Returned from resistanceReturned from 2/1 descending line. Support is at 97, resistance at 109, target 127 in intermediate term
ITI trade ideas
#ITI1) Form a box, from the wave starting emcompassing bodies
2) Since none of the BoxBO are yet complete
3) Start the point low candle where CCI34 crosses above
-100 till current High with Fibonacci Extension Tool
4) Tool will give you the targets 117.45/128.45/146.30
5) For duration count the candles from CCI crossing > -100 will CCI>100
Here 27 candles acumulation = 9 candle momentum
= 9 days = 2 weeks
You have the targets and the duration!
ITI Daily Chart1. ITI is looking good at CMP number of demand zones but I am interested in DZ 1 and DZ 3
2. Demand Zone 1 why I am interested in the zone because of Gap up of 4th of April,
ITI may fill the Gap and rally
3. Demand Zone 2 is Weak zone is not fresh it has tested once so will avoid entering into DZ 2
4. Demand Zone 3 is the strongest Zone I will blindly Place buy order there
Note - We have to consider the Strength of Trend before entering the trade
The information is for educational purposes only and does not constitute an offer to sell nor a solicitation of an offer to buy any security which may be referenced by me.
The information provided through my charts is for personal, non-commercial, educational use and display.
ITI - Outperforming PSU CompanyITI Ltd Posted very good result - Q3 -
Total revenue 357crores vs 220crores YoY
Profit 76 crores vs (70) crores loss
Can be test 230+ levels in short term..
Just a view from learner..
ITI Long SetupITI looks good for long term investment purpose
Buy around 118 to 120
SL 112 CB
Targets = 140 , 160 and more
Keep on radar @ CMP 122ITI is showing good strength as it broke from its breakout zone. Considering this potential is that stock is willing to go more upper side.
ITI - symmetrical triangle formation going on,watch for breakoutsymmetrical triangle formation going on in daily and weekly
volatility decreasing and BB is squeezing, breakout to be followed soon.
since it was in an strong uptrend, upside breakout expected here.
safe traders should wait for breakout. Risky traders may enter with a sl - 91.
we ll discuss on tgt after the breakout.
ITI - Investment Stock!My favourite triangle formation in price action as well as in RSI indicator :) Can invest when the price action breaks the triangle and closes above 104 for the targets 120, 150 and 160. Always consult your financial manager before investing.Time duration is one to one and half years.
ITI : Setting up for breakout from symmetrical triangleNSE:ITI price action has formed a symmetrical triangle and soon a breakout can be expected.
Set your targets as per standard symmetrical triangle target calculation and SL at 97.
ITI Made Long on short term This stock surprised me when i invested in Nov at 34.50 and I sold my all stock on peak of 110 which gave me More than 219 % Profit
Now i am looking to reenter once the stock makes Near 105 with stop of 96
I am still in shock of surprise the amount of returns i received so I am expecting it will reach up to 145 + in 1 Month
If some one thinking its not bull market then , they have to close the stock trading and go home sleep well this market is not for them
its my experience and my opinion
Regards
ITI Short term Long Enter Near 47.50 Add More at 47 SL 45.75 Target 51.50/ 52.80
Holding Call for Week Only
