ITI - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 2.6

Here’s a sharp technical dissection of ITI Ltd., highlighting its chart signals, trend posture, and trade-worthy zones

📉 Trend Overview

Current Price ₹300 is below 50-DMA (₹310) but above 200-DMA (₹298) → hints at a potential base formation with mixed signals.

Price has dropped ~50% from its high (₹593) and is now in a volatile recovery phase after touching lows near ₹210.

🧭 Trend Status: Weak reversal attempt, but sentiment remains shaky.

🔁 Momentum Indicators

RSI (37.6): In low range, indicating oversold conditions and scope for a technical bounce.

MACD (-4.07): Deep negative zone with widening histogram → bearish pressure remains.

Volume (1.96L) vs Avg Vol (2.40L): Subdued volume → reflects cautious participation, typical near uncertain support zones.

📊 Bollinger Bands

Price likely hovering around the lower band, reinforcing oversold sentiment.

No major squeeze, but volatility could surface if any catalyst emerges (e.g., sectoral shift or news flow).

📐 Support & Resistance Matrix

Zone Type Price Range (₹) Commentary

Support 290 – 300 Previous pullback base, psychological support

Resistance 310 – 320 50-DMA zone, recent swing highs

Breakout Zone 325+ Clears supply zone and turns structure bullish

🎯 Trade Strategy

Entry Zone: ₹290–₹300 (oversold levels + bounce setup near support)

Exit Zone: ₹310–₹320 (resistance cluster at 50-DMA and swing zone)

Stop Loss: ₹285 (below recent low, invalidates reversal attempt)

🔍 Conclusion

ITI Ltd. is showing signs of reversal, but price action lacks conviction as fundamentals remain weak (negative ROE/ROCE, PAT loss).

Traders can look for a short-term mean-reversion play but with tight risk control.

A move above ₹325 on strong volume could ignite a bullish wave toward ₹345–₹360.

Want help stacking ITI against peers like Tejas Networks or STL to spot who's technically ready to run? Let’s break out the comparative charts 🔬📈

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