ITC Outlook Weekly and Analysis:
For the Week: (May 3,2021 – May 7,2021)
BSE: 500857| NSE: ITC| ISIN: INE154A01025 | SECTOR: FMCG
ITC Share Price: 202.60 (NSE)
ITC closed the Week on Negative Note Losing 1.34%
Weekly High: 207.55
Weekly Low: 202.00
Weekly Range: 5.55 points
Weekly Support & Resistance for ITC Limited:
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 200 Levels, Minor resistance on the upside is capped around 207 levels.
If stock breaches minor support on the downside and closes below it we may see fresh break down and stock can drag towards Major Support on lower side @ 198 and If stock breaches minor resistance on the upside and closes above it we may see fresh breakout and stock can head towards Major Resistances Level @ 210.
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the Weekly as 210 on upside and 198 on downside.
On the daily chart ITC LTD. Share price is trading below trend line support. For the near term, the level of 208 has now become a re-sistance for the stock. On the lower side, the 200 EMA is one of the most important and crucial support for the immediate near term.