ITC Price Support And Resistance ITC LimitedNSE:ITCTheGoldenFarmsofEquity### Current Situation * **Current Price:** ₹279.95 * **20 EMA:** ₹361.98 * **50 EMA:** ₹360.05 * **100 EMA:** ₹319.76 * **200 EMA:** ₹253.19 ### Technical Analysis #### 1. Trend * The stock delivered a strong rally between 2023 and 2025, reaching nearly ₹500. * A significant correction followed afterward. * The price is currently trading below the **20 EMA, 50 EMA, and 100 EMA**, indicating medium-term weakness. #### 2. Support Levels * **Major Support:** ₹253–255 (200 EMA) * If this level breaks, the next support zone could be around **₹220–230**. #### 3. Resistance Levels * **₹320** (100 EMA) is the first major resistance. * **₹360** (20 EMA and 50 EMA) is a very strong resistance zone. * Until the stock closes above ₹360 on a monthly basis, the trend is likely to remain weak. #### 4. EMA Structure * The 20 EMA and 50 EMA have turned downward. * The price is also trading below the 100 EMA. * This creates a **bearish technical structure**. ### For Investors ✅ If you are a long-term investor, the **₹253–260 zone** is a crucial support area to watch. ⚠️ A monthly close below **₹253** could lead to further downside pressure. ✅ Fresh buying may be considered if: * A strong reversal occurs near ₹253–260, or * The stock breaks above ₹320 and confirms strength with a move above ₹360. ### Conclusion * **Short-Term:** Bearish * **Medium-Term:** Weak * **Long-Term:** The key decision point is around **₹253 (200 EMA)**. Thanks