlook for the Week (January 09, 2017 – January 13, 2017)

EquityPandit’s Outlook for ITC for the week (January 09, 2017 – January 13, 2017) :

ITC:

 

itc

 

ITC closed the week on positive note gaining around 0.40%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 244 to 246. Resistance for the stock lies in the zone of 250 to 252 where trend-line joining highs of 266 and 260 is lying. If the stock manages to close above these levels then the stock can move to the levels of 260 to 262. During the week the stock manages to hit a high of 249 and close the week around the levels of 243.

Minor support for the stock lies in the zone of 239 to 241. Support for the stock lies in the zone of 235 to 237 where 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 225 to 227.

Minor resistance for the stock lies in the zone of 244 to 246. Resistance for the stock lies in the zone of 250 to 252 where trend-line joining highs of 266 and 260 is lying. If the stock manages to close above these levels then the stock can move to the levels of 260 to 262.

Broad range for the stock in coming week is seen between 230 to 232 on downside and 250 to 252 on upside.

ITC Outlook for the Week (January 02, 2017 – January 06, 2017)

EquityPandit’s Outlook for ITC for the week (January 02, 2017 – January 06, 2017) :

ITC:

 

itc

 

ITC closed the week on positive note gaining around 7.50%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 230. Resistance for the stock lies in the zone of 233 to 235 from where the stock has broken down from the bearish H & S pattern and 200 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 240. During the week the stock manages to hit a high of 242 and close the week around the levels of 242.

Support for the stock lies in the zone of 235 to 237 where 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 225 to 227.

Minor resistance for the stock lies in the zone of 244 to 246. Resistance for the stock lies in the zone of 250 to 252 where trend-line joining highs of 266 and 260 is lying. If the stock manages to close above these levels then the stock can move to the levels of 260 to 262.

Broad range for the stock in coming week is seen between 230 to 232 on downside and 250 to 252 on upside.

ITC Outlook for the Week (December 26, 2016 – December 30, 2016)

EquityPandit’s Outlook for ITC for the week (December 26, 2016 – December 30, 2016) :

ITC:

 

itc

 

ITC closed the week on negative note losing around 0.70%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 230. Resistance for the stock lies in the zone of 233 to 235 from where the stock has broken down from the bearish H & S pattern and 200 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 240. During the week the stock manages to hit a high of 231 and close the week around the levels of 225.

Support for the stock lies in the zone of 225 to 227 from where the stock broke out of the consolidation zone from December-2015 to May-2016. If the stock manages to close below these levels then the stock can drift to the levels of 220.

Minor resistance for the stock lies in the zone of 230. Resistance for the stock lies in the zone of 233 to 235 from where the stock has broken down from the bearish H & S pattern and 200 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 240.

Broad range for the stock in coming week is seen between 218 to 220 on downside and 231 to 233 on upside.

ITC Outlook for the Week (December 19, 2016 – December 23, 2016)

EquityPandit’s Outlook for ITC for the week (December 19, 2016 – December 23, 2016) :

ITC:

 

itc

 

ITC closed the week on negative note losing around 4.10%.

As we have mentioned last week that support for the stock lies in the zone of 230 to 232. Support for the stock lies in the zone of 225 to 227 from where the stock broke out of the consolidation zone from December-2015 to May-2016. If the stock manages to close below these levels then the stock can drift to the levels of 200. During the week the stock manages to hit a low of 226 and close the week around the levels of 227.

Support for the stock lies in the zone of 225 to 227 from where the stock broke out of the consolidation zone from December-2015 to May-2016. If the stock manages to close below these levels then the stock can drift to the levels of 220.

Minor resistance for the stock lies in the zone of 230. Resistance for the stock lies in the zone of 233 to 235 from where the stock has broken down from the bearish H & S pattern and 200 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 240.

Broad range for the stock in coming week is seen between 220 to 222 on downside and 233 to 235 on upside.

ITC Outlook for the Week (December 12, 2016 – December 16, 2016)

EquityPandit’s Outlook for ITC for the week (December 12, 2016 – December 16, 2016) :

ITC:

 

itc

 

ITC closed the week on positive note gaining around 3.30%.

As we have mentioned last week that resistance for the stock lies in the zone of 232 to 234 where 200 Daily SMA and the lows of October-2016 are lying. If the stock manages to close above these levels then the stock can move to the levels of 240 to 243 where medium term moving averages are lying. During the week the stock manages to hit a high of 240 and close the week around the levels of 236.

Support for the stock lies in the zone of 230 to 232. Support for the stock lies in the zone of 225 to 227 from where the stock broke out of the consolidation zone from December-2015 to May-2016. If the stock manages to close below these levels then the stock can drift to the levels of 200.

Resistance for the stock lies in the zone of 240 to 243 where medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 250 to 252.

Broad range for the stock in coming week is seen between 224 to 226 on downside and 242 to 244 on upside.

ITC Outlook for the Week (December 05, 2016 – December 09, 2016)

EquityPandit’s Outlook for ITC for the week (December 05, 2016 – December 09, 2016) :

ITC:

 

itc

 

ITC closed the week on absolutely flat note.

As we have mentioned last week that resistance for the stock lies in the zone of 232 to 234 where 200 Daily SMA and the lows of October-2016 are lying. If the stock manages to close above these levels then the stock can move to the levels of 240 to 243 where medium term moving averages are lying. During the week the stock manages to hit a high of 236 and close the week around the levels of 229.

Support for the stock lies in the zone of 225 to 227 from where the stock broke out of the consolidation zone from December-2015 to May-2016. If the stock manages to close below these levels then the stock can drift to the levels of 200.

Resistance for the stock lies in the zone of 232 to 234 where 200 Daily SMA and the lows of October-2016 are lying. If the stock manages to close above these levels then the stock can move to the levels of 240 to 243 where medium term moving averages are lying.

Broad range for the stock in coming week is seen between 220 to 222 on downside and 234 to 236 on upside.

ITC Outlook for the Week (November 28, 2016 – December 02, 2016)

EquityPandit’s Outlook for ITC for the week (November 28, 2016 – December 02, 2016) :

ITC:

 

itc

 

ITC closed the week on positive note gaining around 0.40%.

As we have mentioned last week that resistance for the stock lies in the zone of 232 to 234 where 200 Daily SMA and the lows of October-2016 are lying. If the stock manages to close above these levels then the stock can move to the levels of 240 to 243 where medium term moving averages are lying. During the week the stock manages to hit a high of 230 and close the week around the levels of 229.

Support for the stock lies in the zone of 225 to 227 from where the stock broke out of the consolidation zone from December-2015 to May-2016. If the stock manages to close below these levels then the stock can drift to the levels of 200.

Resistance for the stock lies in the zone of 232 to 234 where 200 Daily SMA and the lows of October-2016 are lying. If the stock manages to close above these levels then the stock can move to the levels of 240 to 243 where medium term moving averages are lying.

Broad range for the stock in coming week is seen between 218 to 220 on downside and 234 to 236 on upside.

ITC Outlook for the Week (November 21, 2016 – November 25, 2016)

EquityPandit’s Outlook for ITC for the week (November 21, 2016 – November 25, 2016) :

ITC:

 

itc

 

ITC closed the week on negative note losing around 6.20%.

As we have mentioned last week that minor support for the stock lies in the zone of 236 to 238. Support for the stock lies in the zone of 230 to 233 where 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 225 to 227 from where the stock broke out of the consolidation zone from December-2015 to May-2016. During the week the stock manages to hit a low of 227 and close the week around the levels of 228.

Support for the stock lies in the zone of 225 to 227 from where the stock broke out of the consolidation zone from December-2015 to May-2016. If the stock manages to close below these levels then the stock can drift to the levels of 200.

Resistance for the stock lies in the zone of 232 to 234 where 200 Daily SMA and the lows of October-2016 are lying. If the stock manages to close above these levels then the stock can move to the levels of 240 to 243 where medium term moving averages are lying.

Broad range for the stock in coming week is seen between 218 to 220 on downside and 234 to 236 on upside.

ITC Outlook for the Week (November 15, 2016 – November 18, 2016)

EquityPandit’s Outlook for ITC for the week (November 15, 2016 – November 18, 2016) :

ITC:

 

itc

 

ITC closed the week on negative note losing around 2.40%.

As we have mentioned last week that support for the stock lies in the zone of 244 to 246 where the stock broke out of the October – 2016 top. If the stock manages to close below these levels then the stock can drift to the levels of 230 to 235 where 200 Daily SMA is lying. During the week the stock manages to hit a high of 260 and close the week around the levels of 243.

Minor support for the stock lies in the zone of 236 to 238. Support for the stock lies in the zone of 230 to 233 where 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 225 to 227 from where the stock broke out of the consolidation zone from December-2015 to May-2016.

Resistance for the stock lies in the zone of 248 to 250. If the stock manages to close above these levels then the stock can move to the levels of 260 to 262.

Broad range for the stock in coming week is seen between 230 to 232 on downside and 250 to 252 on upside.

ITC Outlook for the Week (November 07, 2016 – November 11, 2016)

EquityPandit’s Outlook for ITC for the week (November 07, 2016 – November 11, 2016) :

ITC:

 

itc

 

ITC closed the week on positive note gaining around 3.10%.

As we have mentioned last week that minor support for the stock lies in the zone of 235. Support for the stock lies in the zone of 228 to 231 where long term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 220 to 225. During the week the stock manages to hit a low of 235 and close the week around the levels of 249.

