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)
11.00INR
449.448MINR
126.844MINR
12.846M
About INDUSTRIAL INV TRU
Sector
Industry
CEO
Cumi A. Banerjee
Website
Headquarters
Mumbai
Employees (FY)
12
Founded
1933
ISIN
INE886A01014
Industrial Investment Trust Ltd. is a non-banking finance company, which engages in investment and leasing business activities. It operates through the following segments: Investment Activity, Insurance, Real Estate, and Others. The Investment Activities segment involves the investments business. The Real Estate Activities segment covers real estate development and related activities. The Insurance segment consists of the life insurance business. The Others segment represent the marketing management activities. The company was founded on August 10, 1933 and is headquartered in Mumbai, India.
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.
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