Updated
LTI (Daily) - Head & Shoulders Chart Pattern
Larsen & Toubro Infotech (LTI) - Daily
Chart Pattern - Head & Shoulders
Current Market Price* - 6613
(*at the closing on the date of posting this chart pattern idea)
Target 1 - 6268
Target 2 - 5666
Price has entered the 4th wave in the daily timeframe as per the Elliott wave count
-DI is above the +DI and the ADX is above 15 in the Directional Movement Index (DMI)
On the weekly tide too, all indicators / oscillators are favoring shorting
Chart Pattern - Head & Shoulders
Current Market Price* - 6613
(*at the closing on the date of posting this chart pattern idea)
Target 1 - 6268
Target 2 - 5666
Price has entered the 4th wave in the daily timeframe as per the Elliott wave count
-DI is above the +DI and the ADX is above 15 in the Directional Movement Index (DMI)
On the weekly tide too, all indicators / oscillators are favoring shorting
Note
I wrote Inverted Head & Shoulders on the chart by mistake It is a Head & Shoulders chart pattern
So, please ignore the mistake
Thank you @smarttradervikas for pointing out !
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.