L&T Technology cmp 5615.45 by Weekly Chart viewL&T Technology cmp 5615.45 by Weekly Chart view
- Support Zone seen at 4800 to 5000 Price Band
- Resistance Zone at 5820 to ATH 6000 Price Band
- Positive trend of Technical Indicators EMA, MACD, RSI
- Price trending along Rising Support Trendline by the progressive Bullish Technical Patterns formation
- Weekly Support at 5135 > 4480 > 3950 with Resistance only at ATH 6000 to cross over to make the New ATH
- Bullish Rounding Bottoms and/or Cup and Handle and/or VCP Pattern, anyone might observe and interpret for the technical patterns chart setup
- Stock had retraced from Resistance Zone in April 2024 attempting to cross past ATH 5955.50 but succeeded in August 2024 with a New ATH 6000
Lttechnology
L&T Technology Chart Analysis !!📈 L&T Technology 📉
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- 3629 and 2913
SL- 4640
RR- 1: 3
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.