Support for the stock lies in the zone of 244 to 246 where the stock broke out of the October – 2016 top. If the stock manages to close below these levels then the stock can drift to the levels of 230 to 235 where 200 Daily SMA is lying.

Resistance for the stock lies in the zone of 248 to 250 from where the stock has broken down from the lows of September – 2016. If the stock manages to close above these levels then the stock can move to the levels of 256 to 260.

Broad range for the stock in coming week is seen between 240 to 242 on downside and 260 to 262 on upside.

ITC Outlook for the Week (November 01, 2016 – November 04, 2016)

EquityPandit’s Outlook for ITC for the week (November 01, 2016 – November 04, 2016) :

ITC:

 

itc

 

ITC closed the week on positive note gaining around 1.20%.

As we have mentioned last week that minor support for the stock lies in the zone of 235. Support for the stock lies in the zone of 228 to 231 where long term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 220 to 225. During the week the stock manages to hit a low of 233 and close the week around the levels of 243.

Minor support for the stock lies in the zone of 235. Support for the stock lies in the zone of 228 to 231 where long term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 220 to 225.

Minor resistance for the stock lies in the zone of 244 to 246 where medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 248 to 250 from where the stock has broken down from the lows of September – 2016.

Broad range for the stock in coming week is seen between 232 to 235 on downside and 250 to 252 on upside.

ITC Outlook for the Week (October 24, 2016 – October 28, 2016)

EquityPandit’s Outlook for ITC for the week (October 24, 2016 – October 28, 2016) :

ITC:

 

itc

 

ITC closed the week on positive note gaining around 0.10%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 244 to 246 where medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 248 to 250 where short term moving averages are lying. During the week the stock manages to hit a high of 247 and close the week around the levels of 240.

Minor support for the stock lies in the zone of 235. Support for the stock lies in the zone of 228 to 231 where long term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 220 to 225.

Minor resistance for the stock lies in the zone of 244 to 246 where medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 248 to 250 from where the stock has broken down from the lows of September – 2016.

Broad range for the stock in coming week is seen between 232 to 235 on downside and 247 to 249 on upside.

ITC Outlook for the Week (October 17, 2016 – October 21, 2016)

EquityPandit’s Outlook for ITC for the week (October 17, 2016 – October 21, 2016) :

ITC:

 

itc

 

ITC closed the week on positive note gaining around 0.40%.

As we have mentioned last week that minor support for the stock lies in the zone of 235. Support for the stock lies in the zone of 228 to 231 where long term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 220 to 225. During the week the stock manages to hit a low of 237 and close the week around the levels of 240.

Minor support for the stock lies in the zone of 235. Support for the stock lies in the zone of 228 to 231 where long term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 220 to 225.

Minor resistance for the stock lies in the zone of 244 to 246 where medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 248 to 250 where short term moving averages are lying.

Broad range for the stock in coming week is seen between 230 to 232 on downside and 245 to 247 on upside.

ITC Outlook for the Week (October 10, 2016 – October 14, 2016)

EquityPandit’s Outlook for ITC for the week (October 10, 2016 – October 14, 2016) :

ITC:

 

itc

 

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

As we have mentioned last week that minor resistance for the stock lies in the zone of 245 where medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 250 to 252 where short term moving averages are lying. During the week the stock manages to hit a high of 244 and close the week around the levels of 239.

Minor support for the stock lies in the zone of 235. Support for the stock lies in the zone of 228 to 231 where long term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 220 to 225.

Minor resistance for the stock lies in the zone of 245 where medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 250 to 252 where short term moving averages are lying.

Broad range for the stock in coming week is seen between 230 to 232 on downside and 245 to 247 on upside.

 

 

ITC Outlook for the Week (October 03, 2016 – October 07, 2016)

EquityPandit’s Outlook for ITC for the week (October 03, 2016 – October 07, 2016) :

ITC:

 

itc

 

ITC closed the week on negative note losing around 4.80%.

As we have mentioned last week that support for the stock lies in the zone of 250 to 252 where short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 244 to 246 where medium term moving averages are lying and the stock has bounced couple of times from these levels in the month of July – 2016 and August – 2016. During the week the stock manages to hit a low of 240 and close the week around the levels of 241.

Minor support for the stock lies in the zone of 235. Support for the stock lies in the zone of 228 to 231 where long term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 220 to 225.

Minor resistance for the stock lies in the zone of 245 where medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 250 to 252 where short term moving averages are lying.

Broad range for the stock in coming week is seen between 232 to 234 on downside and 248 to 250 on upside.

ITC Outlook for the Week (September 26, 2016 – September 30, 2016)

EquityPandit’s Outlook for ITC for the week (September 26, 2016 – September 30, 2016) :

ITC:

 

itc

 

ITC closed the week on negative note losing around 2.70%.

As we have mentioned last week that minor support for the stock lies in the zone of 255 to 257. Support for the stock lies in the zone of 250 to 252 where short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 237 to 240 where medium term moving averages are lying. During the week the stock manages to hit a low of 252 and close the week around the levels of 253.

Support for the stock lies in the zone of 250 to 252 where short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 244 to 246 where medium term moving averages are lying and the stock has bounced couple of times from these levels in the month of July – 2016 and August – 2016.

Minor resistance for the stock lies in the zone of 256 to 258. Resistance for the stock lies in the zone of 264 to 266. If the stock manages to close above these levels then the stock can move to the levels of 280 where life time high for the stock is lying.

Broad range for the stock in coming week is seen between 242 to 244 on downside and 262 to 264 on upside.

ITC Outlook for the Week (September 19, 2016 – September 23, 2016)

EquityPandit’s Outlook for ITC for the week (September 19, 2016 – September 23, 2016) :

ITC:

 

itc

 

ITC closed the week on positive note gaining around 0.80%.

As we have mentioned last week that support for the stock lies in the zone of 250 to 252 where short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 237 to 240 where medium term moving averages are lying. During the week the stock manages to hit a low of 250 and close the week around the levels of 260.

Minor support for the stock lies in the zone of 255 to 257. Support for the stock lies in the zone of 250 to 252 where short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 237 to 240 where medium term moving averages are lying.

Resistance for the stock lies in the zone of 264 to 266. If the stock manages to close above these levels then the stock can move to the levels of 280 where life time high for the stock is lying.

Broad range for the stock in coming week is seen between 252 to 254 on downside and 270 to 273 on upside.

ITC Outlook for the Week (September 12, 2016 – September 16, 2016)

EquityPandit’s Outlook for ITC for the week (September 12, 2016 – September 16, 2016) :

ITC:

 

itc

 

ITC closed the week on negative note losing around 1.70%.

As we have mentioned last week that minor support for the stock lies in the zone of 258 to 260. Support for the stock lies in the zone of 248 to 250 where short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 237 to 240 where medium term moving averages are lying. During the week the stock manages to hit a low of 257 and close the week around the levels of 258.

Support for the stock lies in the zone of 250 to 252 where short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 237 to 240 where medium term moving averages are lying.

Resistance for the stock lies in the zone of 264 to 266. If the stock manages to close above these levels then the stock can move to the levels of 280 where life time high for the stock is lying.

Broad range for the stock in coming week is seen between 248 to 250 on downside and 270 to 273 on upside.

ITC Outlook for the Week (September 06, 2016 – September 09, 2016)

EquityPandit’s Outlook for ITC for the week (September 06, 2016 – September 09, 2016) :

ITC:

 

itc

 

ITC closed the week on positive note gaining around 3.60%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 258 to 262. Resistance for the stock lies in the zone of 280 where life time high for the stock is lying. During the week the stock manages to hit a high of 264 and close the week around the levels of 263.

Minor support for the stock lies in the zone of 258 to 260. Support for the stock lies in the zone of 248 to 250 where short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 237 to 240 where medium term moving averages are lying.

Resistance for the stock lies in the zone of 280 where life time high for the stock is lying.

Broad range for the stock in coming week is seen between 255 to 258 on downside and 270 to 273 on upside.

ITC Outlook for the Week (August 29, 2016 – September 02, 2016)

EquityPandit’s Outlook for ITC for the week (August 29, 2016 – September 02, 2016) :

ITC:

 

ITC

 

ITC closed the week on positive note gaining around 1.10%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 258 to 262. Resistance for the stock lies in the zone of 280 where life time high for the stock is lying. During the week the stock manages to hit a high of 255 and close the week around the levels of 254.

Support for the stock lies in the zone of 245 to 248 where short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 237 to 240 where medium term moving averages are lying.

Minor resistance for the stock lies in the zone of 258 to 262. Resistance for the stock lies in the zone of 280 where life time high for the stock is lying.

Broad range for the stock in coming week is seen between 240 to 242 on downside and 260 to 263 on upside.

ITC Outlook for the Week (August 22, 2016 – August 26, 2016)

EquityPandit’s Outlook for ITC for the week (August 22, 2016 – August 26, 2016):

ITC:

 

itc

 

ITC closed the week on negative note losing around 1.20%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 258 to 262. Resistance for the stock lies in the zone of 280 where life time high for the stock is lying. During the week the stock manages to hit a high of 258 and close the week around the levels of 251.

Support for the stock lies in the zone of 242 to 245 where short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 235 to 237 where medium term moving averages are lying.

Minor resistance for the stock lies in the zone of 258 to 262. Resistance for the stock lies in the zone of 280 where life time high for the stock is lying.

Broad range for the stock in coming week is seen between 240 to 242 on downside and 260 to 263 on upside.

