ITC - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 3.9

Here’s a detailed technical analysis of ITC Ltd (ITC)

📊 Trend Overview

Phase: Consolidating with neutral momentum

Price Action: Trading exactly at the 50-DMA (₹412) and slightly below the 200-DMA (₹421), indicating indecision and lack of directional strength.

Volume: Above average (1.65 Cr vs 1.18 Cr), suggesting active participation but not breakout-level enthusiasm.

📈 Momentum Indicators

RSI (51.1): Neutral zone — no strong momentum, indicating sideways movement.

MACD (0.35): Slightly positive — suggests mild bullish bias but not accelerating.

Bollinger Bands: Price likely near the middle band, consistent with consolidation and low volatility.

🧭 Chart Patterns

Sideways Channel: Price oscillating between ₹390–₹430, forming a horizontal range.

Trendline Support: Holding above ₹390, which has acted as a strong base multiple times.

🔍 Support & Resistance Levels

Level Price (₹) Commentary

Support 1 400 Minor pullback zone

Support 2 390 52-week low support

Resistance 1 430 Channel ceiling

Resistance 2 450 Pre-high congestion zone

Major Resistance 495 52-week high

🎯 Entry & Exit Zones

Optimal Entry: ₹400–₹412 (on dips with volume confirmation)

Short-Term Target: ₹430–₹450

Exit Zone / Stop-Loss: ₹390 (below key support)

🔄 Short-Term Outlook

Momentum: Weak and stabilizing

Bias: Neutral-to-bullish above ₹412; cautious below ₹390

Phase: Consolidating — awaiting breakout confirmation

🧠 Key Takeaways

ITC is in a technical pause, hovering near key moving averages with neutral indicators.

RSI and MACD suggest indecision, while price action near support zones hints at potential upward breakout.

A close above ₹430 with volume could trigger a move toward ₹450–₹495.

Let me know if you’d like a chart visualization or screener of similar large-cap consolidating stocks.

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