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.
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.
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.