ITC Outlook for the Week (Sept 21,2020 – Sept 25,2020)

Weekly Range: 8.85 points.

SUPPORT 2.
171.

For the Week: (Sept 21,2020– Sept 25,2020).

Stock is trading below 200 days rapid moving average, suggests long term pattern is bearish. EquityPandit anticipates range for the Weekly as 190 on benefit and 171 on downside.

Technically on the day-to-day charts EquityPandits Analyst see: Minor assistance on the downside lies at 175 Levels, Minor resistance on the upside is capped around 185 levels.

On the day-to-day chart we can see that ITC share price is moving in an intricate restorative phase. Stock took breakout from symmetrical triangle pattern. As seen on day-to-day chart move listed below the lower band Bollinger will suggest that unfavorable pattern can continue.

ITC closed the Week on negative note losing 2.63%.

SECTOR: FMCG.

Weekly High: 185.85.

RESISTANCE 2.
190.

RESISTANCE 1.
185.

NSE: ITC

On the daily chart we can see that ITC share price is moving in a complex restorative phase. Stock took breakout from symmetrical triangle pattern. As seen on daily chart move listed below the lower band Bollinger will suggest that negative trend can continue.

ITC Share Price: 179.10 (NSE).

Weekly Support & & Resistance for ITC Limited:.

If stock breaches small assistance on the drawback and closes below it we may see fresh break down and stock can drag towards Major Support on lower side @ 171 and If stock breaches small resistance on the advantage and closes above it we might see fresh breakout and stock can head towards Major Resistances Level @ 190.

Weekly Low: 177.00.

SUPPORT 1.
175.