ITI Limited

• 07 January, 2025 Ruchit Thakur

ITI Limited

ITI Limited continues to grow and break records, it appears to be a prudent long-term investment.

Please read over and understand ITI Limited's weekly chart. According to the chart, ITI Limited, which has so far shown remarkable performance, is a prudent investment in the 380-400 zone, which it enters at any drop. It also offers a lot of chances for development.

Please see the weekly chart for ITI Limited. The stock is currently rising quickly and trading above horizontal resistance after leaving the 380-400 range. According to the report, there is currently a significant demand at 480 levels. The chart below shows the expected upward open range, which is between 780 and 800.

• ITI Limited expanded after making a significant breakthrough in the 380-400 zone and is currently a great long-term investment potential.
• ITI Limited might be able to grow and accomplish its goals between 780 and 800 because of its advantageous location.
• Because the risk-reward ratio is appropriate for cash transactions, the optimum moment to buy the stock is right now, when it is between 380 and 400.
• The chart shows that the stock is coming out of an ascending triangle formation, with a target price of 780 to 800.

The ITI Limited weekly chart is attached. The weekly chart displays demand between 380 and 400, where an upward breakthrough and horizontal resistance are present. The stock price reflects the increasing demand.

It looks like a decent moment to purchase the stock at the current price given its recent peak. Watch for the horizontal resistance to break as a result. As of this writing, the demand has increased and could possibly go close to the 780-800 range that was expected.  

ITI Limited's current goals fall between 780 and 800. The rising triangle served as the structural cornerstone of the organization. The rising triangle is an often used chart pattern in technical analysis. Price fluctuations at the swing high and low result in a rising trend line and a horizontal line, respectively. Between these two lines, a triangle is formed.

Given the strong demand for the stock, investors might be searching for long-term buying opportunities in the 380-400 range. During market downturns, this company's value should increase due to its exceptional risk-reward profile. Don't miss the opportunity to buy this stock. Invest in this business; even during recessions, it has a lot of potential. 

Rich investors can purchase as much stock as they require, try to sell it between 780 and 800, and put a stop loss at roughly 320.

The stock or instrument may climb quickly on the upside with heavy volume and surpass the goal if there is no price movement prior to a discernible increase. Traders and investors are still interested in the volatility contraction patterns, or VCPs. To discover more about VCP patterns, visit our website or download the FxCareers app from the Google Play Store. We also provide precise pattern identification.

The weekly chart of ITI Limited shows both resistance and support. The spot chart displays each level. 

Company Profile: A public sector enterprise in the telecommunications technology sector, ITI Limited was founded in 1948 as a departmental factory. In addition to an R&D center in Bengaluru, the company has manufacturing facilities in Bengaluru, Naini, Rae Bareli, Mankapur, and Palakkad. It also has 25 Marketing, Services & Projects (MSP) centers in India, which are spread across 17 different locations, including Bengaluru, Bhubaneshwar, Chennai, Hyderabad, Kolkata, Lucknow, Mumbai, and New Delhi.

Gigabit Passive Optical Network (GPON), Managed Leased Line Network (MLLN), Wi-Fi Access Point, Radio Modem, SMPS, Set Top Box, Defense products like multi-capacity encryption units, Bulk encryption Units (BEU), Terminal End Secrecy Devices (TESD), passive infrastructure products like optical fiber cable, HDPE duct, and antenna, and diversified products like smart energy meters, smart cards, solar panels, and mini personal computers are among the company's wide range of varied product offerings.

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