OK THIS is my second analysis after fairchem , for which i updated when i sold .
The IT sector as a whole down due to external circumstances , No internal issues in almost all the it companies.
Considering this opportunity to invest or even trade for short term gains . I prefer mid cap which has better safety against sell off and higher profit percentage margin.
1 . LTI has been consolidating and formed a clear CUP AND HANDLE PATTERN .
2. It has taken support 4 times on a higher time frame .
3. The price sustained even when nifty had a major fall.
4. The handle breakout can push the stock price to 5100-5600.
5. HOLD for next 2-3 months with results upcoming for the SEP quarter .
The IT sector as a whole down due to external circumstances , No internal issues in almost all the it companies.
Considering this opportunity to invest or even trade for short term gains . I prefer mid cap which has better safety against sell off and higher profit percentage margin.
1 . LTI has been consolidating and formed a clear CUP AND HANDLE PATTERN .
2. It has taken support 4 times on a higher time frame .
3. The price sustained even when nifty had a major fall.
4. The handle breakout can push the stock price to 5100-5600.
5. HOLD for next 2-3 months with results upcoming for the SEP quarter .
Trade active:
Exited position in LTTS today and added more quantity in LTI.
Upcoming September quarter results.
LTI seemed better option against LTTS .
Lets see. Will hold for a while Lets see.
Upcoming September quarter results.
LTI seemed better option against LTTS .
Lets see. Will hold for a while Lets see.
Trade active:
Price took perfect support with volume and is handling global pressure quiet well .
Added some quantity at 4650.
Result tomorrow 15 October ,
Almost all the IT companies have shown good result , Mindtree exceptional result and Wipro being the worst .
Even decent result from LTI will help push the price above 5200 .
Hold tight Remain invested.
Added some quantity at 4650.
Result tomorrow 15 October ,
Almost all the IT companies have shown good result , Mindtree exceptional result and Wipro being the worst .
Even decent result from LTI will help push the price above 5200 .
Hold tight Remain invested.
Trade active:
One more thing expect major uptrend move after proper breakout of 5100 price .
As observed the company repeatedly shows very good SEP QUATER results in previous years . Profits start declining after December quarter.
Maintaining HOLD for SWING And LONG TERM INVESTOR . Fundamentally very strong company.
4400-4600 KEEP adding .