LTIM - Getting ReadyThe chart is self explanatory. Since Nov. 21, the price has been forming a Triangular pattern. Already given a breakout of that.
Since Jan. 24, A Cup & Handle pattern is formed and a breakout is seen on the charts.
At present time, we can observe the retest of the both breakouts.
If the price gives a bounce back from present range of 6000-5800 and sustains above, may see a bullish run upto 7000/7500 and even more.
If sustains below 5600, the setup goes weak.
One should mind the position size according the risk-management.
The above illustration is my own view, only for learning and sharing purposes, not a trading advice in any form.
All the best.
Ltimindtree
LTIM Go long in this one. a nice running flat forming after completion of contracting flag in major time frame.
LTIMINDTREEMarket Cap: 1,84,521.10 Cr.
P/E: 41.29
P/B: 9.2
Div. Yield: 1.04 %
Promoter Holding: 68.6 %
Sales Growth: 7.12%
Profit Growth: 5.60 %
ROE: 26.04 %
ROCE: 34.51%
The Company is Virtually Debt Free.
The Company has a good ROE track record of 31.08%.
The company has delivered average Profit Growth of 35.87% in last 3 years.
The company has delivered good Income growth over the past 3 years of 43.61%.
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
Always welcome for any comments with your feedback or give it a like if you find it useful.
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 RESISTANCE BREAKOUT WCBLTIM breaking longterm #resistance
on #weekly basis with good volume n rsi
#target r mentioned in #chart
sl can be 4600
EDUCATIONAL IDEA
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!
LTIM - Intraday - 06.11.2023If 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.
LTIMindtree Short Term TradeOn 2 hrly timeframe a triangle pattern has been formed (yellow lines on the chart)
Also a small head and shoulder pattern is formed simultaneously, (neckline markes as pink line)
The level of 4780 is a very strong support
The breakout candle breaking through head and shoulder as well as triangle has negligible wicks
and is accompanied by higher than average ATR and decent volume
ADX and DI also indicates bullish strength
For Short Term Trade, Tgt = 5247 , SL= 4865
LTIMINDTREE COMING OUT FROM LONG TIME RESISTANCE LTIMINDTREE is breaking almost 1 yr resistance
volume good, RSI hott🔥
replacing HDFC on nifty50
educational purpose
