LTI looking good for investment at this level in the next 3 to 6 months it might give a good move in an upward direction. All the level marks on the chart: Red line: Stop Loss Green line: Target One Green line: Target Two
LARSEN & TOUBRO INFOTECH (LTI) 1. Turning from Past reference. 2. Carry lots of upside potential. 3. Play with Next month's options (CE) as well. 4. Entry / SL / TGTs are depicted on the chart (Self-explanatory)
LTI 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...
he LTI is strong chart in IT Sector. 5558 is the stop loss of this chart in the weekly chart closing basis.
in the few week the LTI Share in correction zone, the share is the double top formatin in the weekly chart, at correct level be careful for your trading or positional position.