Itc share price Today Live Updates : Itc Stock Plummets in Today’s Trading

Itc reached a peak of 434.85 and a low of 431.7 in the previous trading hour. In the last hour, the stock price fell below key hourly resistances at 433.58 and 432.72, suggesting notable selling pressure. Traders may consider exiting current long positions, while new investors can assess the potential for a reversal if the stock is oversold on an hourly basis.
The hourly support and resistance levels to watch out in the next hour are mentioned below.

As per the Technical Analysis, short term trend of Itc share is Bullish and long term trend is Bearish

The current market price of Itc has broken the first support of ₹437.7 & second support of ₹434.7 indicating a strong bearish move but traders need to monitor for possible reversals from ₹431.2. If the stock price breaks the final support of ₹431.2 then it indicates a significant selling pressure and prices can be eroded further.

The trading volume of Itc until 11 AM has increased by 10.38% compared to the previous day, while the price is currently at ₹433.9, a decrease of -1.59%. Monitoring both volume and price is crucial for analyzing trends. A rise in price accompanied by higher volume indicates a lasting upward trend, whereas a drop in price with increased volume could signal further price declines.

Itc reached a high of 436.85 and a low of 434.35 in the previous trading hour. In the last hour, the stock price dropped below the hourly support of 435.02 (Support level 1), suggesting bearish sentiment. Traders may consider reducing long positions and monitoring for additional support at 433.93 and 432.12.
The hourly support and resistance levels to watch out in the next hour are mentioned below.

The current market price of Itc has broken the first support of ₹437.7 & second support of ₹434.7 indicating a strong bearish move but traders need to monitor for possible reversals from ₹431.2. If the stock price breaks the final support of ₹431.2 then it indicates a significant selling pressure and prices can be eroded further.

The analyst recommendation trend is shown below with the current rating as Buy.

Today, the share price of ITC dropped by 1.28% to reach ₹435.25, while its peer companies are experiencing mixed results. VST Industries and NTC Industries are declining, while Godfrey Phillips India and Golden Tobacco are seeing an increase in their share prices. Overall, the benchmark indices Nifty and Sensex are down by 0.7% and 0.71% respectively.

The volume of ITC traded until 10 AM has increased by 15.07% compared to yesterday, while the price is currently at ₹435.9, showing a decrease of -1.13%. Volume traded, in conjunction with price, is a crucial indicator for analyzing trends. A positive price movement with increased volume indicates a sustainable upward trend, whereas a negative price movement with higher volume could signal a further decline in prices.

Itc touched a high of 438.65 & a low of 435.75 in the previous trading hour.
The hourly support and resistance levels to watch out in the next hour are mentioned below.

Today, the share price of ITC dropped by 0.54% to reach ₹438.5, while its industry peers are experiencing mixed results. Among its peers, Godfrey Phillips India is declining, while VST Industries, NTC Industries, and Golden Tobacco are showing growth. The benchmark indices Nifty and Sensex are down by 0.32% and 0.23%, respectively.

A decrease in futures price and an increase in open interest in Itc indicate possible downward price movement in the near future. Traders may consider maintaining their short positions.

Itc share price is at ₹438.05 and is still trading between the key support and resistance levels of ₹437.7 and ₹444.2 on a daily timeframe. If it crosses the support of ₹437.7 then we can expect a further bearish movement. On the other hand if the price crosses 444.2 then it will lead to a bullish movement.

The stock price of ITC has decreased by -0.37% and is currently trading at ₹439.25. Over the last year, ITC’s shares have seen a price increase of 4.70% to reach ₹439.25. In contrast, the Nifty index has risen by 22.11% to 22302.50 during the same one-year period.

The key support and resistance levels for Itc on the daily timeframe are given below. Please note these support and resistance levels are derived from the classic pivot table.

The analyst recommendation trend is shown below with the current rating as Buy.

The trading volume yesterday was 22.42% lower than the 20 day average. Yesterday’s NSE volume was 10 mn & BSE volume was 597 k.

The stock traded in the range of ₹444.65 & ₹438.2 yesterday to end at ₹440.4. The stock price indicates a strengthening bull run.