Key Points
Sectorally, buying was seen in metal, oil & gas, consumer durable and FMCG while utilities, power, and realty stocks saw some some selling pressure...
Investors who entered at lower levels are advised to secure profits by booking partial positions at the current market price (CMP) while prudently trailing their stop loss at the 383 level...
Notably, ITI maintains a robust technical posture by comfortably holding its position above the crucial 20-day, 50-day, and 200-day Exponential Moving Averages (EMAs), reflecting a solid base and signalling a positive trend...
Employing trailing stop losses, with a protective buffer near the significant support level of 335, is a prudent risk management strategy for investors who entered the market at lower levels...
This breakout, distinguished by substantial volumes, marks a crucial milestone as the stock reaches all-time high levels, indicative of robust strength.. Notably, the breakout is further reinforced by the stock's ability to trade above its short-term (20 Day), medium-term (50 Day), and long-term (200 Day) exponential moving average (EMA) levels...
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