SWING IDEA - ITI

MACD Cross is in play. If it succeeds, stock can go to its next leg up with good volume.
Keep an eye on stock for the coming weeks.

Note

Note: Take entries only on successful MACD Cross.
MACD Cross is still in play as of this week.

Trade closed manually

Max Profit booked : 4.5%

Unfortunately due to negative reaction of market due to Election Poll, stock has taken a turn downward now.

Strictly DO NOT engage in any entries now as the Key Support might have been broken.

Note

Hammer/Dragonfly Doji candles have formed in the Weekly chart. Let's wait another week to see if this trade can be considered again. MACD crossover has still not happened.

Note

Stock might be ready for another Entry.
Stay Tuned. Will post new Idea when it is ready.

Note

Looks like ITI is finally ready to perform now.

Note

Positive News: Telecom equipment-maker says it will sell land to a state-run telecom equipment firm for 2 bln rupees ($24 mln).

thepranam

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thepranam

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