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
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.
ITI | Again another Flag for 20% to 40% Monthly time frame, shows the breakout and proper retracement again. Attached monthly time frame chart below in comment section. CMP : 128 (Any dip to 115 level is a great buying opportunity) SL : 110 Target : 155, 190
TAKEN GOOD support at the trend line stock is our performing target 1 is 155 target 2 is 160-164 stoploss is 120 on closing basis
HELLO FRIENDS I AM AGAIN WITH A NEW IDEA. FRIENDS I HAVE ITI CHART PATTERN HERE .FRIENDS IT IS MAKING A ASCENDING TRIANGLE CHART PATTERN . ITS SUPPORT PRICE IS AT RS 134 AND RESISTANCE PROCE IS AT RS 145 . ITS TARGET FOR DOWNWARD YOU CAN TAKE IS BETWEEN RS 131 . . ALSO FRIENDS FROM MY OPINION I THINK IT CAN GO ANYWHERE IT DEPENDS ON FROM WHICH CANDLE IT WILL...