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ITC Weekly Outlook and Analysis:
For the Week: (July 31, 2023 – Aug 04, 2023)
ITC Outlook for the Week (July 31, 2023 – Aug 04, 2023)
BSE: 500857| NSE: ITC| ISIN: INE154A01025 | SECTOR: FMCG
ITC Share Price: 468.45 (NSE)
ITC closed the Week on Negative Note losing 4.49%
Weekly High: 499.70
Weekly Low: 455.40
Weekly Range: 44.30 points
Weekly Support & Resistance for ITC Limited:
| RESISTANCE 2 | 519 |
| RESISTANCE 1 | 494 |
| SUPPORT 1 | 449 |
| SUPPORT 2 | 430 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 449 Levels, Minor resistance on the upside is capped around 494 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 @ 430 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 @ 519
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the Weekly as 519 on upside and 430 on downside.
