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...
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...
If trigger line crosses over 55.16, it may reach to 66.94, 45 to 75 Rs in cash. If trigger line crosses below 48.12, it may reach to 39.55, 26 to 35 Rs in cash.
LTIM - Positonal trade Looking for a 1:4R trade! CMP 5020 SL 4775 TGT 6030
Long entry only on crossing 4714 Unable to cross the strong level
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...
The 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...
lti mindtree is near its support area and its below its support level of very long term we can see buying from this area marked and that will on very short term time ranging from 3-5 months.