LTIM Trendline BD and Retest Fail With King CandleNSE:LTIM today made a Bearish Engulfing or Black Marubozu King Candle, Previously Breaking its trendline and retesting which failed today completely. RSI and MACD are Trending Down.
About:
NSE:LTIM offers a comprehensive range of IT services, including application development, maintenance and outsourcing, enterprise solutions, infrastructure management, testing, digital solutions, and platform-based solutions for clients across various industries.
F&O Activity:
Short Buildup in Futures with 5800 CE Gaining Significant OI.
Trade Setup:
It looks like a good 1:1 trade setup, with the recent swing high as a strong resistance zone, and the Trendline is also broken.
Target(Take Profit):
Around 4915 Levels for Swing Trader & Positional Trader
Stop Loss:
Entry Candle High for Swing Trader and Recent Swing High or 5800 Levels for Positional Trader.
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Disclaimer: "I am not SEBI REGISTERED RESEARCH ANALYST AND INVESTMENT ADVISER."
This analysis is intended solely for informational and educational purposes only and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
Ltimindtree
LTIM - LTIMindtree and GitHub Forge Strategic Partnership to DriLTIMindtree Announces Strategic Partnership with GitHub
LTIMindtree has announced a strategic partnership with GitHub. This collaboration aims to integrate GitHub’s advanced DevOps and AI-driven pair programming capabilities with LTIMindtree’s expertise in digital engineering and AI transformation. The synergy between these two entities is expected to create a robust ecosystem that will drive enterprise innovation at scale.
Technical Analysis
The chart structure indicates a bullish trend, characterized by a cup and handle pattern. A breakout has already occurred.
Buy Range : ₹6550 - ₹6750
Stop Loss : Tailing trendline or ₹6250
Target : Open / As mentioned on Chart
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 - 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.
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
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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!
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