INDIAN TELEPHONE INDUSTRIED LTD - NSE | Daily Chart
📊 INDIAN TELEPHONE INDUSTRIES LTD (ITI) – NSE | Daily Chart
📅 Date: May 28, 2025
📈 Current Price: ₹309.25 (+9.99%)
📌 Ticker: NSE:ITI
🧠 Technical Analysis Overview
✅ Cup & Handle Breakout 🍵📈
Price action has formed a classic Cup & Handle pattern — a bullish continuation setup indicating a potential uptrend continuation. The breakout is confirmed with a strong bullish candle and significant volume surge today.
✅ Volume Confirmation 📊
Today’s breakout above the ₹288 resistance comes with massive volume (~11.6M), validating strong buyer interest and momentum behind the move.
📍 Key Price Levels
📌 Breakout Level:
✅ ₹288.05 (Previous resistance flipped into support)
📌 Immediate Resistance / Targets
🎯 ₹340 – ₹360 (Short-term target based on pattern projection)
🎯 ₹400+ (Medium-term upside potential if momentum sustains)
📌 Support
🟨 ₹288 (Breakout retest zone)
🟥 ₹270 (Handle support)
📈 Trade Idea
Breakout Entry: ₹290–₹305
Retest Entry: Near ₹288 (if price revisits)
Stop Loss: Below ₹270
Target 1: ₹340
Target 2: ₹360
Target 3: ₹400
⚠️ Disclaimer
This chart analysis is for educational and informational purposes only. Not financial advice. Always do your own research before investing.
📅 Date: May 28, 2025
📈 Current Price: ₹309.25 (+9.99%)
📌 Ticker: NSE:ITI
🧠 Technical Analysis Overview
✅ Cup & Handle Breakout 🍵📈
Price action has formed a classic Cup & Handle pattern — a bullish continuation setup indicating a potential uptrend continuation. The breakout is confirmed with a strong bullish candle and significant volume surge today.
✅ Volume Confirmation 📊
Today’s breakout above the ₹288 resistance comes with massive volume (~11.6M), validating strong buyer interest and momentum behind the move.
📍 Key Price Levels
📌 Breakout Level:
✅ ₹288.05 (Previous resistance flipped into support)
📌 Immediate Resistance / Targets
🎯 ₹340 – ₹360 (Short-term target based on pattern projection)
🎯 ₹400+ (Medium-term upside potential if momentum sustains)
📌 Support
🟨 ₹288 (Breakout retest zone)
🟥 ₹270 (Handle support)
📈 Trade Idea
Breakout Entry: ₹290–₹305
Retest Entry: Near ₹288 (if price revisits)
Stop Loss: Below ₹270
Target 1: ₹340
Target 2: ₹360
Target 3: ₹400
⚠️ Disclaimer
This chart analysis is for educational and informational purposes only. Not financial advice. Always do your own research before investing.
Trade closed: target reached
The first resistance level has been touched. If the trend is to continue, it's important to follow a trailing stop-loss strategy and patiently wait for the price to approach the second resistance level.
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.
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.