Signals, Powered By EquityPandit
ITC Outlook Weekly and Analysis:
For the Week: (March 15,2021 – March 19,2021)
BSE: 500857| NSE: ITC| ISIN: INE154A01025 | SECTOR: FMCG
ITC Share Price: 205.20(NSE)
ITC closed the Week on Negative Note Losing 1.61%
Weekly High: 210.80
Weekly Low: 203.50
Weekly Range: 7.30 points
Weekly Support & Resistance for ITC Limited:
| RESISTANCE 2 | 212 |
| RESISTANCE 1 | 208 |
| SUPPORT 1 | 203 |
| SUPPORT 2 | 200 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 203 Levels, Minor resistance on the upside is capped around 208 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 @ 200 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 @ 212
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the Weekly as 212 on upside and 200 on downside.
On the daily chart we can see ITC LTD share price are moving below trend line support. Bearish red candle appeared on the chart. Stock seems to be negative for near term. Confirmation was made with the help of 100 EMA line.
