ParamjitMahapatro
Long

ITI - symmetrical triangle formation going on,watch for breakout

NSE:ITI   Iteris Inc
symmetrical triangle formation going on in daily and weekly

volatility decreasing and BB is squeezing, 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
Trade closed manually: trend line support broken, looks bearish
Comment: downtrend is established in ITI, in weekly. BB also downward here.
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