May bounce back near 4700, where there is a support. Good above 5200-5300.
Support will come at 55, intermediate target will be 65. Will turn bullish above 62 in short term.
Could be a good entry point for short term, being on short term support and if it works out eventually, then for intermediate term.
Support at 450, near resistance at 520 and if crossed target will be 580
Support 350, resistance420 and will break out above closing of 475
Should wait till 19th January or earlier for closing above 388 for steady up move.
Should find support at 203 in this week and weekly closing is to be tracked for ITC to be above this level
A good closing above 1309 will take it to the next level. There are a series of obstacles and will break out above 1500.
After making high on 14th Dec., when it tried to cross descending resistance, came back and is consolidating for the last 15 days on a strong turf holding support line. From 8th January it may try to break out, try to cross 138. It is likely to overcome the resistance latest by 11th February and then attempt to cross 150 by April 2021, but that is the story that...
If resistance is crossed then the scrip will turn bullish. Entry can be made by 22nd January if it remains above 465 on closing basis.
Seems current resistance has been breached handsomely today. Next one is at 107 and if crossed we may see at 170 some time next year but in this FY.
Closing above 308 tomorrow and remaining bullish for a couple of days will open up an opportunity to take a shot at a level of 420 in intermediate term and eventually 590.
In the next three days we will see a decisive move in the counter due to the symmetric triangle formation which is supported by the diminishing volume. In case of down move a support line around 1700-1750 will stop any further downfall. An up move has a short limit and will have to break out it for distinct up move. No upside target as of now, in case of up move
Resistance 220, support 180. Expect consolidation for a few more weeks, say a month.