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...
Entry above 293 Targets: 345/390 SL: weakness below 272 EMA's : EMA 10 > EMA 21 > EMA 50 > EMA 150 > EMA 200. Price surfing along EMA10/20 and trying to breakout the recent highs.
Buying ITI in DAILY positional trade Good structure making HH-HL.
Bullish View SL : 116.80 Target : 161.25, 199.6+++ Risk is yours and Reward is too yours totally
if a day candle closes above 124 , can go for long , keep your stop loss.
ITI Stock consolidated for more than 20 years in a range, RSI Showing W pattern and holding above 50 mark supporting a breakout in upcoming days for a big side rally. Enter Once Days Candle Close Above: 125.00 Stop-Loss Days Candle Close Below: 80.50 Target 1 >> 164.50 Target 2 >> 225.00
ITI Stock made weekly high. the stock if kept momentum may go up based on price vol. action Both Potential Targets and Stop loss mentioned on the chart. ***Educational content *** Not a Recommendation
Breakout weekly very near: Buy above 141 closing for a target of 155. If 155 sustains can very well reach 180 as it will be open to blue skies.
Indian Telephone Industries limited has broken above from a symmetrical triangle pattern. Initiate long when the stock retests the breakout point of 86-87. Target 1: 100 Target 2: 104 Stop Loss : 83