ITI trade ideas
ITI - Bullish Swing Reversal with VolumesNSE: ITI is closing with a bullish candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been consolidating for the past few days which is indicating demand.
One can look for a 8% to 13% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
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Disclaimer:
This is for educational purposes only.
Indian Telephone Industries Ltd (Long)Good volume seen
took support at 116-117 and bounced back
trading above 200 EMA on daily chart
following trendline resistance buy once this resistance is broken by strong candle
Buy 121-122
SL 116 - 117
TGT 133 - 137 - 143
Please do correlate by yourself also on charts. This is for educational and paper trading purpose only. Please consult your financial advisor before investing.
ITI :: Looking for a good Break ITI closed at a very good point, a breaking point of Flag and Pole pattern which looks to play out well...
If ITI sustains above 127 levels we can see an up swing towards 160 levels in near future...
Since the pattern is on weekly chart, the stock will take time to mature for about 1-2 months.
pl. keep an eye on it...
Note: Only educational purpose not a trade advice.
Flag pattern and BO just now..Flag pattern and breakout from it...but volumes are not too good. On 15 June 2020, it broke out with huge volumes from a channel. Flags are known to give good moves, but let's wait and see...Targets are highlighted by horizontal lines..Trade at your own risk. This is just for educational purpose.
ITI - At Crucial Level - Long or ShortITI CMP - 124.50
Indian Telephone Industries Limited is at an interesting levels and can breakout anyside. One can go for Intraday trade setup on both sides with the following entry, exit & targets
Buy at or above 127 - 127.50 / Stop Loss 123
Target 1 - 129
Target 2 - 132
Target 3 – 134 / 135
Sell at or below 123.50 / Stop Loss 128
Target 1 - 122
Target 2 - 121
Target 3 – 120 / 118
Disclaimer: This is my view and for educational purpose only.