LTI (Daily) - Head & Shoulders Chart Pattern
Updated
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
Comment
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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