ITC Limited – Technical Analysis, Support and Resistance

The stock

is in a strong bearish trend on the daily chart. After reaching nearly ₹495 in 2024 the stock has formed consistent lower highs and lower lows. It is now trading at ₹260.50 close to its recent low zone. The price remains below the 20, 50, 100 and 200-day moving averages while RSI near 44 indicates weak momentum. The latest session's gain of 1.01% does not yet confirm a trend reversal. Support & Resistance: Immediate support lies around ₹253–255 followed by ₹249–250. On the upside ₹263–267 is the first resistance zone followed by ₹275–280. Short-Term Buyers & Holders View: Short-term buyers can wait for a sustained move above ₹267 with strong volume before expecting a recovery. A breakdown below ₹253 may increase selling pressure toward ₹249 and lower levels. Holders should monitor whether the stock forms a stable base and starts making higher highs and higher lows.