LTM at Critical ₹4,000 Support: Is This the Perfect Dip to Buy?LTM is currently trading at ₹4007.80, down 6.13% on the day, after testing its critical multi-year horizontal support zone near ₹3800-4000. The stock has completed a strong secular uptrend from sub-₹1000 levels in 2018 to a peak above ₹7000 in 2022, followed by over three years of range-bound consolidation between ₹4000 and ₹6500–7000.
The recent breakdown from the upper half of this range, accompanied by above-average volume, reflects short-term bearish sentiment and profit-booking pressure
Ltimanalysis
LTIM earnings trade.LTIM is respecting the resistance zone around 6300-6400 levels.
Earning are also coming in the coming week and the stock has given a good 4.6% move with good volumes on the charts.
Chances of it clearing the resistance zone are high. It can be a participant for bullish trade as the targets are looking good for the stock.
Watch for the stock to clear the resistance zone.




