ITI Showing StrengthNSE:ITI is showing strength from 200DSMA and with big volume candles after the breakout a few days earlier. MACD is showing a buy signal, a close above swing high, as shown in the charts, which will have a further quick upswing.
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ITI
Positional Trade - ITI📊 Script: ITI
📊 Sector: Telecomm Equipment & Infra Services
📊 Industry: Telecommunications - Equipment
Key highlights: 💡⚡
📈 Script is trading at upper band of BB.
📈 MACD is giving crossover.
📈 Double Moving Averages are giving crossover.
📈 Stock is Moving along with Volume so there is volume breakout also, we may see some profit booking because today stock was up by almost 12%.
📈 Right now RSI is around 55.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 279
🟢 Target 🎯🏆 - 324
⚠️ Stoploss ☠️🚫 - 256
⚠️ Important: Always maintain your Risk & Reward Ratio.
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ITI - Weekly Chart Analysis, CMP-353.40After 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.
ITI Stock Symmetrical Bullish Breakout 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