ITC Outlook for the Week (August 16, 2016 – August 19, 2016)

EquityPandit’s Outlook for ITC for the week (August 16, 2016 – August 19, 2016):

ITC:

 

itc

 

ITC closed the week on positive note gaining around 0.60%.

As we have mentioned last week that support for the stock lies in the zone of 240 to 245 where short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 230 to 233 where medium term moving averages are lying. During the week the stock manages to hit a low of 246 and close the week around the levels of 254.

Support for the stock lies in the zone of 240 to 245 where short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 230 to 233 where medium term moving averages are lying.

Minor resistance for the stock lies in the zone of 258 to 262. Resistance for the stock lies in the zone of 280 where life time high for the stock is lying.

Broad range for the stock in coming week is seen between 240 to 242 on downside and 260 to 263 on upside.

ITC Outlook for the Week (August 08, 2016 – August 12, 2016)

EquityPandit’s Outlook for ITC for the week (August 08, 2016 – August 12, 2016):

ITC:

 

itc

 

ITC closed the week on absolutely flat note.

As we have mentioned last week that minor resistance for the stock lies in the zone of 255 to 260. Resistance for the stock lies in the zone of 280 where life time high for the stock is lying. During the week the stock manages to hit a high of 262 and close the week around the levels of 253.

Support for the stock lies in the zone of 240 to 245 where short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 230 to 233 where medium term moving averages are lying.

Minor resistance for the stock lies in the zone of 258 to 262. Resistance for the stock lies in the zone of 280 where life time high for the stock is lying.

Broad range for the stock in coming week is seen between 240 to 242 on downside and 260 to 263 on upside.

ITC Outlook for the Week (August 01, 2016 – August 05, 2016)

EquityPandit’s Outlook for ITC for the week (August 01, 2016 – August 05, 2016):

ITC:

 

itc

 

ITC closed the week on positive note gaining around 1.00%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 255 to 260. Resistance for the stock lies in the zone of 280 where life time high for the stock is lying. During the week the stock manages to hit a high of 256 and close the week around the levels of 252.

Support for the stock lies in the zone of 237 to 240 where short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 225 to 230 where long term moving averages are lying.

Minor resistance for the stock lies in the zone of 255 to 260. Resistance for the stock lies in the zone of 280 where life time high for the stock is lying.

Broad range for the stock in coming week is seen between 237 to 240 on downside and 260 to 263 on upside.

ITC Outlook for the Week (July 25, 2016 – July 29, 2016)

EquityPandit’s Outlook for ITC for the week (July 25, 2016 – July 29, 2016):

ITC:

 

ITC

 

ITC closed the week on positive note gaining around 0.40%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 255 to 260. Resistance for the stock lies in the zone of 280 where life time high for the stock is lying. During the week the stock manages to hit a high of 256 and close the week around the levels of 250.

Support for the stock lies in the zone of 237 to 240 where short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 225 to 230 where long term moving averages are lying.

Minor resistance for the stock lies in the zone of 255 to 260. Resistance for the stock lies in the zone of 280 where life time high for the stock is lying.

Broad range for the stock in coming week is seen between 237 to 240 on downside and 260 to 263 on upside.

ITC Outlook for the Week (July 18, 2016 – July 22, 2016)

EquityPandit’s Outlook for ITC for the week (July 18, 2016 – July 22, 2016):

ITC:

 

itc

 

ITC closed the week on positive note gaining around 1.20%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 255 to 260. Resistance for the stock lies in the zone of 280 where life time high for the stock is lying. During the week the stock manages to hit a high of 253 and close the week around the levels of 249.

Support for the stock lies in the zone of 237 to 240 where short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 225 to 230 where long term moving averages are lying.

Minor resistance for the stock lies in the zone of 255 to 260. Resistance for the stock lies in the zone of 280 where life time high for the stock is lying.

Broad range for the stock in coming week is seen between 237 to 240 on downside and 260 to 263 on upside.

ITC Outlook for the Week (July 11, 2016 – July 15, 2016)

EquityPandit’s Outlook for ITC for the week (July 11, 2016 – July 15, 2016):

ITC:

 

itc

 

ITC closed the week on negative note losing around 2.60%.

As we have mentioned last week that support for the stock lies in the zone of 237 to 240 where short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 225 to 230 where long term moving averages are lying. During the week the stock manages to hit a low of 242 and close the week around the levels of 246.

Support for the stock lies in the zone of 237 to 240 where short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 225 to 230 where long term moving averages are lying.

Minor resistance for the stock lies in the zone of 255 to 260. Resistance for the stock lies in the zone of 280 where life time high for the stock is lying.

Broad range for the stock in coming week is seen between 237 to 240 on downside and 260 to 263 on upside.

ITC Outlook for the Week (July 04, 2016 – July 08, 2016)

EquityPandit’s Outlook for ITC for the week (July 04, 2016 – July 08, 2016):

ITC:

 

ITC

 

ITC closed the week on positive note gaining around 4.00%.

Support for the stock lies in the zone of 237 to 240 where short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 225 to 230 where long term moving averages are lying.

Minor resistance for the stock lies in the zone of 260. Resistance for the stock lies in the zone of 280 where life time high for the stock is lying.

Broad range for the stock in coming week is seen between 237 to 240 on downside and 265 to 268 on upside.

ITC Outlook for the Week (June 27, 2016 – July 01, 2016)

EquityPandit’s Outlook for ITC for the week (June 27, 2016 – July 01, 2016):

ITC:

 

itc

 

ITC closed the week on negative note losing around 1.60%.

As we have mentioned last week that minor support for the stock lies in the zone of 345 where short term moving averages are lying. Support for the stock lies in the zone of 340 where 500 Daily SMA and 100 Weekly SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 325 to 330 where short term moving averages and 200 Daily SMA is lying. During the week the stock manages to hit a low of 350 and close the week around the levels of 354.

Minor support for the stock lies in the zone of 345 where short term moving averages are lying. Support for the stock lies in the zone of 340 where 500 Daily SMA and 100 Weekly SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 325 to 330 where short term moving averages and 200 Daily SMA is lying.

Resistance for the stock lies in the zone of 365 where the stock has formed a short term top. If the stock manages to close above these levels then the stock can move to the levels of 380.

Broad range for the stock in coming week is seen between 340 to 345 on downside and 375 to 380 on upside.

ITC Outlook for the Week (June 20, 2016 – June 24, 2016)

EquityPandit’s Outlook for ITC for the week (June 20, 2016 – June 24, 2016):

ITC:

 

itc

 

ITC closed the week on positive note gaining around 2.60%.

As we have mentioned last week that resistance for the stock lies in the zone of 355 to 360 from where the stock sold off in the month of Oct – 2015. If the stock manages to close above these levels then the stock can move to the levels of 380. During the week the stock manages to hit a high of 361 and close the week around the levels of 360.

Minor support for the stock lies in the zone of 345 where short term moving averages are lying. Support for the stock lies in the zone of 340 where 500 Daily SMA and 100 Weekly SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 325 to 330 where short term moving averages and 200 Daily SMA is lying.

Resistance for the stock lies in the zone of 365 where the stock has formed a short term top. If the stock manages to close above these levels then the stock can move to the levels of 380.

Broad range for the stock in coming week is seen between 340 to 345 on downside and 375 to 380 on upside.

ITC Outlook for the Week (June 13, 2016 – June 17, 2016)

EquityPandit’s Outlook for ITC for the week (June 13, 2016 – June 17, 2016):

ITC:

 

itc

 

ITC closed the week on negative note losing around 0.90%.

As we have mentioned last week that minor support for the stock lies in the zone of 350. Support for the stock lies in the zone of 340 where 500 Daily SMA and 100 Weekly SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 325 to 330 where short term moving averages and 200 Daily SMA is lying. During the week the stock manages to hit a low of 350 and close the week around the levels of 351.

Minor support for the stock lies in the zone of 350. Support for the stock lies in the zone of 340 where 500 Daily SMA and 100 Weekly SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 325 to 330 where short term moving averages and 200 Daily SMA is lying.

Resistance for the stock lies in the zone of 355 to 360 from where the stock sold off in the month of Oct – 2016. If the stock manages to close above these levels then the stock can move to the levels of 380.

Broad range for the stock in coming week is seen between 335 to 340 on downside and 365 to 370 on upside.

ITC Outlook for the Week (June 06, 2016 – June 10, 2016)

EquityPandit’s Outlook for ITC for the week (June 06, 2016 – June 10, 2016):

ITC:

 

ITC

 

ITC closed the week on negative note losing around 1.50%.

As we have mentioned last week that resistance for the stock lies in the zone of 355 to 360 from where the stock sold off in the month of Oct – 2016. If the stock manages to close above these levels then the stock can move to the levels of 380. During the week the stock manages to hit a high of 362 and close the week around the levels of 354.

Minor support for the stock lies in the zone of 350. Support for the stock lies in the zone of 340 where 500 Daily SMA and 100 Weekly SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 325 to 330 where short term moving averages and 200 Daily SMA is lying.

Resistance for the stock lies in the zone of 355 to 360 from where the stock sold off in the month of Oct – 2016. If the stock manages to close above these levels then the stock can move to the levels of 380.

Broad range for the stock in coming week is seen between 335 to 340 on downside and 365 to 370 on upside.

ITC Outlook for the Week (May 30, 2016 – June 03, 2016)

EquityPandit’s Outlook for ITC for the week (May 30, 2016 – June 03, 2016):

ITC:

 

itc

 

ITC closed the week on positive note gaining around 8.80%.

