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ITI trade ideas

ITI Swing Speculation 1. Technical Chart Patterns Overview: • Key Resistance Zone (~342-350 level): The chart indicates a historical resistance zone between the levels of 342 and 350. Price has struggled to break through this level on multiple occasions, making it a potential profit-booking zone for swing traders. • Support Zone (~280 level): A visible support zone around 280 levels, which acted as a consolidation base previously and where buyers have stepped in historically. • Breakout/Failed Breakout Pattern: Recent candles showed a sharp upward movement approaching the resistance zone but faced selling pressure and pulled back. The wick and overall rejection suggest the possibility of either a failed breakout attempt or a reversal. 2. Trendline Considerations: • Upward Trendline Support: The chart shows an upward sloping trendline acting as support during recent rallies. A retest of this trendline could offer a potential buying opportunity if supported by strong buying volume. • Possible Breakdown Scenario: If the price closes below this trendline and the key support at 280, further downward movement can be expected. 3. Swing Trade Scenarios: Bullish Scenario: • A sustained move and close above the 342-350 resistance zone could lead to bullish momentum, targeting higher levels near 370-380, which may have been previous supply zones. • Consider entering a long position on a retest and successful hold above 342 with a stop-loss below the breakout level. Bearish Scenario: • If there is a rejection at 342 and a breakdown below 280 support, it may present a bearish swing trade opportunity targeting the next major support around 210 levels. • A conservative approach would involve waiting for a retest and rejection near 280 after a breakdown. 4. Volume Analysis: • The volume appears to spike on major upward movements, indicating institutional or large trader participation. • Declining volume during pullbacks suggests reduced selling pressure, implying that any upward reversal could be driven by strong demand. 5. News-Based Consideration: • It is essential to review any recent news regarding the company, such as earnings announcements, government contracts, or industry developments. Positive news could support a bullish breakout and continuation, while negative developments may lead to a breakdown of key levels. • Monitor sector-specific news in telecommunications or any government policies affecting this sector for their impact on sentiment. 6. Risk Management: • Stop-Loss Placement: Consider placing stop-loss orders slightly below key support levels to manage downside risk. • Position Sizing: Adjust position sizes based on volatility and the distance to your stop-loss to maintain consistent risk exposure. This analysis is speculative and contingent upon technical movements, volume, and any emerging news. It is recommended to corroborate with fundamental analysis and be alert for unexpected news developments that could affect market dynamics. Disclaimer: This analysis is for informational and educational purposes only and should not be considered financial advice. Trading and investing in financial markets involve risk and may not be suitable for all individuals. Past performance is not indicative of future results. It is essential to conduct your own research, assess your financial situation, risk tolerance, and consult with a qualified financial advisor before making any trading or investment decisions. The information provided here is based on technical chart patterns and market trends and is subject to change due to market conditions or unforeseen events.
NSE:ITILong
by tintinhawk
ITI LTD S/R for 15/7/24Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support. Support levels are represented by the green line and green shade, indicating areas where buying interest may emerge to prevent further price decline. Resistance levels are represented by the red line and red shade, indicating areas where selling pressure may arise to prevent further price increases. Traders often consider these levels as potential buying or selling opportunities. Breakouts: Breakouts occur when the price convincingly moves above a resistance level (red shade) or below a support level (green shade). A bullish breakout above resistance suggests the potential for further price increases, while a bearish breakout below support suggests the potential for further price declines. Traders pay attention to these breakout signals as they may indicate the start of a new trend or significant price movement. 20 EMA: The yellow line denotes 20 EMA, to interpret the 20 EMA, you need to compare it with the prevailing stock price. If the stock price is below the 20 EMA, it signals a possible downtrend. But if the stock price is above the 20 EMA, it signals a possible uptrend. Disclosure: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It is important to consult with a qualified financial advisor before making any investment decisions. Tweets neither advice nor endorsement.
NSE:ITI
by zenthosh
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. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:ITILong
by radha_23
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. Request: Please support by Like, follow, comment, share and boost. 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. You can follow me in social media through links given below-
NSE:ITILong
by suraranjanganguli
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. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade Disclaimer: This is for educational purposes only.
NSE:ITILong
by BrahmaBull31