ITI - Weekly Chart Analysis, CMP-353.40
After breaking out of the supply zone 152-164, it consolidated for 3 weeks and with such urgency it rallied further.
After which it formed a base of 11 weeks and 27% range and this week it broke out of that base again on good volumes.
245 would act as good support but 300 shall now act as minor support level. so with that risk
we can watch for 444 - 597 levels that it can be test over the long term.
Disclaimer: This is just a study and shared here for educational purpose. It is not a buy/sell recommendation in any way. If you intend to trade this counter then do your own due diligence and trade at your own risk.
After which it formed a base of 11 weeks and 27% range and this week it broke out of that base again on good volumes.
245 would act as good support but 300 shall now act as minor support level. so with that risk
we can watch for 444 - 597 levels that it can be test over the long term.
Disclaimer: This is just a study and shared here for educational purpose. It is not a buy/sell recommendation in any way. If you intend to trade this counter then do your own due diligence and trade at your own risk.
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.