ITC Outlook Weekly and Analysis:
For the Week: (May 10, 2021 – May 14, 2021)
BSE: 500857| NSE: ITC| ISIN: INE154A01025 | SECTOR: FMCG
ITC Share Price: 205.35 (NSE)
ITC closed the Week on Positive Note Gaining 1.36%
Weekly High: 206.45
Weekly Low: 199.10
Weekly Range: 7.35 points
Weekly Support & Resistance for ITC Limited:
Technically on the daily charts, EquityPandit’s Analyst sees: 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 a fresh break down and stock can drag towards Major Support on the lower side @ 196 and If stock breaches minor resistance on the upside and closes above it we may see a fresh breakout and stock can head towards Major Resistances Level @ 210.
Stock is trading above 200 days exponential moving average, which suggests the long term trend is bullish. EquityPandit predicts the range for the Weekly as 210 on the upside and 196 on the downside.
On the daily chart ITC LTD. The share price closed above 100 EMA support which is a sign of bullishness for the coming session. For the near term, the Price can continue to move towards the 210 level.