INDIAN TELEPHONE INDUSTRIED LTD - NSE | Daily Chart

28 May

📊 INDIAN TELEPHONE INDUSTRIES LTD (ITI) – NSE | Daily Chart
📅 Date: May 28, 2025
📈 Current Price: ₹309.25 (+9.99%)
📌 Ticker: NSE:ITI

🧠 Technical Analysis Overview
✅ Cup & Handle Breakout 🍵📈
Price action has formed a classic Cup & Handle pattern — a bullish continuation setup indicating a potential uptrend continuation. The breakout is confirmed with a strong bullish candle and significant volume surge today.

✅ Volume Confirmation 📊
Today’s breakout above the ₹288 resistance comes with massive volume (~11.6M), validating strong buyer interest and momentum behind the move.

📍 Key Price Levels
📌 Breakout Level:
✅ ₹288.05 (Previous resistance flipped into support)

📌 Immediate Resistance / Targets
🎯 ₹340 – ₹360 (Short-term target based on pattern projection)
🎯 ₹400+ (Medium-term upside potential if momentum sustains)

📌 Support
🟨 ₹288 (Breakout retest zone)
🟥 ₹270 (Handle support)

📈 Trade Idea
Breakout Entry: ₹290–₹305
Retest Entry: Near ₹288 (if price revisits)
Stop Loss: Below ₹270
Target 1: ₹340
Target 2: ₹360
Target 3: ₹400

⚠️ Disclaimer
This chart analysis is for educational and informational purposes only. Not financial advice. Always do your own research before investing.

29 May

İşlem kapandı: hedefe ulaştı

The first resistance level has been touched. If the trend is to continue, it's important to follow a trailing stop-loss strategy and patiently wait for the price to approach the second resistance level.