ITI Hits TP1! Target ₹450—Daily Chart Breakout!Indian Telephone Industries (ITI) on the daily timeframe has achieved TP1 and shows strong bullish momentum, making it highly probable to achieve TP2, TP3, and TP4. This trade was identified using the Risological Swing Trading Indicator , providing clear entry, stop-loss, and target levels.
Key Levels:
TP1: 301.40 ✅
TP2: 357.90 (Pending)
TP3: 414.40 (Pending)
TP4: 449.30 (Pending)
Technical Analysis:
The trade entry at 266.50 was confirmed with a breakout above key resistance levels, supported by bullish price action. The stop-loss is tightly placed at 238.25, ensuring risk is well managed. The current upward trajectory aligns with the Risological trend, signaling strong continuation toward the upper targets.
Traders should monitor the price action near TP2 and TP3 for any signs of consolidation or resistance, with the expectation of further upside potential.
ITI
Positional Trade - ITI📊 Script: ITI
📊 Sector: Telecomm Equipment & Infra Services
📊 Industry: Telecommunications - Equipment
Key highlights: 💡⚡
📈 Script is trading at upper band of BB.
📈 MACD is giving crossover.
📈 Double Moving Averages are giving crossover.
📈 Stock is Moving along with Volume so there is volume breakout also, we may see some profit booking because today stock was up by almost 12%.
📈 Right now RSI is around 55.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 279
🟢 Target 🎯🏆 - 324
⚠️ Stoploss ☠️🚫 - 256
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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ITI for Swing/Positional ViewITI Prediction for Swing/ Posional Trading
First trendline breakout at Entry 1 level. You can entry at Entry 1 level above 125.5 but there is a resistance 132-134 level. You can enter in trade at Entry 2 level above 134 close daily basis or you can entry at any of the above levels according to your experience.
SLs- 122,118,112( according to your entry and RRR)
Targets- 144,165,197,250,…
Intermediate Targets- 140,155,176,187,208,219,229,240,260,…
According to your “STOMACH” book your profit. Always maintain your risk management.
Watch Carefully – The Chart Explains For Itself.
Can anyone tell me which chat patterns are shown up here?
Disclaimer:
I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
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Happy trading.
About ITI -
ITI Ltd. engages in the business of manufacturing, trading, and servicing of telecommunications equipment and rendering other associated and ancillary services. It offers telecom products and total solutions covering the whole spectrum of switching, transmission, access, and subscriber premises equipment. The company was founded in 1948 and is headquartered in Bangalore, India.
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#QUICKHEAL 244 Buy TGT 300 SL 219 Recommended - Rachit Sethia QUICKHEAL 244
TGT 300
SL 219
RR >2
Return > 22%
TF < 6M
Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
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NSE: MOREPENLAB
CMP 31.70
Target 42+
SL 27.5
RR >2.5 times
Return > 30%
Timeframe < 6M
NSE:MOREPENLAB
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations.
With 💚 from Rachit Sethia
#astramicro #stockstobuy #trading #investing #Nifty #BankNifty NSE: ASTRAMICRO
CMP: 308.90
TARGET 424 37% Return on Equity ( Return on Investment )
STOP LOSS 271
RR > 3
Time frame 6m.
NSE:ASTRAMICRO
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations.
With 💚 from Rachit Sethia
$ITI Elliot WaveAs $ITI has not exhibited an upward EW pattern before, all we have to go off for a fractal match is to overlay the first and second waves. This gives us a pullback from the current position back the to 61.8% fib (around USD64) and then a further run up to a high of USD96 before falling back again.
Of course, as always this depends on the Chinese economy, and now the new factor of potential Trump and Brexit tariffs.