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Technicals for ITC Limited
By MusingTheNews
2025-07-16 20:38
Overall Technical outlook
Price Summary
ITC Limited's stock opened at 422.1 on 2025-07-16, surged to 425.45, dropped to 420.3, and ended 0.59% higher at 424.6, with 9780027 shares traded. Over the past year, the stock's highest price was 522.75, and its lowest was 394.85. The price projection is between 425.0 and 567.0, with an average expected price around 500.26315, according to 38 analysts.
Technicals
Support and Resistance: The current price of 424.6 for ITC finds support at 418.65 and resistance at 426.1. These levels define a range in which the price might oscillate, with 418.65 as a potential support and 426.1 as a resistance level. Support/Resistance for ITC
Aroon: Aroon's bullish trend persists, with Aroon Up holding steady at the 100 level. This shows strong momentum, but further exploration using additional indicators is necessary to confirm the trend's durability and potential future direction. Aroon chart for ITC Limited
Bol. Bands: In a bullish development, the current price has moved above the upper Bollinger Band in its latest advance. This breakout signals heightened buying pressure, driving the price beyond its usual range. Such a move is often viewed as an indicator of strong market momentum, potentially leading to further gains. Bolinger Bands chart for ITC Limited
Parabolic SAR: The PSAR continues its bullish outlook, establishing a support level that could help sustain the current upward trend. This level of support may act as a cushion against potential downturns, indicating continued strength in the market's bullish momentum for ITC. Parabolic Stop and Reverse chart for ITC Limited
Stochastic: The stochastic indicator for ITC shows a bullish signal, with the K-line positioned above the D-line and also above the 80 mark. This suggests strong upward momentum, indicating that the market may continue to trend higher. Traders might view this as a sign of continued strength and potential buying opportunities. Stochastic chart for ITC Limited
Tripple Moving Agerage: The Tripple MOVING AVG is currently in a neutral position for ITC Limited, offering no clear guidance on whether the market is likely to move up or down. This neutral stance suggests that further observation may be necessary before a trend becomes apparent. Tripple SMA chart for ITC Limited
A thorough analysis of a company involves looking beyond its stock price movements and trading patterns. You must also examine its fundamentals, which include profitability, growth prospects, and competitive advantages. Additionally, the industry in which the company operates provides important context, as factors like technological innovations, regulation, and market demand influence performance. By integrating this information with technical analysis, more accurate predictions about the company's future can be made.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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