Long
LTI LONG BUY - IT booming
Out of the 10 stocks in 
CNXIT index , NSE:LTI has 5.94% weightage.
The stock is at a good support level and also in a trendline support, following from July 2021.
As IT sector started booming again , as per my view, We may see this stock hit 8000 in near weeks.
IT sector view : looks bullish for next couple of weeks
The trade seems in a good reward to risk ratio (~ 3.98)
Trade Details:
Entry: 7150 or below
Stop Loss : 6950
Target: 8000
Duration: 3-4 weeks
As this stock has a earning release today, we may see a gap up on today.
Stay Safe, Happy Investing:)
CNXIT index , NSE:LTI has 5.94% weightage.The stock is at a good support level and also in a trendline support, following from July 2021.
As IT sector started booming again , as per my view, We may see this stock hit 8000 in near weeks.
IT sector view : looks bullish for next couple of weeks
The trade seems in a good reward to risk ratio (~ 3.98)
Trade Details:
Entry: 7150 or below
Stop Loss : 6950
Target: 8000
Duration: 3-4 weeks
As this stock has a earning release today, we may see a gap up on today.
Stay Safe, Happy Investing:)
Trade active
Note
Can be bought at this level @7050Trade closed: stop reached
Related publications
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.
Related publications
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.