ITC Outlook for the Week (Oct 12,2020 – Oct 16,2020)

NSE: ITC

Weekly High: 172.80.

RESISTANCE 2.
176.

ASSISTANCE 1.
165.

Weekly Range: 6.45 points.

On the day-to-day chart we can see that ITC share cost are relocating the type of coming down triangle pattern. The stock is facing multiple difficulty in the 174-175 zone. For the near term, 166 level has now become a short-lived assistance for stock.

Weekly Support & & Resistance for ITC Limited:.

ASSISTANCE 2.
162.

ITC closed the Week on Negative note losing 1.76%.

For the Week: (Oct 12,2020– Oct 16,2020).

If stock breaches small assistance on the downside and closes listed below it we may see fresh break down and stock can drag towards Major Support on lower side @ 162 and If stock breaches minor resistance on the benefit and closes above it we might see fresh breakout and stock can head towards Major Resistances Level @ 176.

Technically on the daily charts EquityPandits Analyst see: Minor support on the drawback lies at 165 Levels, Minor resistance on the advantage is capped around 172 levels.

RESISTANCE 1.
172.

Weekly Low: 166.35.

ITC Share Price: 167.85 (NSE).

On the daily chart we can see that ITC share rate are moving in the kind of coming down triangle pattern. The stock is facing several obstacle in the 174-175 zone. For the near term, 166 level has now become a short-lived assistance for stock.

SECTOR: FMCG.

Stock is trading below 200 days exponential moving average, recommends long term pattern is bearish. EquityPandit forecasts variety for the Weekly as 176 on benefit and 162 on disadvantage.