ITC Outlook for the Week (Oct 05,2020 – Oct 09,2020)

For the Week: (Oct 05,2020– Oct 09,2020).

ISIN: INE154A01025

ASSISTANCE 1.
167.

Weekly High: 174.80.

On the everyday chart we can see that ITC share cost is still moving in an intricate corrective stage. Apart from a black body that emerged on the candles in last session, no other formations were discovered.

If stock breaches minor assistance on the downside and closes below it we might see fresh break down and stock can drag towards Major Support on lower side @ 164 and If stock breaches small resistance on the benefit and closes above it we may see fresh breakout and stock can head towards Major Resistances Level @ 179.

RESISTANCE 2.
179.

Technically on the day-to-day charts EquityPandits Analyst see: Minor support on the downside lies at 167 Levels, Minor resistance on the upside is topped around 175 levels.

SECTOR: FMCG.

Stock is trading below 200 days rapid moving average, recommends long term pattern is bearish. EquityPandit anticipates variety for the Weekly as 179 on benefit and 164 on drawback.

Weekly Low: 168.70.

Weekly Support & & Resistance for ITC Limited:.

Weekly Range: 6.10 points.

ITC Share Price: 170.85 (NSE).

ASSISTANCE 2.
164.

RESISTANCE 1.
175.

ITC closed the Week on flat note.