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Price and trend forecast of ITC for Tomorrow, Weekly, Monthly

ITC Limited

Symbol: NSE:ITC

ISIN: INE154A01025

430.10

As on 2024-04-12

392.10 (52W Low) 499.70 (52W High)

ITC's Today's Performance

ITC Limited started the day by opening at 435.00 today 2024-04-12. Its shares reached a high of 435.75 and dipped to a low of 428.30 in intraday. When the markets closed, ITC’s stock price settled at ₹430.10 per share. Also check out its key support and resistance levels.

ITC Buy/Sell Targets

Tomorrow, sell ITC when its price reaches ₹ 430.10 with a stop-loss order at ₹ 434.34. You can set the target price as ₹ 425.86 to capture potential gains. This sell position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of ITC for tomorrow's session along with weekly support and resistance. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Resistance for ITC

Resistance Levels Value in ₹
Tomorrow Resistance 1 434
Tomorrow Resistance 2 439
Tomorrow Resistance 3 442

Important Supports for ITC

Support Levels Value in ₹
Tomorrow Support 1 427
Tomorrow Support 2 424
Tomorrow Support 3 420
Based on where the stock opens tomorrow, if ITC opens on a positive note, our first target will be ₹434. If Target 1 is achieved, we will aim for Target 2 which is ₹439.

But if ITC falls below the average value of ₹431.38, you can enter a sell side position with target number 1 - ₹427 and second target - ₹424 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of ITC

Looking at ITC, we've seen a Increasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, ITC has been on a Upward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for ITC is moderate bullish.

Tomorrow's Volume based share price Forecast for ITC

ITC's Volume is currently in a Increasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a moderate bullish trend. Volume trend strength over the last month compared to the last week is -56%.

Reversal detection for ITC

Predicted trend chart of ITC tomorrow for price forecast
ITC may trend may continue to be bearish since stock is making lower low and we can get target of ₹434 in morning tomorrow
Target 1 tomorrow434
Target 2 tomorrow436
Target 3 tomorrow439
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with ITC's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if ITC opens on a positive note, our first target will be ₹434.47. If Target 1 is achieved, we will aim for Target 2 which is ₹438.83.

But if ITC falls below the average value of ₹431.38, you can enter a sell side position with target number 1 - ₹427.02 and second target - ₹423.93

ITC's Weekly Targets
1st Up Target 436.75
2nd Up Target 443.40
1st Down Target 424.50
2nd Down Target 418.90

As the week for ITC ended on bullish sentiments, we can expect further continuation of this sentiment. ITC's initial target will be 436.75 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 424.50 in the upcoming week.

Weekly OHLC Values
Open 428.30
High 437.80
Low 425.55
Close 430.10

Week for ITC started with an open price of 428.30, and the close was at 430.10. ITC reached the highest of 437.80 and dipped lowest up to 425.55 last week. This indicates a bullish sentiment for the week.

ITC full month swing targets
Monthly Up Target 1 449.00
Monthly Up Target 2 455.65
Monthly Down Target 1 412.25
Monthly Down Target 2 394.40

Targets of ₹449.00 can be expected to be reached in the coming month. Once ITC achieved this target, we can aim for the next upside target of ₹455.65.

ITC if fails to hold upside, down targets of ₹412.25 and ₹394.40 can be achieved by end of this month.

For complete three weeks if ITC is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

Related Stocks in the Same Sector as ITC

Symbol Name Industry
ITC ITC Limited Tobacco
HINDUNILVR Hindustan Unilever Limited Household & Personal Products
DMART Avenue Supermarts Limited Discount Stores
NESTLEIND Nestle India Limited Packaged Foods
VBL Varun Beverages Limited Beverages - Non-Alcoholic

Summary

ITC is expected to reach the target of 434.47 in tomorrow's trading session.

After achieving the initial target in ITC, we will aim for higher targets of 438.83 tomorrow.

However, if ITC starts to trade below ₹431.38, then we will shift our focus to the sell side and aim for down targets of 427.02 and 423.93.