ITI Limited (ITI) Stock - Complete Technical Analysis - Nov 08, 2024

ITI Limited Stock Analysis: Key Support, Resistance & Trend Indicators Technical Breakdown

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Investing in stocks involves risks, and it's essential to conduct thorough research or consult with a financial advisor before making investment decisions. Technical Analysis of ITI Limited (ITI) Stock In-depth Review for Traders:

ITI Limited, currently trading at 304.24, has demonstrated solid bullish movement recently. It is 20.83% off its 52-week high and 44.88% above its 52-week low, signaling a solid mid-range performance. A Three White Soldiers bullish continuation pattern indicates sustained buying momentum. The stocks Relative Strength Index (RSI) at 74.4 shows it's nearing overbought conditions, cautioning short-term traders but still affirming the bullish momentum.

The Average Directional Index (ADX) value of 35.79 suggests a strong trend, which is supported by the MACD and Awesome Oscillator. The Commodity Channel Index (CCI) is exceptionally high, further reinforcing the trend. Moving averages such as the 10-day EMA at 246.64 are well below the current price, suggesting support for upward movement.

Key resistance levels to watch are near the highs of 317.0 and 294.13, while support can be found around the 200-day EMA (269.33) and 200-day SMA (288.13), indicating potential pullback zones. The stock shows strong volatility with an ATR of around 10.5, suggesting that traders should stay alert for price fluctuations.

In conclusion, ITI is in a strong bullish trend but may experience short-term pullbacks. Traders should monitor key support levels and resistance zones for actionable entry and exit points.