As we have mentioned last week that resistance for the stock lies in the zone of 340 where 500 Daily SMA and 100 Weekly SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 355 to 360 from where the stock sold off in the month of Oct – 2016. During the week the stock manages to hit a high of 364 and close the week around the levels of 359.

Support for the stock lies in the zone of 340 where 500 Daily SMA and 100 Weekly SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 325 to 330 where short term moving averages and 200 Daily SMA is lying.

Resistance for the stock lies in the zone of 355 to 360 from where the stock sold off in the month of Oct – 2016. If the stock manages to close above these levels then the stock can move to the levels of 380.

Broad range for the stock in coming week is seen between 335 to 340 on downside and 375 to 380 on upside.

ITC Outlook for the Week (May 23, 2016 – May 27, 2016)

EquityPandit’s Outlook for ITC for the week (May 23, 2016 – May 27, 2016):

ITC:

 

itc

 

ITC closed the week on positive note gaining around 3.40%.

As we have mentioned last week that resistance for the stock lies in the zone of 320 to 325 where short term moving averages and 100 & 200 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 340 where 500 Daily SMA and 100 Weekly SMA is lying. During the week the stock manages to hit a high of 339 and close the week around the levels of 330.

Support for the stock lies in the zone of 320 to 325 where short term moving averages and 100 & 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 300 to 310 where the stock had opened a gap up on 01-03-2016.

Resistance for the stock lies in the zone of 340 where 500 Daily SMA and 100 Weekly SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 355 to 360 from where the stock sold off in the month of Oct – 2016.

Broad range for the stock in coming week is seen between 320 to 325 on downside and 345 to 350 on upside.

ITC Outlook for the Week (May 16, 2016 – May 20, 2016)

EquityPandit’s Outlook for ITC for the week (May 16, 2016 – May 20, 2016):

ITC:

 

itc

 

ITC closed the week on positive note gaining around 0.50%.

As we have mentioned last week that resistance for the stock lies in the zone of 320 to 325 where short term moving averages and 100 & 200 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 340 where 500 Daily SMA and 100 Weekly SMA is lying. During the week the stock manages to hit a high of 326 and close the week around the levels of 319.

Support for the stock lies in the zone of 300 to 310 where the stock had opened a gap up on 01-03-2016. If the stock manages to close below these levels then the stock can drift to the levels of 280.

Resistance for the stock lies in the zone of 320 to 325 where short term moving averages and 100 & 200 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 340 where 500 Daily SMA and 100 Weekly SMA is lying.

Broad range for the stock in coming week is seen between 300 to 305 on downside and 325 to 330 on upside.

ITC Outlook for the Week (May 09, 2016 – May 13, 2016)

EquityPandit’s Outlook for ITC for the week (May 09, 2016 – May 13, 2016):

ITC:

 

itc

 

ITC closed the week on negative note losing around 2.20%.

As we have mentioned last week that support for the stock lies in the zone of 315 to 320 where 100, 200 & 1000 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 295 to 300 where the stock had opened a gap up on 01-03-2016. During the week the stock manages to hit a low of 306 and close the week around the levels of 318.

Support for the stock lies in the zone of 295 to 300 where the stock had opened a gap up on 01-03-2016. If the stock manages to close below these levels then the stock can drift to the levels of 280.

Resistance for the stock lies in the zone of 320 to 325 where short term moving averages and 100 & 200 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 340 where 500 Daily SMA and 100 Weekly SMA is lying.

Broad range for the stock in coming week is seen between 300 to 305 on downside and 325 to 330 on upside.

ITC Outlook for the Week (May 02, 2016 – May 06, 2016)

EquityPandit’s Outlook for ITC for the week (May 02, 2016 – May 06, 2016):

ITC:

 

ITC

 

ITC closed the week on absolutely flat note.

As we have mentioned last week that the stock has closed around the strong support zone of 315 to 320 where 100, 200 & 1000 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 295 to 300 where the stock had opened a gap up on 01-03-2016. During the week the stock manages to hit a low of 312 and close the week around the levels of 325.

Support for the stock lies in the zone of 315 to 320 where 100, 200 & 1000 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 295 to 300 where the stock had opened a gap up on 01-03-2016.

Resistance for the stock lies in the zone of 340 where 500 Daily SMA and 100 Weekly SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 350 to 360 from where the stock has broken down in the month of Dec – 2015.

Broad range for the stock in coming week is seen between 310 to 315 on downside and 345 to 350 on upside.

ITC Outlook for the Week (April 25, 2016 – April 29, 2016)

EquityPandit’s Outlook for ITC for the week (April 25, 2016 – April 29, 2016):

ITC:

 

ITC

 

ITC closed the week on negative note losing around 1.60%.

As we have mentioned last week that resistance for the stock lies in the zone of 340 where 500 Daily SMA and 100 Weekly SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 350 to 360 from where the stock has broken down in the month of Dec – 2015. During the week the stock manages to hit a high of 338 and close the week around the levels of 326.

The stock has closed around the strong support zone of 315 to 320 where 100, 200 & 1000 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 295 to 300 where the stock had opened a gap up on 01-03-2016.

Resistance for the stock lies in the zone of 340 where 500 Daily SMA and 100 Weekly SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 350 to 360 from where the stock has broken down in the month of Dec – 2015.

Broad range for the stock in coming week is seen between 310 to 315 on downside and 345 to 350 on upside.

ITC Outlook for the Week (April 18, 2016 – April 22, 2016)

EquityPandit’s Outlook for ITC for the week (April 18, 2016 – April 22, 2016):

ITC:

 

ITC

 

ITC closed the week on positive note gaining around 3.10%.

As we have mentioned last week that the stock has closed around the strong support zone of 315 to 320 where 100, 200 & 1000 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 295 to 300 where the stock had opened a gap up on 01-03-2016. During the week the stock manages to hit a low of 317 and close the week around the levels of 331.

The stock has closed around the strong support zone of 315 to 320 where 100, 200 & 1000 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 295 to 300 where the stock had opened a gap up on 01-03-2016.

Resistance for the stock lies in the zone of 340 where 500 Daily SMA and 100 Weekly SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 350 to 360 from where the stock has broken down in the month of Dec – 2015.

Broad range for the stock in coming week is seen between 310 to 315 on downside and 345 to 350 on upside.

ITC Outlook for the Week (April 11, 2016 – April 13, 2016)

EquityPandit’s Outlook for ITC for the week (April 11, 2016 – April 13, 2016):

ITC:

 

ITC

 

ITC closed the week on negative note losing around 4.40%.

As we have mentioned last week that support for the stock lies in the zone of 315 to 320 where 100, 200 & 1000 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 295 to 300 where the stock had opened a gap up on 01-03-2016. During the week the stock manages to hit a low of 319 and close the week around the levels of 321.

The stock has closed around the strong support zone of 315 to 320 where 100, 200 & 1000 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 295 to 300 where the stock had opened a gap up on 01-03-2016.

Minor resistance for the stock lies in the zone of 325. Resistance for the stock lies in the zone of 340 where 500 Daily SMA and 100 Weekly SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 350 to 360 from where the stock has broken down in the month of Dec – 2015.

Broad range for the stock in coming week is seen between 310 to 315 on downside and 340 to 345 on upside.

ITC Outlook for the Week (April 04, 2016 – April 08, 2016)

EquityPandit’s Outlook for ITC for the week (April 04, 2016 – April 08, 2016):

ITC:

 

ITC

 

ITC closed the week on positive note gaining around 3.60%.

As we have mentioned last week that support for the stock lies in the zone of 315 to 320 where 100, 200 & 1000 Daily SMA is lying. If the stock manages to close below this levels then the stock can drift to the levels of 295 to 300 where the stock had opened a gap up on 01-03-2016. During the week the stock manages to hit a low of 319 and bounce to close the week around the levels of 336.

Support for the stock lies in the zone of 315 to 320 where 100, 200 & 1000 Daily SMA is lying. If the stock manages to close below this levels then the stock can drift to the levels of 295 to 300 where the stock had opened a gap up on 01-03-2016.

Resistance for the stock lies in the zone of 340 where 500 Daily SMA and 100 Weekly SMA is lying. If the stock manages to close above this levels then the stock can move to the levels of 350 to 360 from where the stock has broken down in the month of Dec – 2015.

Broad range for the stock in coming week is seen between 315 to 320 on downside and 340 to 345 on upside.

ITC Outlook for the Week (March 28, 2016 – April 01, 2016)

EquityPandit’s Outlook for ITC for the week (March 28, 2016 – April 01, 2016):

ITC:

 

ITC

 

ITC closed the week on absolutely flat note.

As we have mentioned last week that resistance for the stock lies in the zone of 320 to 325 where 100 & 200 Daily SMA is lying. If the stock manages to close above this levels then the stock can move to the levels of 340 where 500 Daily SMA is lying. During the week the stock manages to hit a high of 336 and close the week around the levels of 325.

Support for the stock lies in the zone of 315 to 320 where 100, 200 & 1000 Daily SMA is lying. If the stock manages to close below this levels then the stock can drift to the levels of 295 to 300 where the stock had opened a gap up on 01-03-2016.

Resistance for the stock lies in the zone of 340 where 500 Daily SMA and 100 Weekly SMA is lying. If the stock manages to close above this levels then the stock can move to the levels of 350 to 360 from where the stock has broken down in the month of Dec – 2015.

Broad range for the stock in coming week is seen between 310 to 315 on downside and 340 to 345 on upside.

