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ITCMARKET OUTLOOKSTOCK OUTLOOK

ITC Outlook for the Week (August 07, 2023 – August 11, 2023)

ITC closed the previous week on a negative note losing 9.10%.

Technically, ITC share price will see immediate support at 439.57 and immediate resistance would be seen at 485.02.

If ITC share price closes below immediate support of 439.57, then sharp breakdown can be seen. ITC share price will see major support at 424.18 for the week.

On the positive side, immediate resistance will be seen at 485.02. Closing above 485.02, ITC share price will see a sharp breakout. Major resistance for ITC share price will be seen at 515.08 for the week.

Trading range for ITC share price for this week should be between 394.12 on down side and 530.47 on up side.

ITC Previous Week High: 499.7

ITC Previous Week Low: 454.25

ITC Previous Week Range: 45.45 Points

ITC share price support and resistance for the week (August 07, 2023 – August 11, 2023)

Level Type Value
Resistance 3 530.47
Resistance 2 515.08
Resistance 1 485.02
Support 1 439.57
Support 2 424.18
Support 3 394.12

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