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Ltilong

LTIM - Ready for A Short Term Swing Trade ?LTIMINDTREE is currently trading in a support zone of 4850. It is trading in a good demand zone. So I'm taking long position in April Futures at CMP 4860-4870. I will be adding more position if 4750 comes & will hold with SL below 4700. I'm also tracking LTIM 5000 CE as well. I will be adding position in this too. I'm expecting it to bounce from here and reach 5300-5500 soon which is 10-12% upside from here. Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
NSE:LTIMLong
by akshit_official
1
LTI - Elliot wave structure of LARSEN & TOUBRO INFOTECHLTI is showing wave structure like, either larger wave A-B-C is done and now deeper retracement is possible as a wave X, or after wave 1-2-3 is done and now possibly in wave 4, where wave A-B is done and now wave C is unfolding. This stock can see good pullback towards north direction nearly above 4600 where wave C would be equal to wave A, on the way down 4000 and 3897 would be a crucial support levels to watch out for. All other trend indicators are also allowing to go long with mentioned levels on chart, RK's mass psychological cloud has confirmed buy signal on hourly chart along with support of RK's stop line which is good enough to rely on as always. Overall wave structure on daily chart price entered in RK's mass psychological cloud, along with RK's stop line support EMA's positive golden cross done on hourly chart Price closed above previous closing based highs on hourly chart macd positive crossover on hourly chart macd already in positive crossover and now uptick on daily chart RSI uptick and now its above 60 levels on hourly chart RK's Momentum is also positive crossed on hourly chart Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Disclaimer. I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
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LLong
by RK_Chaarts
5