As of May 16, 2025, ITC Ltd. (NSE: ITC) is trading around ₹435.70. Analyzing the 4-hour timeframe, the following support and resistance levels have been identified based on various technical indicators:
📊 4-Hour Support & Resistance Levels
Support Levels:
S1: ₹433.28
S2: ₹430.67
S3: ₹429.18
Resistance Levels:
R1: ₹437.38
R2: ₹438.87
R3: ₹441.48
These levels are derived from pivot point calculations and can serve as potential areas where the price might experience support or resistance.
🔍 Technical Indicators Overview
Relative Strength Index (RSI): 58.98 – Indicates neutral momentum.
Moving Average Convergence Divergence (MACD): 3.86 – Suggests mild bullish momentum.
Average Directional Index (ADX): 17.89 – Points to a weak trend strength.
Stochastic Oscillator: 51.37 – Reflects neutral conditions.
Supertrend Indicator: ₹413.32 – Below current price, indicating a bullish signal.
Parabolic SAR: ₹437.35 – Slightly above current price, suggesting potential resistance.
📈 Fibonacci Retracement Levels
Considering the downtrend from ₹491.00 (Jan 3, 2025) to ₹390.15 (Apr 7, 2025), the key Fibonacci retracement levels are:
23.6%: ₹413.95
38.2%: ₹428.67
50%: ₹440.57
61.8%: ₹452.48
76.4%: ₹467.20
These levels can act as potential support or resistance zones as the price retraces its previous move.
🧠 Trading Insights
The current price is approaching the R1 resistance level at ₹437.38.
If the price breaks above this level with strong volume, it may test higher resistance levels.
Conversely, if it fails to break through, it might retrace to the support levels mentioned above.
Traders should monitor these levels closely and consider using stop-loss orders to manage risk.
📊 4-Hour Support & Resistance Levels
Support Levels:
S1: ₹433.28
S2: ₹430.67
S3: ₹429.18
Resistance Levels:
R1: ₹437.38
R2: ₹438.87
R3: ₹441.48
These levels are derived from pivot point calculations and can serve as potential areas where the price might experience support or resistance.
🔍 Technical Indicators Overview
Relative Strength Index (RSI): 58.98 – Indicates neutral momentum.
Moving Average Convergence Divergence (MACD): 3.86 – Suggests mild bullish momentum.
Average Directional Index (ADX): 17.89 – Points to a weak trend strength.
Stochastic Oscillator: 51.37 – Reflects neutral conditions.
Supertrend Indicator: ₹413.32 – Below current price, indicating a bullish signal.
Parabolic SAR: ₹437.35 – Slightly above current price, suggesting potential resistance.
📈 Fibonacci Retracement Levels
Considering the downtrend from ₹491.00 (Jan 3, 2025) to ₹390.15 (Apr 7, 2025), the key Fibonacci retracement levels are:
23.6%: ₹413.95
38.2%: ₹428.67
50%: ₹440.57
61.8%: ₹452.48
76.4%: ₹467.20
These levels can act as potential support or resistance zones as the price retraces its previous move.
🧠 Trading Insights
The current price is approaching the R1 resistance level at ₹437.38.
If the price breaks above this level with strong volume, it may test higher resistance levels.
Conversely, if it fails to break through, it might retrace to the support levels mentioned above.
Traders should monitor these levels closely and consider using stop-loss orders to manage risk.
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WhatsApp link- wa.link/d997q0
Email - techncialexpress@gmail.com ...
Script Coder/Trader//Investor from India. Drop a comment or DM if you have any questions! Let’s grow together!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Hello Guys ..
WhatsApp link- wa.link/d997q0
Email - techncialexpress@gmail.com ...
Script Coder/Trader//Investor from India. Drop a comment or DM if you have any questions! Let’s grow together!
WhatsApp link- wa.link/d997q0
Email - techncialexpress@gmail.com ...
Script Coder/Trader//Investor from India. Drop a comment or DM if you have any questions! Let’s grow together!
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.