LTTS : Completing Wave B or Starting Corrective Wave 5?
## 📊 **LTTS Daily Chart Analysis**
### 🧩 **Price Structure Overview**
* The chart shows a completed **ABC correction** pattern.
* Price has recently bounced from a key \ support demand zone\ , marked by the blue and yellow boxes.
* A bullish wave structure is potentially forming, indicating trend reversal.
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## 📉 **Support Zones**
* 📌 \ Primary Support Zone:\ ₹4280–₹4320 (yellow box)
* 📌 \ Structure Support (TS3 \ ):\ \~₹4225
Price recently reacted from these support areas with higher lows, hinting at buying interest and strength building.
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## 📈 **Immediate Resistance / Supply Zones**
* 🟨 \ Minor Resistance Zone:\ ₹4620–₹4700 (yellow box)
* 🟦 \ Primary Resistance Zone / Target 1:\ ₹4800–₹4863
* 🟩 \ Extended Upside Target Zone:\ ₹5450–₹5650 (green box)
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## 📝 **Trade Idea: Positional Long**
### ✅ \ Entry:\
* Around CMP (₹4405) or on dips towards ₹4300–₹4320 with bullish confirmation.
### 🎯 \ Targets:\
* \ T1:\ ₹4620
* \ T2:\ ₹4800–₹4863
* \ T3 (Extended):\ ₹5450–₹5650 (if trend sustains)
### ❌ \ Stop Loss:\
* Daily close below \ ₹4225\ (below TS3 low)
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## 🧠 **Trade Logic & Strategy**
* Price has respected the support zones and formed a possible reversal structure.
* If the stock breaks above the ₹4620–₹4700 zone, it can accelerate toward the ₹4800+ levels.
* Conservative traders can enter after a daily close above ₹4620.
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## 📌 **Conclusion**
LTTS is setting up for a potential **bullish swing move**.
A structure-based entry near support with defined SL offers a favorable **risk-to-reward** setup for positional traders.
LTTS
LTTS | SUPPORT & RESISTANCE | BUY LEVELSI've identified the support and resistance zones for LTTS, which you can see on the chart. This analysis is based on a weekly timeframe.
If you're interested in creating an entry plan, entering at the support zone might be a good strategy. If you'd like to learn more about how I approach this, please follow along. I'd be happy to share my process!
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.
Always welcome for any comments with your feedback or give it a like if you find it useful.
in.tradingview.com
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.
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 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.
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 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.