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 @ 188 and If stock breaches small resistance on the advantage and closes above it we may see fresh breakout and stock can head towards Major Resistances Level @ 212.
Weekly Support & & Resistance for ITC Limited:.
ITC Share Price: 196.40 (NSE).
Weekly Low: 195.50.
Stock is trading below 200 days rapid moving average, recommends long term trend is bearish. EquityPandit forecasts range for the Weekly as 212 on advantage and 188 on downside.
ITC closed the Week on flat note.
On the everyday chart stock is relocating the type of Wedge pattern. Apart from a black body that emerged on the candles, no other formations were observed. Close listed below 100 EMA levels will drag cost towards 191 level.
Weekly Range: 12.20 points.
Weekly High: 207.70.
On the day-to-day chart stock is moving in the kind of Wedge pattern. Apart from a black body that emerged on the candle lights, no other formations were observed. Close below 100 EMA levels will drag price towards 191 level.
For the Week: (Aug 17,2020– Aug 21,2020).
Technically on the everyday charts EquityPandits Analyst see: Minor assistance on the disadvantage lies at 192 Levels, Minor resistance on the upside is topped around 205 levels.