ITC Outlook for the Week (March 21, 2016 – March 23, 2016)

EquityPandit’s Outlook for ITC for the week (March 21, 2016 – March 23, 2016):

ITC:

 

ITC

 

ITC closed the week on positive note gaining around 0.70%.

As we have mentioned last week that support for the stock lies in the zone of 310 to 315 where short term moving averages are lying. If the stock manages to close below this levels then the stock can drift to the levels of 295 to 300 where the stock had opened a gap up on 01-03-2016. During the week the stock manages to hit a low of 315 and bounce to close the week around the levels of 324.

Support for the stock lies in the zone of 310 to 315 where short term moving averages are lying. If the stock manages to close below this levels then the stock can drift to the levels of 295 to 300 where the stock had opened a gap up on 01-03-2016.

Resistance for the stock lies in the zone of 320 to 325 where 100 & 200 Daily SMA is lying. If the stock manages to close above this levels then the stock can move to the levels of 340 where 500 Daily SMA is lying.

Broad range for the stock in coming week is seen between 310 to 315 on downside and 335 to 340 on upside.

ITC Outlook for the Week (March 14, 2016 – March 18, 2016)

EquityPandit’s Outlook for ITC for the week (March 14, 2016 – March 18, 2016):

 

ITC:

 

 

ITC

 

ITC closed the week on positive note gaining around 2.00%.

As we have mentioned last week that support for the stock lies in the zone of 310 to 315 where short term moving averages are lying. If the stock manages to close below this levels then the stock can drift to the levels of 295 to 300 where the stock had opened a gap up on 01-03-2016. During the week the stock manages to hit a low of 312.7 and bounce to close the week around the levels of 321.

Support for the stock lies in the zone of 310 to 315 where short term moving averages are lying. If the stock manages to close below this levels then the stock can drift to the levels of 295 to 300 where the stock had opened a gap up on 01-03-2016.

Resistance for the stock lies in the zone of 320 to 325 where 100 & 200 Daily SMA is lying. If the stock manages to close above this levels then the stock can move to the levels of 340 where 500 Daily SMA is lying.

Broad range for the stock in coming week is seen between 300 to 305 on downside and 330 to 340 on upside.

ITC Outlook for the Week (March 08, 2016 – March 11, 2016)

EquityPandit’s Outlook for ITC for the week (March 08, 2016 – March 11, 2016):

 

ITC:

 

ITC

 

ITC closed the week on positive note gaining around 8.30%.

As we have mentioned last week that the stock has closed around the support zone of 290 to 295 where the stock had made a medium term bottom. If the stock manages to close below this levels on weekly basis then the stock will break down from the major support channel in which the stock is moving since August – 2013. A close below this levels can trigger a freefall in the stock and no major support is visible and stock can drift to the levels of 270. During the week the stock manages to hit a low of 268 and bounce to close the week around the levels of 315.

Support for the stock lies in the zone of 310 to 315 where short term moving averages are lying. If the stock manages to close below this levels then the stock can drift to the levels of 295 to 300 where the stock had opened a gap up on 01-03-2016.

Resistance for the stock lies in the zone of 320 to 325 where 100 & 200 Daily SMA is lying. If the stock manages to close above this levels then the stock can move to the levels of 340 where 500 Daily SMA is lying.

Broad range for the stock in coming week is seen between 300 to 305 on downside and 325 to 330 on upside.

ITC Outlook for the Week (February 29, 2016 – March 04, 2016)

EquityPandit’s Outlook for ITC for the week (February 29, 2016 – March 04, 2016):

 

ITC:

 

ITC

 

ITC closed the week on negative note losing around 4.50%.

As we have mentioned last week that support for the stock lies in the zone of 290 to 295 where the stock had made a medium term bottom. If the stock manages to close below this levels on weekly basis then the stock will break down from the major support channel in which the stock is moving since August – 2013. During the week the stock manages to hit a low of 284 and close the week around the levels of 291.

The stock has closed around the support zone of 290 to 295 where the stock had made a medium term bottom. If the stock manages to close below this levels on weekly basis then the stock will break down from the major support channel in which the stock is moving since August – 2013. A close below this levels can trigger a freefall in the stock and no major support is visible and stock can drift to the levels of 270.

Resistance for the stock lies in the zone of 300 to 305 from where the stock has broken down. If the stock manages to close above this levels then the stock can move to the levels of 315 where 1000 Daily SMA is lying.

Broad range for the stock in coming week is seen between 280 to 285 on downside and 300 to 305 on upside.

ITC Outlook for the Week (February 22, 2016 – February 26, 2016)

EquityPandit’s Outlook for ITC for the week (February 22, 2016 – February 26, 2016):

 

ITC:

 

ITC

 

ITC closed the week on positive note gaining around 1.50%.

As we have mentioned last week that support for the stock lies in the zone of 290 to 295 where the stock had made a medium term bottom. If the stock manages to close below this levels on weekly basis then the stock will break down from the major support channel in which the stock is moving since August – 2013. During the week the stock manages to hit a low of 289 and bounce to close the week around the levels of 305.

Support for the stock lies in the zone of 290 to 295 where the stock had made a medium term bottom. If the stock manages to close below this levels on weekly basis then the stock will break down from the major support channel in which the stock is moving since August – 2013. A close below this levels can trigger a freefall in the stock and no major support is visible and stock can drift to the levels of 270.

Resistance for the stock lies in the zone of 310 to 315 where 1000 Daily SMA is lying. If the stock manages to close above this levels then the stock can move to the levels of 325 to 330 where 100 & 200 Daily SMA are lying.

Broad range for the stock in coming week is seen between 285 to 290 on downside and 315 to 320 on upside.

ITC Outlook for the Week (February 15, 2016 – February 19, 2016)

EquityPandit’s Outlook for ITC for the week (February 15, 2016 – February 19, 2016):

 

ITC:

 

ITC

 

ITC closed the week on negative note losing around 7.40%.

As we have mentioned last week that support for the stock lies in the zone of 310 to 315 where 1000 Daily SMA and 200 Weekly SMA is positioned. If the stock closes below this levels then the stock can drift to the levels of 290 where the stock had made a medium term bottom. During the week the stock manages to hit a low of 297 and close the week around the levels of 300.

Support for the stock lies in the zone of 290 to 295 where the stock had made a medium term bottom. If the stock manages to close below this levels on weekly basis then the stock will break down from the major support channel in which the stock is moving since August – 2013. A close below this levels can trigger a freefall in the stock and no major support is visible and stock can drift to the levels of 270.

Resistance for the stock lies in the zone of 310 to 315 where 1000 Daily SMA is lying. If the stock manages to close above this levels then the stock can move to the levels of 325 to 330 where 100 & 200 Daily SMA are lying.

Broad range for the stock in coming week is seen between 285 to 290 on downside and 315 to 320 on upside.

ITC Outlook for the Week (February 08, 2016 – February 12, 2016)

EquityPandit’s Outlook for ITC for the week (February 08, 2016 – February 12, 2016):

 

ITC:

 

ITC

 

ITC closed the week on positive note gaining around 1.10%.

As we have mentioned last week that resistance for the stock lies in the zone of 325 to 330 where 100 & 200 Daily SMA are lying. If the stock closes above this levels then the stock can move to the levels of 340 where 500 Daily SMA and 100 Weekly SMA are positioned. During the week the stock manages to hit a high of 326 and close around the levels of 324.

Support for the stock lies in the zone of 310 to 315 where 1000 Daily SMA and 200 Weekly SMA is positioned. If the stock closes below this levels then the stock can drift to the levels of 290 where the stock had made a medium term bottom.

Resistance for the stock lies in the zone of 325 to 330 where 100 & 200 Daily SMA are lying. If the stock closes above this levels then the stock can move to the levels of 340 where 500 Daily SMA and 100 Weekly SMA are positioned.

Broad range for the stock in coming week is seen between 305 to 310 on downside and 330 to 335 on upside.

ITC Outlook for the Week (February 01, 2016 – February 05, 2016)

EquityPandit’s Outlook for ITC for the week (February 01, 2016 – February 05, 2016):

 

ITC:

 

ITC

 

ITC closed the week on positive note gaining around 3.70%.

As we have mentioned last week that resistance for the stock lies in the zone of 325 to 330 where 100 & 200 Daily SMA are lying. If the stock closes above this levels then the stock can move to the levels of 340 where 500 Daily SMA and 100 Weekly SMA are positioned. During the week the stock manages to hit a high of 326 and close around the levels of 320.

Support for the stock lies in the zone of 310 to 315 where 1000 Daily SMA and 200 Weekly SMA is positioned. If the stock closes below this levels then the stock can drift to the levels of 290 where the stock had made a medium term bottom.

Resistance for the stock lies in the zone of 325 to 330 where 100 & 200 Daily SMA are lying. If the stock closes above this levels then the stock can move to the levels of 340 where 500 Daily SMA and 100 Weekly SMA are positioned.

Broad range for the stock in coming week is seen between 305 to 310 on downside and 330 to 335 on upside.

ITC Outlook for the Week (January 25, 2016 – January 29, 2016)

EquityPandit’s Outlook for ITC for the week (January 25, 2016 – January 29, 2016):

 

ITC:

 

ITC

 

ITC closed the week on negative note losing around 1.70%.

As we have mentioned last week that resistance for the stock lies in the zone of 325 to 330 where 100 & 200 Daily SMA are lying. If the stock closes above this levels then the stock can move to the levels of 340 where 500 Daily SMA and 100 Weekly SMA are positioned. During the week the stock manages to hit a high of 320 and close the week around the levels of 309.

