ITC Limited
Long

ITC 1D Time frame

66
Current Price: ₹405.60

52-Week High: ₹524.35

52-Week Low: ₹390.15

Trend: Downward — trading below 5, 20, 50, 100, 200-day moving averages

Daily Chart Insights

Price below moving averages → bearish trend.

RSI & MACD → weak momentum, signaling short-term selling pressure.

Support zone at ₹390–₹400 → critical; a break below can push price down to ₹370–₹380.

Resistance at ₹420–₹430 → a strong close above may signal trend reversal.

Strategy / Outlook

Bearish Bias: Short-term trend is downward.

Buying Opportunity: Near support zones (₹390–₹400) if it holds.

Bullish Trigger: Close above ₹430 with strong volume indicates potential reversal.

Risk Management: Use stop-loss below critical support zones.

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