LTI Mindtree cmp 6696.95 by Weekly Chart view*LTI Mindtree cmp 6696.95 by Weekly Chart view*
- Price Band 5765 to 5865 Support Zone
- Stock Price is traversing within Rising Price Channel
- Weekly Support at 6210 > 5875 > 5425 with Resistance at 7055 >>> ATH 7588.80
- Multiple Bullish Rounding Bottoms completed with the neckline along the current Support Zone
- Price Band 6490 to 6600 is currently a Support Zone may become Resistance Zone, if Price Breaks Down
LTIM
LTIM- Symmetrical triangle - Breakout - DailyLTIM- Symmetrical triangle - Breakout - Daily
Name - LTIM
Pattern - Symmetrical triangle Breakout
Timeframe - Wkly
Volume - Very good volume
Cmp - 6146
Target - 10046
SL - 5989
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LTIM - SYMMETRICAL TRIANGLE BREAKOUT🔊 LTIM - LTIMINDTREE LTD.
⌛Duration - Long Term (8 month to 15 month)
📊📈 Trade Logic - Symmetrical triangle breakout
CMP - 6127
Time Frame - Weekly
🎯Target 1 : 6500
🎯Target 2 : 7580
🎯Target 3 : 8600
🎯Target 4 : 9200
🎯Target 5 : 10000
🛑 Stop : 5500
🏆 Risk/Reward Ratio (1:6)
Disclaimer: The stock information shared above is not a recommendation to buy, sell, or hold. It reflects my own analysis and is intended solely for educational purposes. Any actions you take based on this information are your responsibility, and the admin of this channel is not liable for any financial gains or losses. Please consult a financial advisor before making any investment decisions. I am not a SEBI-registered advisor.
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!
22nd Dec ’23 - Nifty’s levels today are skewed by NiftyIT 🚀🚀🚀Nifty Analysis
Recap from yesterday: “I am inclined to change my stance to neutral with the developments of today. Giving the bears one more opportunity to prove their mettle, hence going with the bearish stance for tomorrow as well. All they have to do is keep Nifty50 below 21200 in the opening 2hrs for the momentum to kick in”
4mts chart link - click here
Nifty’s price action was deceptive today, mainly because of the outperformance by NiftyIT(+2.27%). The real action today happened in BankNifty (-0.73%). Let me try to elaborate. Between 13.59 and 15.03 NiftyIT rallied 799pts ~ 2.29% in a surprising move. This skewed the Nifty50 numbers too. INFY, Wipro, HCL, TCS, and LTIM contributed 44pts out of 94 today.
NiftyIT 4mts chart link - click here
NiftyIT even though it started negative had a total swing range of 1029pts today. I guess NSE has to consider opening up FnO on NiftyIT seriously and set the expiries on Mondays. After all, we have 6 stocks of Nifty50 in BankNifty. Similarly, we have 6 stocks of Nifty50 in NiftyIT.
63mts chart link - click here.
Since Monday is a holiday, it gives us added uncertainty on what to expect on Tuesday. Despite the 94pts gain by Nifty - I still see the price action as negative. I would like to go with a bearish stance for 26th Dec. A gap-up or gap-down possibility cannot be ruled out as we are going for the extended weekend with bad geo-political macros.
Breakdown in LTI Mindtree Ltd...Chart is self explanatory. Levels of breakdown, possible down-moves (where stock may find support) and resistances (close above which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
LTIM Decoding the price actionThe price action of LTIM suggests that it is in consolidation for a couple of months.
the supply and demand are now in a 10-12% range.
the script had attempted fake-outs in the past as well which failed at trendline resistance areas.
LTIM needs to give a close above this level for any decisive move
Failure to close above 4800 makes it a strong resistance zone
The counter holds the 4350-4320 support zone.