Stock has closed just below the support zone of 310 where 1000 Daily SMA and 200 Weekly SMA is positioned. If the stock closes below this levels then the stock can drift to the levels of 290 where the stock had made a medium term bottom.

Resistance for the stock lies in the zone of 325 to 330 where 100 & 200 Daily SMA are lying. If the stock closes above this levels then the stock can move to the levels of 340 where 500 Daily SMA and 100 Weekly SMA are positioned.

Broad range for the stock in coming week is seen between 300 to 305 on downside and 325 to 330 on upside.

ITC Outlook for the Week (January 18, 2016 – January 22, 2016)

EquityPandit’s Outlook for ITC for the week (January 18, 2016 – January 22, 2016):

 

ITC:

 

ITC

 

ITC closed the week on absolutely flat note.

As we have mentioned last week that support for the stock lies in the zone 310 to 315 where 1000 Daily SMA and 200 Weekly SMA is positioned. If the stock closes below this levels then the stock can drift to the levels of 290 where the stock had made a medium term bottom. During the week the stock manages to hit a low of 309.75 and bounce to close the week around the levels of 314.

Support for the stock lies in the zone 310 to 315 where 1000 Daily SMA and 200 Weekly SMA is positioned. If the stock closes below this levels then the stock can drift to the levels of 290 where the stock had made a medium term bottom.

Resistance for the stock lies in the zone of 325 to 330 where 100 & 200 Daily SMA are lying. If the stock closes above this levels then the stock can move to the levels of 340 where 500 Daily SMA and 100 Weekly SMA are positioned.

Broad range for the stock in coming week is seen between 300 to 305 on downside and 325 to 330 on upside.

ITC Outlook for the Week (January 11, 2016 – January 15, 2016)

EquityPandit’s Outlook for ITC for the week (January 11, 2016 – January 15, 2016):

 

ITC:

 

ITC

 

ITC closed the week on negative note losing around 4.30%.

As we have mentioned last week that resistance for the stock lies in the zone of 325 to 330 where 100 & 200 Daily SMA are lying. If the stock closes above this levels then the stock can move to the levels of 340 where 500 Daily SMA and 100 Weekly SMA are positioned. During the week the stock manages to hit a high of 327 and retraced to close the week around the levels of 314.

Support for the stock lies in the zone 310 to 315 where 1000 Daily SMA and 200 Weekly SMA is positioned. If the stock closes below this levels then the stock can drift to the levels of 290 where the stock had made a medium term bottom.

Resistance for the stock lies in the zone of 325 to 330 where 100 & 200 Daily SMA are lying. If the stock closes above this levels then the stock can move to the levels of 340 where 500 Daily SMA and 100 Weekly SMA are positioned.

Broad range for the stock in coming week is seen between 300 to 305 on downside and 325 to 330 on upside.

ITC Outlook for the Week (January 04, 2016 – January 08, 2016)

EquityPandit’s Outlook for ITC for the week (January 04, 2016 – January 08, 2016):

 

ITC:

 

ITC

 

ITC closed the week on positive note gaining around 1.20%.

As we have mentioned last week that resistance for the stock lies in the zone of 325 to 330 where 100 & 200 Daily SMA are lying. If the stock closes above this levels then the stock can move to the levels of 340 where 500 Daily SMA and 100 Weekly SMA are positioned. During the week the stock manages to hit a high of 330 and retraced to close the week around the levels of 327.

Support for the stock lies in the zone 310 to 315 where 1000 Daily SMA and 200 Weekly SMA is positioned. If the stock closes below this levels then the stock can drift to the levels of 290 where the stock had made a medium term bottom.

Resistance for the stock lies in the zone of 325 to 330 where 100 & 200 Daily SMA are lying. If the stock closes above this levels then the stock can move to the levels of 340 where 500 Daily SMA and 100 Weekly SMA are positioned.

Broad range for the stock in coming week is seen between 315 to 320 on downside and 330 to 335 on upside.

ITC Outlook for the Week (December 28, 2015 – January 01, 2016)

EquityPandit’s Outlook for ITC for the week (December 28, 2015 – January 01, 2016):

 

ITC:

 

 

ITC

 

 

ITC closed the week on positive note gaining around 2.00%.

As we have mentioned last week that resistance for the stock lies in the zone of 325 to 330 where 100 & 200 Daily SMA are lying. If the stock closes above this levels then the stock can move to the levels of 340 where 500 Daily SMA and 100 Weekly SMA are positioned. During the week the stock manages to hit a high of 327 and retraced to close the week around the levels of 324.

Support for the stock lies in the zone 310 to 315 where 1000 Daily SMA and 200 Weekly SMA is positioned. If the stock closes below this levels then the stock can drift to the levels of 290 where the stock had made a medium term bottom.

Resistance for the stock lies in the zone of 325 to 330 where 100 & 200 Daily SMA are lying. If the stock closes above this levels then the stock can move to the levels of 340 where 500 Daily SMA and 100 Weekly SMA are positioned.

Broad range for the stock in coming week is seen between 310 to 315 on downside and 330 to 335 on upside.

ITC Outlook for the Week (December 21, 2015 – December 24, 2015)

EquityPandit’s Outlook for ITC for the week (December 21, 2015 – December 24, 2015):

 

ITC:

 

 

ITC

 

 

ITC closed the week on negative note losing around 1.20%.

As we have mentioned last week that support for the stock lies in the zone 310 to 315 where 1000 Daily SMA and 200 Weekly SMA is positioned. If the stock closes below this levels then the stock can drift to the levels of 290 where the stock had made a medium term bottom. During the week the stock manages to hit a low of 316 and close around the lowest levels of the week.

Support for the stock lies in the zone 310 to 315 where 1000 Daily SMA and 200 Weekly SMA is positioned. If the stock closes below this levels then the stock can drift to the levels of 290 where the stock had made a medium term bottom.

Resistance for the stock lies in the zone of 325 to 330 where 100 & 200 Daily SMA are lying. If the stock closes above this levels then the stock can move to the levels of 340 where 500 Daily SMA and 100 Weekly SMA are positioned.

Broad range for the stock in coming week is seen between 305 to 310 on downside and 330 to 335 on upside.

ITC Outlook for the Week (December 14, 2015 – December 18, 2015)

EquityPandit’s Outlook for ITC for the week (December 14, 2015 – December 18, 2015):

 

ITC:

 

 

ITC

 

 

ITC closed the week on negative note losing around 4.50%.

As we have mentioned last week that resistance for the stock lies in the zone of 340 to 345 where 500 Daily SMA and 100 Weekly SMA is lying. If the stock manages to close above this levels then the stock can move to the levels of 360 from where the stock has sold off in previous occasions. During the week the stock manages to hit a high of 336 and sold off to close the week around the levels of 321.

Support for the stock lies in the zone 310 to 315 where 1000 Daily SMA and 200 Weekly SMA is positioned. If the stock closes below this levels then the stock can drift to the levels of 290 where the stock had made a medium term bottom.

Resistance for the stock lies in the zone of 330 where 100 & 200 Daily SMA are lying. If the stock closes above this levels then the stock can move to the levels of 340 where 500 Daily SMA and 100 Weekly SMA are positioned.

Broad range for the stock in coming week is seen between 305 to 310 on downside and 330 to 335 on upside.

ITC Outlook for the Week (December 07, 2015 – December 11, 2015)

EquityPandit’s Outlook for ITC for the week (December 07, 2015 – December 11, 2015):

 

ITC:

 

 

ITC

 

 

ITC closed the week on negative note losing around 2.50%.

As we have mentioned last week that support for the stock lies in the zone of 330 to 335 where 200 & 500 Daily SMA and 100 Weekly SMA are positioned. If the stock closes below this levels then the stock can drift to the levels of 325 where 100 Daily SMA are positioned. During the week the stock manages to hit a low of 335 and close the week around the levels of 336.

Support for the stock lies in the zone of 330 to 335 where 200 & 500 Daily SMA and 100 Weekly SMA are positioned. If the stock closes below this levels then the stock can drift to the levels of 325 where 100 Daily SMA are positioned.

Resistance for the stock lies in the zone of 340 to 345 where 500 Daily SMA and 100 Weekly SMA is lying. If the stock manages to close above this levels then the stock can move to the levels of 360 from where the stock has sold off in previous occasions.

Broad range for the stock in coming week is seen between 330 to 335 on downside and 355 to 360 on upside.

ITC Outlook for the Week (November 30, 2015 – December 04, 2015)

EquityPandit’s Outlook for ITC for the week (November 30, 2015 – December 04, 2015):

 

ITC:

 

 

ITC

 

 

ITC closed the week on absolutely flat note.

As we have mentioned last week that the stock has closed around the strong support zone of 330 where 200 & 500 Daily SMA and 100 Weekly SMA are positioned. If the stock closes below this levels then the stock can drift to the levels of 315 to 320 where trend-line support, 100 Daily SMA and 200 Weekly SMA are positioned. During the week the stock manages to hit a low of 332 and bounce to close the week around the levels of 344.

Support for the stock lies in the zone of 330 to 335 where 200 & 500 Daily SMA and 100 Weekly SMA are positioned. If the stock closes below this levels then the stock can drift to the levels of 325 where 100 Daily SMA are positioned.

Resistance for the stock lies in the zone of 350. If the stock manages to close above this levels then the stock can move to the levels of 360 from where the stock has sold off in previous occasions.

Broad range for the stock in coming week is seen between 330 to 335 on downside and 355 to 360 on upside.

