ITC Outlook for the Week Sept 28,2020 – Oct 01,2020)

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 @ 157 and If stock breaches minor resistance on the benefit and closes above it we may see fresh breakout and stock can head towards Major Resistances Level @ 188.

Stock is trading below 200 days exponential moving average, suggests long term trend is bearish. EquityPandit forecasts range for the Weekly as 188 on benefit and 157 on disadvantage.

BSE: 500857

RESISTANCE 2.
188.

Weekly Low: 166.15.

ITC Share Price: 170.75 (NSE).

On the daily chart we can see that ITC share cost is still relocating a complex restorative phase. Stock took breakout from in proportion triangle pattern. As seen on day-to-day chart a break listed below 166 level will drag price towards 160-157 levels.

For the Week: Sept 28,2020– Oct 01,2020).

On the day-to-day chart we can see that ITC share rate is still moving in an intricate restorative stage. Stock took breakout from balanced triangle pattern. As seen on daily chart a break below 166 level will drag rate towards 160-157 levels.

RESISTANCE 1.
180.

ASSISTANCE 2.
157.

SUPPORT 1.
165.

Weekly Range: 14.45 points.

ITC closed the Week on unfavorable note losing 4.66%.

Technically on the day-to-day charts EquityPandits Analyst see: Minor assistance on the drawback lies at 165 Levels, Minor resistance on the upside is topped around 180 levels.

Weekly Support & & Resistance for ITC Limited:.

Weekly High: 180.60.

SECTOR: FMCG.