LARSON & TOUBRO INFOTECH MID TERM SWING #LTI given double bottom break out on weekly time frame and also making harmonic bat pattern. buy when it give retest.
Buy around 5000
TGT : 5550, 6100
SL : 4850 DCB
Disclaimer :
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Ltinfotech
Investment idea for LTI (Larsen and Turbo Infotech)LTI looking good for investment at this level in the next 3 to 6 months it might give a good move in an upward direction.
All the level marks on the chart:
Red line: Stop Loss
Green line: Target One
Green line: Target Two
LTI - Ready for break out and upward trendLTI - Ready for break out and upward trend
Successfully tested 0.61 retracement level on weekly basis and formed double bottom.
Volume dry up - below average volumes.
Favourable RR - 10:30:56
LTI breakout + Retest After consolidating for 9-10 weeks LTI had given a breakout and now have retested again on the same point of breakout.
Can go long for the this month.
On smaller time frame of 1hr according to MACD histogram the sellers are now exhausted thus buying can be seen.
LTI : A Low risk (4%) High reward bet (24%)LARSEN & TOUBRO INFOTECH (LTI)
1. Turning from Past reference.
2. Carry lots of upside potential.
3. Play with Next month's options (CE) as well.
4. Entry / SL / TGTs are depicted on the chart (Self-explanatory)
LTI - Elliot wave structure of LARSEN & TOUBRO INFOTECHLTI is showing wave structure like, either larger wave A-B-C is done and now deeper retracement is possible as a wave X, or after wave 1-2-3 is done and now possibly in wave 4, where wave A-B is done and now wave C is unfolding.
This stock can see good pullback towards north direction nearly above 4600 where wave C would be equal to wave A, on the way down 4000 and 3897 would be a crucial support levels to watch out for.
All other trend indicators are also allowing to go long with mentioned levels on chart, RK's mass psychological cloud has confirmed buy signal on hourly chart along with support of RK's stop line which is good enough to rely on as always.
Overall wave structure on daily chart
price entered in RK's mass psychological cloud, along with RK's stop line support
EMA's positive golden cross done on hourly chart
Price closed above previous closing based highs on hourly chart
macd positive crossover on hourly chart
macd already in positive crossover and now uptick on daily chart
RSI uptick and now its above 60 levels on hourly chart
RK's Momentum is also positive crossed on hourly chart
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
#larsen&toubroinfotech #lti support levelsNSE:LTI
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns.
📌 That Dash Line Is Called PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone).
(PRZ :- Potential Reversal Zone, SL :- Stop Loss, TF :- Time Frame)
PRZ 1 :- 3988.25
SL :- 3525 (Closing Basis)
Target 1:- 4394
Target 2:- 4715
Target 3:- 5077 and more Trailing basis
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
L&T Infotech Chart Analysis !!📈 L&T Infotech 📉
My Findings :-
1. Breakdown of Strong Support Zone.
2. Lower High and Lower Low Formation.
3. Close Below Six Months Low.
4. IT Index also week. Check Chart below.
Bias- Short
Target- 4942 and 4413
SL- 6091
RR- 1: 2
IT Index Chart :-
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
LTI @ 6038 may target 6200 / 6400 soonLTI has strong open interest buildups for longs. Immediate target is 6200 and sustaining above 6200 next target will be 6400. It is excellent buy as per my research on open interest. Please don't argue with the trendlines as they are drawn based on my open interest analysis, hence may differ from the actual support and resistance lines which we draw in the charts.
LTI (Daily) - Head & Shoulders Chart Pattern Larsen & Toubro Infotech (LTI) - Daily
Chart Pattern - Head & Shoulders
Current Market Price* - 6613
(*at the closing on the date of posting this chart pattern idea)
Target 1 - 6268
Target 2 - 5666
Price has entered the 4th wave in the daily timeframe as per the Elliott wave count
-DI is above the +DI and the ADX is above 15 in the Directional Movement Index (DMI)
On the weekly tide too, all indicators / oscillators are favoring shorting
LTI Daily Time Frame AnalysisLTI Daily Time Frame Analysis
Good Stock for short term and long term
Strong Supports at 4500 and 5500 zones
Strongly Bullish Stocks
Resistance at 6500 zone
Expecting a good rally above ATH
*just my views not an investment advice*
LARSEN & TOUBRO INFOTECHA Breakout has happened in LTI . We can expect a huge buying pressure in this stock in the coming weeks . Hope , LTI will create great returns for it's investors .
Lti good short candidateTime cycle and price range measured move indicate the uptrend is matured
indicators are also at historic levels
waiting for strong bearish reversal candle on daily time frame,,
will short this counter with latest peak levels as stoploss once i get confirmation
good short candidate if gives reversal confirmation
L&Tinfotech : double bottom breakout in progressL&T infotech : double bottom breakout in progress. Momentum and trend bullish on all timeframes .
latest daily candle is open = low bullish pattern and likely to trend up.
stop loss could be close below breakout neckline. trailing could be done on daily trendline breach and close also could be indication
for short swing trades.
Lti good short candidateLti spot cmp 4800
Bearish butterfly pattern formation
Bearish wolfwave formation
Bearish divergence on RSI
Bearish Divergence on Macd
Good short candidate
LTI - MOMENTUM PICKLTI has been on a major uptrend and it has potential to go even further. LTI can be bought at CMP and on dips till 4430. There is no fixed target since the stock has no upwards resistance.
LTI - BREAKOUT FROM ATH AFTER 6MNTH CONSOLODATIONLTI Poised for next leg of growth,
Giving breakout from ATH and six month long consolidation and range bound trading.
LTI - ATH breakoutLTI broke out of a range after consolidation near the resistance zone. Looks good for swing traders with SL below the breakout area.
L&T Infotech is the stock to watch for weekly charts analysis Hello Everyone, please have a look at the weekly charts of L&T infortech showing the strength and at breakout levels, the stock can give excellant returns for short to medium terms traders, first level for very short terms traders comes to 4800, so keep enjoying. The update is only for Educational Purpose.
L&T Infotech Cup and HandleMedium Term Trade: L&T Infotech breaks out of a cup and handle pattern.
Buy: L&T Infotech
Last Close: 4214
Target: 4700
Stop Loss: 4080