ITC Outlook for the Week (November 23, 2015 – November 27, 2015)

EquityPandit’s Outlook for ITC for the week (November 23, 2015 – November 27, 2015):

 

ITC:

 

 

ITC

 

 

ITC closed the week on positive note gaining around 4.40%.

As we have mentioned last week that the stock has closed around the strong support zone of 330 where 200 & 500 Daily SMA and 100 Weekly SMA are positioned. If the stock closes below this levels then the stock can drift to the levels of 315 to 320 where trend-line support, 100 Daily SMA and 200 Weekly SMA are positioned. During the week the stock manages to hit a low of 330 and bounce to close the week around the levels of 344.

Support for the stock lies in the zone of 335 to 340 where 200 & 500 Daily SMA and 100 Weekly SMA are positioned. If the stock closes below this levels then the stock can drift to the levels of 325 where 100 Daily SMA are positioned.

The stock has formed a Evening star pattern on daily charts in an uptrend. Resistance for the stock lies in the zone of 350. If the stock manages to close above this levels then the stock can move to the levels of 360 from where the stock has sold off in previous occasions.

Broad range for the stock in coming week is seen between 330 to 335 on downside and 355 to 360 on upside.

ITC Outlook for the Week (November 16, 2015 – November 20, 2015)

EquityPandit’s Outlook for ITC for the week (November 16, 2015 – November 20, 2015):

 

ITC:

 

 

ITC

 

 

ITC closed the week on negative note losing around 2.36%.

As we have mentioned last week that support for the stock lies in the zone of 330 to 335 where 200 & 500 Daily SMA and 100 Weekly SMA are positioned. If the stock closes below this levels then the stock can drift to the levels of 315 to 320 where trend-line support, 100 Daily SMA and 200 Weekly SMA are positioned. During the week the stock manages to hit a low of 327 and close the week at virtually the lowest levels.

The stock has closed around the strong support zone of 330 where 200 & 500 Daily SMA and 100 Weekly SMA are positioned. If the stock closes below this levels then the stock can drift to the levels of 315 to 320 where trend-line support, 100 Daily SMA and 200 Weekly SMA are positioned.

Resistance for the stock lies in the zone of 340 to 345 where 500 Daily SMA and 100 Weekly SMA are positioned. If the stock manages to close above this levels then the stock can move to the levels of 360 from where the stock has sold off.

Broad range for the stock in coming week is seen between 325 to 330 on downside and 345 to 350 on upside.

ITC Outlook for the Week (November 09, 2015 – November 13, 2015)

EquityPandit’s Outlook for ITC for the week (November 09, 2015 – November 13, 2015):

 

ITC:

 

 

ITC

 

 

ITC closed the week on positive note gaining around 0.90%.

As we have mentioned last week that support for the stock lies in the zone of 330 to 335 where 200 & 500 Daily SMA and 100 Weekly SMA are positioned. If the stock closes below this levels then the stock can drift to the levels of 315 to 320 where trend-line support, 100 Daily SMA and 200 Weekly SMA are positioned. During the week the stock manages to hit a low of 330 and bounce to close the week around the levels of 338.

Support for the stock lies in the zone of 330 to 335 where 200 & 500 Daily SMA and 100 Weekly SMA are positioned. If the stock closes below this levels then the stock can drift to the levels of 315 to 320 where trend-line support, 100 Daily SMA and 200 Weekly SMA are positioned.

Resistance for the stock lies in the zone of 340 to 345 where 500 Daily SMA and 100 Weekly SMA are positioned. If the stock manages to close above this levels then the stock can move to the levels of 360 from where the stock has sold off.

Broad range for the stock in coming week is seen between 325 to 330 on downside and 345 to 350 on upside.

ITC Outlook for the Week (November 02, 2015 – November 06, 2015)

EquityPandit’s Outlook for ITC for the week (November 02, 2015 – November 06, 2015):

 

ITC:

 

 

ITC

 

 

ITC closed the week on negative note losing around 6.6%.

As we have mentioned last week that resistance for the stock lies in the zone of 355 to 360 from where the stock has sold off in the month of March – 2015 & April – 2015. If the stock manages to close above this levels then the stock can move to the levels of 380. During the week the stock manages to hit a high of 360 and sold off to the levels of 335 on back of sub-due quarterly results.

Support for the stock lies in the zone of 330 to 335 where 200 & 500 Daily SMA and 100 Weekly SMA are positioned. If the stock closes below this levels then the stock can drift to the levels of 315 to 320 where trend-line support, 100 Daily SMA and 200 Weekly SMA are positioned.

Resistance for the stock lies in the zone of 340 to 345 where 500 Daily SMA and 100 Weekly SMA are positioned. If the stock manages to close above this levels then the stock can move to the levels of 360 from where the stock has sold off.

Broad range for the stock in coming week is seen between 320 to 325 on downside and 345 to 350 on upside.

ITC Outlook for the Week (October 26, 2015 – October 30, 2015)

EquityPandit’s Outlook for ITC for the week (October 26, 2015 – October 30, 2015):

 

ITC:

 

 

ITC

 

 

ITC closed the week on positive note gaining around 2.7%.

As we have mentioned last week that resistance for the stock lies in the zone of 355 to 360 from where the stock has sold off in the month of March – 2015 & April – 2015. During the week the stock manages to hit a high of 359 and close the week at virtually the highest point.

Support for the stock lies in the zone of 340 to 350 where short term moving averages are lying. If the stock breaks below this levels on closing basis then the stock can drift to the levels of 330 to 335 where 200 & 500 Daily SMA and 100 Weekly SMA are positioned.

Resistance for the stock lies in the zone of 355 to 360 from where the stock has sold off in the month of March – 2015 & April – 2015. If the stock manages to close above this levels then the stock can move to the levels of 380.

Broad range for the stock in coming week is seen between 340 to 345 on downside and 365 to 370 on upside.

ITC Outlook for the Week (October 19, 2015 – October 23, 2015)

EquityPandit’s Outlook for ITC for the week (October 19, 2015 – October 23, 2015):

 

ITC:

 

 

ITC

 

 

ITC closed the week on positive note gaining around 1.50%.

As we have mentioned last week that support for the stock lies in the zone of 330 to 335 where 200 & 500 Daily SMA and 100 Weekly SMA are positioned. If the stock breaks below the levels of 330 on closing basis then the stock can drift to the levels of sub 315. During the week the stock manages to hit a low of 339 and bounce to close the week around the levels of 349.

Support for the stock lies in the zone of 330 to 335 where 200 & 500 Daily SMA and 100 Weekly SMA are positioned. If the stock breaks below the levels of 330 on closing basis then the stock can drift to the levels of sub 315.

Resistance for the stock lies in the zone of 355 to 360 from where the stock has sold off in the month of March – 2015 & April – 2015.

The stock has broken out of the consolidation range of 300 to 335, in which the stock is consolidating for 3 months.

Broad range for the stock in coming week is seen between 335 to 340 on downside and 360 to 365 on upside.

ITC Outlook for the Week (October 12, 2015 – October 16, 2015)

EquityPandit’s Outlook for ITC for the week (October 12, 2015 – October 16, 2015):

 

ITC:

 

 

COLPAL

 

 

ITC closed the week on positive note gaining around 4.50%.

As we have mentioned last week that resistance for the stock lies in the zone of 335 to 340 where 200 & 500 Daily SMA and 100 Weekly SMA are positioned. If the stock manages to close above the levels of 340, then the stock can move to the levels of 360. During the week the stock manages to hit a high of 350 and close the week around the levels of 343.

Support for the stock lies in the zone of 330 to 335 where 200 & 500 Daily SMA and 100 Weekly SMA are positioned. If the stock breaks below the levels of 330 on closing basis then the stock can drift to the levels of sub 315.

Resistance for the stock lies in the zone of 355 to 360 from where the stock has sold off in the month of March – 2015 & April – 2015.

The stock has broken out of the consolidation range of 300 to 335, in which the stock is consolidating for 3 months.

Broad range for the stock in coming week is seen between 325 to 330 on downside and 360 to 365 on upside.

ITC Outlook for the Week (October 05, 2015 – October 09, 2015)

EquityPandit’s Outlook for ITC for the week (October 05, 2015 – October 09, 2015):

 

ITC:

 

 

ITC

 

 

ITC closed the week on positive note gaining around 2.0%.

As we have mentioned last week that the stock is trading around the strong resistance zone of 320 to 325. If the stock manages to close above the levels of 325 the stock can move to the levels of 335 to 340 where 200 and 500 Daily SMA are lying. During the week the stock manages to hit a high of 333.85 and close the week around the levels of 329.

Support for the stock lies in the zone of 310 to 315 where 100 Daily SMA and 200 Weekly SMA are positioned. If the stock breaks below the levels of 310 on closing basis then the stock can drift to the levels of sub 300.

Resistance for the stock lies in the zone of 335 to 340 where 200 & 500 Daily SMA and 100 Weekly SMA are positioned. If the stock manages to close above the levels of 340, then the stock can move to the levels of 360.

The stock has been consolidating in the range of 300 on downside to 335 on upside since last 5 months. A breakout on either side will move the stock further 4% to 5% in that direction. The stock has formed a Hammer pattern on monthly charts in downtrend and consolidation phase indicating the trend reversal.

Broad range for the stock in coming week is seen between 315 to 320 on downside and 345 to 350 on upside.

