SITC Long Trade - Breakout almost confirmedSITC has given a breakout from Fib 0.618 of previous all-time high level on monthly time frame which will be confirmed on monthly closing.
Next targets are 540 (Fib 0.786) and then previous all time high 630.
Crossing it will open up gates to 1,000+
RSI is in bullish zone. Volumes of last two days confirm the breakout as well.
Its my personal analysis, not a buy / sell call.
SITC trade ideas
SITC – BUY SIGNAL | 01 AUGUST 2025 SITC – BUY SIGNAL | 01 AUGUST 2025
The stock previously broke out of a trading range (marked light blue channel) and marked a high of Rs. 634. After a shallow pullback to Rs. 478, it spiked upwards again, creating multiple bullish structures. Recently, it rebounded from a key bullish structure and is now entering a new upward leg with good momentum. Quantified displacement targets lie ahead.