ITI Ltd. Symmetrical Triangle – Breakout/Breakdown Imminent!
Analysis:
ITI Ltd. is trading within a symmetrical triangle pattern on the 15-minute chart. This formation often precedes a strong directional move.
📊 Key Levels:
Current Price: ₹374.65
Upside Target: ₹400
Downside Target: ₹350
Support Zone: ₹343.94
Trade Plan:
Await a breakout above ₹380 for bullish entry.
Breakdown below ₹370 could trigger bearish momentum.
Volume confirmation is key for stronger conviction.
💬 What’s your take on this setup? Let us know in the comments!
ITI Ltd. is trading within a symmetrical triangle pattern on the 15-minute chart. This formation often precedes a strong directional move.
📊 Key Levels:
Current Price: ₹374.65
Upside Target: ₹400
Downside Target: ₹350
Support Zone: ₹343.94
Trade Plan:
Await a breakout above ₹380 for bullish entry.
Breakdown below ₹370 could trigger bearish momentum.
Volume confirmation is key for stronger conviction.
💬 What’s your take on this setup? Let us know in the comments!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.