1. 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...
ITI 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..
symmetrical 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.
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.
NSE: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.
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...
