Share Price : Rs.91.5
Listed On : NSE & BSE(523610)
Sector : Telecommunication Equipment
Technical Chart Study:
Technical chart of ITI Ltd looks really wonderful and strong at present level. My chart study is saying a quick upside movement possible anytime. If you notice Monthly chart carefully you can find a strong breakout is already there and daily, weekly both charts also has given wonderful breakout. After breakout it is giving some correction now and I think this correction is only for overall market correction and retesting breakout level which has already done by ITI. Please notice previous Flat pattern breakout. It's really very promising and strong. After that chart has given some correction to the breakout level and then blasted again like rocket and now again giving correction and making a Triangle pattern. I am choosing this stock for study purpose because only of superb technical breakout chart. Friends and learners hope you can catch my point and learn properly form my post. Now take a look at my chart of ITI ltd.
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| Weekly chart of ITI Ltd |
Fundamental Study:
ITI ltd is a Government of India undertaking company which was incorporated in 1950 as Indian telephone Industries. For more detail please visit company's website Click Here.
ITI has huge market capital and it's PE is grater than it's Industry PE which is not good as per data analysis rule. Deliverable percentage is average. As per fundamental data I am not pleased at all with ITI as company's Reserves condition are hugely negative and Debt also high. Reserves vs Debt ratio is very worse. Net current asset, Total asset are also negative. Total income is increasing gradually and very strongly. Operating profit also negative but increasing gradually. Reported Net Profit is entered in positive zone this yeas and Earning Per Share also recovered and looks very good. Current Ratio, Debt to Equity Ratio, Interest Coverage Ratio all data are bad.
Over all Fundamentally I am not convinced with ITI but as per technical chart I think something good will be happen with this company and expecting huge movement very soon.
This post is only for study purpose. Please use it for study only. I will update this post time to time. Keep learning and enjoy.
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