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LTIMINDTREE LTD
Long

LTIM - Cup & Handle Breakout

By sumaiya_khanam1

  • LTIMindtree Ltd. has formed a "cup and handle" pattern, breaking out with a sharp move above 5800 (resistance level), supported by strong volume.
  • MACD shows a bullish crossover, affirming the breakout strength.
  • RSI at 73.29 suggests high momentum but there is a possibility of a minor pullback or consolidation.
  • Entering around current levels (6100-6200) could be an option, but a pullback closer to the breakout level around 5800-5900 may provide a better entry point.
  • For swing traders, this breakout offers a strong opportunity.
Chart PatternsTechnical IndicatorsTrend Analysis
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