ITC Outlook for the Week (September 28, 2015 – October 02, 2015)

EquityPandit’s Outlook for ITC for the week (September 28, 2015 – October 02, 2015):

 

ITC:

 

 

ITC

 

 

ITC closed the week on positive note gaining more than 1.4%.

As we have mentioned last week that support for the stock lies in the zone of 305 to 310. If the stock breaks below the levels of 305 on closing basis the stock can drift to the levels of sub 300. The stock manages to hit a low of 307 and bounce back to close the week around the levels of 322.55.

Support for the stock lies in the zone of 310 to 315 where 100 Daily SMA and 200 Weekly SMA are positioned. If the stock breaks below the levels of 305 on closing basis then the stock can drift to the levels of sub 300.

The stock is trading around the strong resistance zone of 320 to 325. If the stock manages to close above the levels of 325 the stock can move to the levels of 335 to 340 where 200 and 500 Daily SMA are lying.

Broad range for the stock in coming week is seen between 305 to 310 on downside and 330 to 335 on upside.

ITC Outlook for the Week (September 21, 2015 – September 25, 2015)

EquityPandit’s Outlook for ITC for the week (September 21, 2015 – September 25, 2015):

 

ITC:

 

 

ITC

 

 

ITC closed the week on positive note gaining more than 1%.

As we have mentioned last week that resistance for the stock lies in the zone of 315 to 320. If the stock manages to close above the levels of 320 the stock can move to the levels of 325 to 330 where 200 and 500 Daily SMA are lying. The stock manages to hit a high of 328 during the week but could not close above the levels of 320.

Support for the stock lies in the zone of 305 to 310. If the stock breaks below the levels of 305 on closing basis the stock can drift to the levels of sub 300.

Resistance for the stock lies in the zone of 320 to 325. If the stock manages to close above the levels of 325 the stock can move to the levels of 335 to 340 where 200 and 500 Daily SMA are lying.

Broad range for the stock in coming week is seen between 305 to 310 on downside and 330 to 335 on upside.

ITC Outlook for the Week (September 14, 2015 – September 18, 2015)

EquityPandit’s Outlook for ITC for the week (September 14, 2015 – September 18, 2015):

 

ITC:

 

ITC

 

ITC closed the week on negative note losing more than 1%.

As we have mentioned last week that the stock is trading around the support zone of 315 where 100 Daily SMA is positioned. If the stock closes below the levels of 315 the stock can drift to the levels of 300 but the stock manages to hit a low of 310 during the week and close the week around the levels of 314.

Resistance for the stock lies in the zone of 315 to 320. If the stock manages to close above the levels of 320 the stock can move to the levels of 325 to 330 where 200 and 500 Daily SMA are lying.

Support for the stock lies in the zone of 305 to 310. If the stock breaks below the levels of 305 on closing basis the stock can drift to the levels of sub 300.

Broad range for the stock in coming week is seen between 305 to 310 on downside and 330 to 335 on upside.

ITC Outlook for the Week (September 07, 2015 – September 11, 2015)

EquityPandit’s Outlook for ITC for the week (September 07, 2015 – September 11, 2015):

 

ITC:

 

ITC

 

ITC closed the week on negative note losing more than 3%.

As we have mentioned last week that the resistance for the stock lies in the zone of 335 to 340 where 200 and 500 Daily SMA are lying. If the stock manages to close above this levels the stock can move to the levels of 370, the stock manages to hit a high of 328 during the week and sold off to the levels of 317.

The stock is trading around the support zone of 315 where 100 Daily SMA is positioned. If the stock closes below the levels of 315 the stock can drift to the levels of 300 where 1000 Daily SMA is lying.

Resistance for the stock lies in the zone of 325 to 330 where 200 and 500 Daily SMA are lying.

Broad range for the stock in coming week is seen between 300 to 310 on downside and 330 to 340 on upside.

ITC Outlook for the Week (August 31, 2015 – September 04, 2015)

EquityPandit’s Outlook for ITC for the week (August 31, 2015 – September 04, 2015):

 

ITC:

 

ITC

 

ITC closed the week on negative note losing more than 1%.

As we have mentioned last week that the support for the stock lies in the zone of 315 to 320 where short term moving averages and long term trend-line support for the stock lies. The stock hit a low of 312 during the week and close the week around the levels of 327.

As seen from the charts the stock has formed a Inverse Head & Shoulder pattern on daily charts. The neckline for the same lies around the levels of 332. If the stock manages to close above the levels of 332 and according to the Inverse Head & Shoulder pattern the targets for the breakout can be in the range of 370.

Resistance for the stock lies in the zone of 335 to 340 where 200 and 500 Daily SMA are lying. If the stock manages to close above this levels the stock can move to the levels of 370.

Broad range for the stock in coming week is seen between 310 to 315 on downside and 345 to 350 on upside.

ITC Outlook for the Week (August 24, 2015 – August 28, 2015)

EquityPandit’s Outlook for ITC for the week (August 24, 2015 – August 28, 2015):

 

ITC:

 

ITC

 

ITC closed the week on positive note gaining around 4%.

As seen from the charts the stock has formed a Inverse Head & Shoulder pattern on daily charts. The neckline for the same lies around the levels of 332. If the stock manages to close above the levels of 332 and according to the Inverse Head & Shoulder pattern the targets for the breakout can be in the range of 370.

Support for the stock lies in the zone of 315 to 320 where short term moving averages and long term trend-line support for the stock lies.

Resistance for the stock lies in the zone of 335 to 340 where 200 and 500 Daily SMA are lying. If the stock manages to close above this levels the stock can move to the levels of 370.

Broad range for the stock in coming week is seen between 310 to 315 on downside and 345 to 350 on upside.

ITC Outlook for the Week (August 17, 2015 – August 21, 2015)

EquityPandit’s Outlook for ITC for the week (August 17, 2015 – August 21, 2015):

 

ITC:

 

ITC

 

ITC closed the week on negative note losing around 2%.

As we have mentioned last week that the stock has formed a Shooting Star pattern on weekly charts in uptrend indicating the trend reversal. The stock has to close above the levels of 333.5 to negate this pattern but the stock hit a high of 327.5 and sold off to the levels of 303 before closing the week around the levels of 318.

The stock has formed a Evening star pattern on weekly charts indicating the trend reversal in an uptrend. The stock has to sustain and close above the levels of 327 to negate this pattern.

Support for the stock lies in the zone of 305 to 310 where 1000 Daily SMA and 200 Weekly SMA are positioned.

Resistance for the stock lies in the zone of 325 to 330 where 100 Daily SMA is lying.

Broad range for the stock in coming week is seen between 300 to 310 on downside and 330 to 340 on upside.

ITC Outlook for Next Week (August 10, 2015 – August 14, 2015)

EquityPandit’s Outlook for ITC for week (August 10, 2015 – August 14, 2015):

 

ITC:

 

ITC

 

 

ITC closed the week on absolutely flat note.

As we have mentioned last week that if the stock manages to close above the levels of 327 the stock can move to the levels of 340 to 345 and the stock hit a high of 334 during the week and close the week around the levels of 324.

The stock has formed a Shooting star pattern on weekly charts in uptrend indicating the trend reversal. The stock has to close above the levels of 333.5 to negate this pattern.

The stock has formed a Hammer pattern on daily charts indicating the exhaustion of selling pressure. The stock has taken support around the levels of 322 where 100 Daily SMA is lying.

Support for the stock lies in the zone of 315 to 320 where short term moving averages and 100 Daily SMA are lying.

Resistance for the stock lies in the zone of 340 to 345 where 200 Daily SMA and 500 Daily SMA are lying.

Broad range for the stock in coming week is seen between 310 to 315 on downside and 335 to 340 on upside.

ITC Outlook for Next Week (August 03, 2015 – August 07, 2015)

EquityPandit’s Outlook for ITC for week (August 03, 2015 – August 07, 2015):  

 

ITC:

 

ITC

ITC closed the week on positive note gaining more than 3%.

The stock took support around the levels of 300 during the week where 1000 Daily SMA and 200 Weekly SMA was lying and bounced sharply to end the week at around the levels of 326.

The stock has formed a Bullish engulfing pattern on weekly charts indicating the bullish trend in the stock.

The stock has also formed a Hammer pattern on monthly charts indicating the end of downtrend in the stock.

The stock also manages to close above the levels of 323 where 100 Daily SMA is lying. Above the levels of 327 the stock can move to the levels of 340 to 345.

Support for the stock lies in the zone of 315 to 320 where short term moving averages and 100 Daily SMA are lying.

Broad range for the stock in coming week is seen between 310 to 315 on downside and 335 to 340 on upside.

ITC Outlook for Next Week (July 27, 2015 – July 31, 2015)

EquityPandit’s Outlook for ITC for week (July 27, 2015 – July 31, 2015):

 

ITC:

 

ITC

ITC closed the week on negative note losing more than 2%.

As we have mentioned last week that the stock is approaching towards the strong resistance zone of 325 to 330 levels where 100 Daily SMA and 20 Weekly EMA are lying. The stock made a high of 323 levels and sold off to the levels of 310 during the week.

The stock has formed a Bearish Harami pattern on weekly charts in an uptrend indicating the trend reversal. The stock has to sustain above the levels of 324 to negate this pattern.

Support for the stock lies in the zone of 300 to 305 where 1000 Daily SMA and 200 Weekly SMA are lying.

Resistance for the stock lies in the zone of 315 to 320 where 50 Daily EMA and 100 Daily SMA are lying.

Broad range for the stock in coming week is seen between 300 to 305 on downside and 320 to 325 on upside.