EquityPandit’s Outlook for ITC for the week (June 29, 2020 – July 03, 2020):

ITC:

BSE: 500857| NSE: ITC| ISIN: INE154A01025 | SECTOR: FMCG

Stock closed the week on Positive gaining 6%

Week High:209.40

Week Low:183.15

Week Range: 26.25 points

ITC Ltd.

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 188.60 Levels, Minor resistance on the upside is capped around 209 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 @ 180.50 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 @ 217

Stock is trading below 200 days exponential moving average, suggests long term trend is bearish. EquityPandit predicts range for the week as 217 on upside and 180.50 on downside.

WEEKLY PIVOT LEVELS: