INDUSTRIAL INVESTMENT TRUST LTD(IITL):Likely Flag pattern break IITL: Formed a Long Pole consolidated a bit to complete Ple & Flag pattern.
Neckline breakout at 180 suggests a positional Target of 200
(For Educational purpose only)
INITL trade ideas
IITL BREAKOUTBottom round formation, multi year breakout
Volume Accumulation
RSI above 70 and rising
Above 40EMA
IITL - Weekly AnalysisIn the Weekly Chart of IITL ,
we can see that, it has given Trendline breakout.
Let it retest and then enter with SL.
Also, it is leading towards a big Cup & Handle breakout.
IITL - Weekly AnalysisIn the Weekly Chart of IITL ,
we can see that, it has multiple rejections at 110 level.
Also, multiple Pinbars are created near trendline.
Trade with strict SL.
