Stock Name - ITI Ichimoku Cloud Setup : 1). Today's close is above the Conversion Line 2). Kumo Flux with Volume 3). Kumo Twist is visible in Today's closing All these parameters are showing bullishness and More strength will be visible above 107. #This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn...
Symmetrical triangles occur when a security's price is consolidating in a way that generates two converging trend lines with similar slopes. The breakout or breakdown targets for a symmetrical triangle is equal to the distance between the initial high and low applied to the breakout or breakdown point.
ITI LTD is now near with breakout. Short-term target 10%.
Triangle chart formed and had a breakout Taken support on 44SMA Entry upto 133, Stoploss of 121 TARGET :- 157 NSE:ITI
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Reasons to buy: -RSI above 60 -MACD Crossover -Highest volume in the past 5 trading sessions
buy 122-124 target 131 sl117-DKM SIR buy and hold as per your risk
Breakout Seen buy at retracement, Stong Support at 100 -TG208
ITI - Indian Telephone Industries Ltd BUY above 126 once MA 200 is broken. TARGET 1 - 132.5 TARGET 2 - 145 SL - 117.5
Buy iti above 137.5 it has given closing above 50 sma with heavy volume. Only for education purpose.