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Technicals for ITC Limited
By MusingTheNews
2025-10-17 20:39
Overall Technical outlook
Price Summary
On 2025-10-17, ITC's stock began at 405.35, peaked at 413.85, dipped to 405.25, and closed up 1.68% at 412.15, with a volume of 21070968 shares. During the 52-week span, the stock hit a high of 491.55 and a low of 394.85. 35 analysts forecast that the price of ITC will range from 425.0 to 567.0, with an average expected price near 494.08572.
Technicals
Support and Resistance: The price sits at 412.15, supported by 407.25 and resisted by 413.35. This indicates a trading range where 407.25 provides a floor, preventing declines, and 413.35 acts as a ceiling, limiting further price increases for ITC. Support/Resistance for ITC
Aroon: The AROON indicator for ITC points to a strong bullish trend, with the Aroon Up moving higher and the Aroon Oscillator reversing. This indicates a shift towards an upward trend, suggesting that the market may be gaining momentum. Investors could see this as a signal of potential opportunities, as the market trend appears to favor a bullish outlook. Aroon chart for ITC Limited
Bol. Bands: In its latest move, the current price has crossed over the upper Bollinger Band, indicating a bullish breakout. This movement suggests that buying pressure is intensifying, driving the price higher than expected. Traders may interpret this as a sign of strong market momentum, potentially leading to continued upward action for ITC Limited. Bolinger Bands chart for ITC Limited
Parabolic SAR: The PSAR remains bullish in its outlook, establishing a key support level that could serve as a foundation for further upward movement. This persistent bullish stance suggests that the market may continue to trend higher, with the established support providing a potential safety net for investors. Parabolic Stop and Reverse chart for ITC Limited
Stochastic: The STOCHASTIC is currently in a neutral position, offering no clear indication of movement up or down. This suggests that the market may be experiencing a period of equilibrium, with no strong trend in play. Stochastic chart for ITC Limited
Tripple Moving Agerage: The moving averages for ITC for the 20-50-100 periods point to a bullish trend, but the slopes of the faster averages suggest this strength may be waning. The potential for a reversal is becoming apparent, as the shorter-term averages indicate that the upward momentum could be weakening, signaling a possible trend change. Tripple SMA chart for ITC Limited
In order to draw meaningful inferences from a company's technical data, it is essential to first consider its fundamentals. This includes reviewing financial metrics like revenue, profit margins, and debt-to-equity ratios. Additionally, understanding the broader industry landscape, including market trends and competitive pressures, is crucial. By integrating these insights with the company's technical performance, such as stock price fluctuations and trading volume, one can make more informed investment decisions.
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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