Potential Cup and Handle Breakout PossiblePotential Cup and Handle Breakout Possible in Weekly TF of NSE:LTTS
With Fed's 50 bps Rate Cut IT Sector looking Positive.
LTTS
LTTS - Watchlist - Ascending triangle - Cup and handle -Wkly LTTS - Forming Ascending triangle and cup and handle patterns on weekly charts.
Need to close above 5890 for breakout, which can test 8000 levels in a 6 to 12 month timeframe.
We can have it in watchlist for next week.
Strengths
The company is virtually debt-free.
The company has a good ROE track record of 27.20%.
The company has delivered average profit Growth of 23.19% in the last 3 years.
The company has delivered good income growth over the past 3 years of 20.47%.
The company has effective cash conversion ratio of 106.58.
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LTTS - Keep On RadarCMP 5622 on 07.09..24
The stock price has formed a Cup & Handle pattern in the last more than 2 years. The breakout level is around 6000. At the moment of retracement, it may come down to 5450 to 5250.
If the price is above the 54200 level, this setup has relevance. It goes weak if the price sustains below 54200.
Always keep your risk management in control, and the position sizing too.
Projected targets are indicated on the charts.
This illustration is only for learning and sharing purposes, not a piece of trading advice in any form.
All the best.
Another reversal candidate!NSE:LTTS is ready to reverse after 5 weeks of fall. A small cup & handle breakout, re-tested to indicate we probably have the low for now. 6% stoploss for much higher risk-reward makes it a good candidate for investment.
LTTS at Good Support NSE:LTTS This Guy Falls Almost 16.3% in Last 20 - Days Now at Support Zone ( Previous Resistance acts as Support Now ) Wait For Weekly Closing and Enter any Reversal confirmation.
Short LTTSThe stock has formed a bearish head and shoulder reversal pattern on the daily time frame. The momentum oscillators are also at the extreme and there is a negative divergence which has developed. The neckline of the pattern has already been breached and the Next support is only around 5000 levels. All in all it is an excellent short setup.
LTTS close to ATHNSE:LTTS is close to its all time high now. On weekly charts, one can look for the breakout and then add in this position. This business looks strong and with other listed peers like NSE:TATATECH commanding a strong valuation, one can expect better P/E multiple for this business as well. Buy only on breakout.
LTTS BULLISHIrrespectivev of Market fall.,.
the stock is holding the levels.,. which shows signs of bullish rally further.,.,
Follow charts for the target
LTTS Analysis & PredictionThis is the analysis of LTTS in Daily Time Frame. Watch carefully. The chart explains itself.
There are some prediction levels. These Levels act as Support and Resistance according to position of price. You have to trade according to level breakout or breakdown.
Always maintain your risk management.
Book your profit according to your “STOMACH”.
Disclaimer:
This is not investment advice. I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Happy trading.
About LTTS :
L&T Technology Services Ltd. offers consultancy, design, development and testing services across the product and process development life cycle. It includes products, manufacturing, operations and consultancy services. The company was founded by Anil Kumar Manibhai Naik on June 14, 2012 and is headquartered in Vadodara, India.
LTTS Last oneIf it breaks the Previous Resistance area we can expect some Move on upside mark in green
LTTS Price Action.LTTS is in bullish mode as per Dow theory H-H and H-L formation seen on chart. It is trading with the support of trendline also cross and sustain upper side resistance level 4300.
It may test 5000+ soon
Strong name for weak markets - LTTS IndiaMarkets are weak in general. DXY going up, Asian markets going down. However the global scenario changes on a dime these days - and China has been a train wreck in slow motion for months if not years.
Indian equities still the place to be - might make sense to stick to strong names. I like LTTS because
Strong results - mid cap IT name unlike the Infy, TCS majors - has a differentiated product
Technically formed a big base (darvas Box) - before popping out after results
Clear lack of supply in the name as volume is drying up
Again - a small position makes sense in these kind of markets, once the markets turn back up (if!) - would go to a full position in LTTS, if its still holding above the box at 4200
Cheers
PS - This is not a solicitation to buy but merely an idea i have. Please do your own research before committing any of your hard earned capital.
LTTS - At Crucial LevelAs you see on the charts, the stock price is struggling at the crucial resistance zone. If not able to cross and sustain above 4300, may go weak for some time. Possible targets are indicated.
Only for learning and sharing purposes, not a piece of trading advice in any form.
Please share your views about the idea.
All the best.
LTTS - Important zonesKey highlights:
- Approaching the daily demand zone
- We have a weekly demand zone just below the daily demand zone
- Can give a positive reaction if buyers turn up
- 200 weekly EMA is coinciding with the daily demand zone
- HTF structure is bullish
- Weekly supply zone at 4850-5300
Disclaimer: This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
Happy learning. Cheers!
Rajat Kumar Singh (@johntradingwick)
Community Manager (India), TradingView
L&T Technology Services- Broke out of 77 days long flat consolidation
- Good volumes on the breakout.
- Price is still trading above the high of the BO candle
- Can move higher in the coming weeks, if it manages to push above 4200-4300.
Disclaimer: This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
LTTS PARRELEL CHANNEL BREAKOUTLTTSis coming out from a parrelel channel
with good volume hot RSI
MACD crossover on 14 july
immediate #target can be 4300
educational idea
LTTS India - Good Results in generally pessimistic scenarioMidcap results have been far better than the large caps like TCS and Infy. The midcaps are more in their niches and the revenues / profit growth is mid teens to 20s. Their margin profiles heave stayed steady. Persistent & other mid caps have already rallied close to life high. One stock that maybe next is LTTS (L&T Technology Services)
Supportive picture with a nice base forming - esp after results
Volatility compression happening (also calls have got very cheap)
Could rally through to the next results cycle - analysts generally have a negative view of this stock - which could cause re rating
Stock historically has seen better days - expect it to get closer to 4500 by next results cycle
Buy Stock for 6-10 weeks cycle. Keep the stop loss at -2 ATR level around 150 bucks. Buy ITM calls for the people who are shorter term - however dont expect super action very soon.
Near its Supoort zone ,must buy 8-9% target.Near its Supoort zone ,must buy 8-9% target. If breakout given at target then can see more rally.
LTTS 1H TF LONGLTTS 1H TF looking good for long please wait for strong 30mins for 15mins candle to close .
Please follow me for more such trades.
Nifty IT breakout above 29400 Nifty IT cmp 29355 breakout above 29400 sustaining Target 30800/31300++++
Stocks to Keep On Radar
Coforge
Infosys
Persistent
Wipro
HCL Tech
Tech Mahindra
LTTS
LTI
LTTS LONG - VCP with a very strong breakoutL&T Technology Services has been making a Volatility Contraction Pattern over the last 15 odd months. The base is ripe and has broken out strongly with a huge volume candle, and a gap up. The price is sustaining above the breakout level and the set up is a highly favourable one, with regards to VaR. Long LTTS over the medium term for targets of previous highs, which coincide with the first base size.
