ITC Outlook for the Week (Sept 07,2020 – Sept 11,2020)

Weekly Range: 13.30 points.

ITC Share Price: 186.70 (NSE).

Technically on the day-to-day charts EquityPandits Analyst see: Minor assistance on the disadvantage lies at 181 Levels, Minor resistance on the benefit is topped around 195 levels.

ASSISTANCE 1.
181.

The present structure reveals that stock took breakout from coming down triangle pattern on everyday chart. Move towards 183-182 levels can be anticipated on downside which is 1.618% of Fibonacci retracement.

ASSISTANCE 2.
176.

Stock is trading below 200 days rapid moving average, recommends long term trend is bearish. EquityPandit forecasts range for the Weekly as 204 on advantage and 176 on downside.

NSE: ITC

RESISTANCE 1.
195.

Weekly High: 199.

SECTOR: FMCG.

RESISTANCE 2.
204.

For the Week: (Sept 07,2020– Sept 11,2020).

If stock breaches minor assistance on the disadvantage and closes below it we might see fresh break down and stock can drag towards Major Support on lower side @ 176 and If stock breaches minor resistance on the upside and closes above it we might see fresh breakout and stock can head towards Major Resistances Level @ 204.

ITC closed the Week on unfavorable note losing 4.52%.

Weekly Support & & Resistance for ITC Limited:.

Weekly Low: 185.70.