Larsen & Toubro Infotech Ltd. - Analysis
Larsen & Toubro Infotech Ltd.
Short term positive bias continues ahead of 100MA: (1666) & (1675) resistances.
It is important to keep in mind that the 100MA zone can act as strong resistance for the price.
RSI trying to hold 40 as support but until it is able to cross 50 and hold it strongly as support there is less chance for the upside momentum.
Short term sell-off can pressurize the price to test 1600 and below that (1550) - 1530(50MA) - (1500).
Short term positive bias continues ahead of 100MA: (1666) & (1675) resistances.
It is important to keep in mind that the 100MA zone can act as strong resistance for the price.
RSI trying to hold 40 as support but until it is able to cross 50 and hold it strongly as support there is less chance for the upside momentum.
Short term sell-off can pressurize the price to test 1600 and below that (1550) - 1530(50MA) - (1500).
-
Garey
Whatsapp - +91 9999 504 500
Garey
Whatsapp - +91 9999 504 500
-
Garey
Whatsapp - +91 9999 504 500
Garey
Whatsapp - +91 9999 504 500
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.