Indian Telephone Industries Limited
Long
Updated

ITI - symmetrical triangle formation going on,watch for breakout

234
symmetrical triangle formation going on in daily and weekly snapshot

volatility decreasing and BB is squeezing, snapshot breakout to be followed soon.

since it was in an strong uptrend, upside breakout expected here.

safe traders should wait for breakout. Risky traders may enter with a sl - 91.

we ll discuss on tgt after the breakout.
Trade active
breakout with good volume, closed at 103.75, tgt should be 116 then 130
Trade active
retesting the broken trend line snapshot
Trade closed manually
trend line support broken, looks bearish snapshot
Note
downtrend is established in ITI, in weekly. BB also downward here. snapshot

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