ITI - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 3.7

Here’s a detailed technical analysis of ITI Ltd (ITI)

📊 Trend Overview

Phase: Reversing from downtrend with emerging momentum

Price Action: Trading above both 50-DMA (₹306) and 200-DMA (₹299), indicating a short-term bullish crossover.

Volume: Significantly below average (3.7L vs 12.3L), suggesting weak conviction behind the recent move.

📈 Momentum Indicators

RSI (57.7): Neutral-to-bullish zone — indicates improving momentum but not yet overbought.

MACD (4.89): Positive and diverging — confirms bullish momentum building.

Bollinger Bands: Price likely approaching upper band, suggesting strength but also potential for short-term resistance.

🧭 Chart Patterns

Rounded Base Formation: Price recovery from ₹210 lows forming a base — early signs of reversal.

Trendline Support: Rising trendline from ₹210 remains intact, supporting the current structure.

🔍 Support & Resistance Levels

Level Price (₹) Commentary

Support 1 306 50-DMA, short-term base

Support 2 299 200-DMA, long-term support

Support 3 270 Previous swing low

Resistance 1 330 Minor resistance zone

Resistance 2 360 Pre-breakdown congestion zone

Major Resistance 420 Mid-recovery target

🎯 Entry & Exit Zones

Optimal Entry: ₹306–₹317 (on dips with volume confirmation)

Short-Term Target: ₹330–₹360

Exit Zone / Stop-Loss: ₹299 (below 200-DMA)

🔄 Short-Term Outlook

Momentum: Improving but needs volume confirmation

Bias: Bullish above ₹306; cautious below ₹299

Phase: Reversing — early signs of trend recovery

🧠 Key Takeaways

ITI is showing signs of technical recovery after a prolonged downtrend, supported by moving average crossover and positive MACD.

RSI suggests momentum is building, but low volume raises caution.

A breakout above ₹330 with volume could confirm reversal and open upside toward ₹360–₹420.

Let me know if you’d like a chart visualization or screener of similar reversal candidates.

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