Lloyds Engineering Works Ltd – Ready to Blast from Support Zone!Lloyds Engineering is showing a textbook Inverted Head & Shoulders pattern on the weekly timeframe — a strong reversal formation that often precedes a major uptrend.
The support zone near ₹57–₹58 has held firmly for months, acting as a base for accumulation.
A bullish structure is clearly visible, with both shoulders aligning near the same horizontal support and increasing volumes hinting at smart money participation.
Once the stock decisively breaks above the ₹64 neckline zone, a powerful breakout toward ₹80+ could unfold in the coming weeks.
🎯 Key Levels:
CMP: ₹58.73 (+0.22%)
Pattern: Inverted Head & Shoulders
Support Zone: ₹57 – ₹58 (Strong base)
Neckline / Breakout Zone: ₹64 – ₹66
Target Zone: ₹80 – ₹85
Stop-Loss: ₹54 (Weekly close basis)
📊 Technical View:
Inverted Head & Shoulders forming over a year-long base.
Strong volume spikes near the right shoulder = early accumulation.
EMAs flattening and ready for crossover confirmation.
Sustaining above ₹64 could ignite momentum breakout toward ₹80+.
🧠 View:
Lloyds Engineering looks technically ready for a breakout. With the pattern structure completed and strong volume support, a close above ₹64 can trigger a new uptrend — this one’s “ready to blast.”
