#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
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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
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.
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 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...
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📌 That Dash Line Is Called PRZ,...
📈 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.
Target- 4942 and 4413
RR- 1: 2
IT Index Chart :-
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a...
LTI 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.
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...
LTI 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*
Time 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&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.