ITC Outlook for the Week (Aug 31,2020 – Sept 04,2020)

ITC closed the Week on flat note.

RESISTANCE 1.
199.

SECTOR: FMCG.

Weekly Low: 193.65.

SECTOR: FMCG.

If stock breaches small support on the disadvantage and closes below it we might see fresh break down and stock can drag towards Major Support on lower side @ 190 and If stock breaches small resistance on the benefit and closes above it we might see fresh breakout and stock can head towards Major Resistances Level @ 201.

SUPPORT 1.
193.

The technical analysis shows that stock is relocating the form of descending triangle pattern.Stock took specific assistance from 100 EMA. Even more it is necessary to see whether cost reverse or break down from the very same.

Weekly Support & & Resistance for ITC Limited:.

RESISTANCE 2.
201.

For the Week: (Aug 31,2020– Sept 04,2020).

Stock is trading below 200 days rapid moving average, recommends long term pattern is bearish. EquityPandit forecasts range for the Weekly as 201 on advantage and 190 on disadvantage.

Technically on the daily charts EquityPandits Analyst see: Minor assistance on the disadvantage lies at 193 Levels, Minor resistance on the advantage is capped around 199 levels.

Weekly Range: 5.35 points.

Weekly High: 199.

ITC Share Price: 195.55 (NSE).

SUPPORT 2.
190.