Signals, Powered By EquityPandit
ITC Outlook Weekly and Analysis:
For the Week: (Oct 18,2021 – Oct 22,2021)
BSE: 500857| NSE: ITC| ISIN: INE154A01025 | SECTOR: FMCG
ITC Share Price: 256.55 (NSE)
ITC closed the Week on Positive Note Gaining 10.73%
Weekly High: 261.85
Weekly Low: 231.70
Weekly Range: 30.15 points
Weekly Support & Resistance for ITC Limited:
| RESISTANCE 2 | 280 |
| RESISTANCE 1 | 268 |
| SUPPORT 1 | 238 |
| SUPPORT 2 | 220 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 238 Levels, Minor resistance on the upside is capped around 268 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 @ 220 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 @ 280
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the Weekly as 280 on upside and 220 on downside.
