LTTS
#StockMarket #StockIdeas #StocktoWatch #StockToBuy #positionalLTTS
The company is almost debt-free & a good return on equity.
Recently Good correction was seen in this stock
And now Breakout on hourly time frame.
Can be a safe bet at levels 4530/50 for a short term target of 4610/4700/5000/5200
With SL of 4510 for the short term and 4300 for the long term.
Also, the stock is trading at a discounted price and if Nifty Supports then it will give a good return, so can be added to the portfolio.
Note:
Above levels for Education purposes only.
Follow Risk management and do your own analysis before taking any trade
🎯 L&T Technology SER Swing Opportunity #niftyit 📊NSE:LTTS
📌As we know IT stocks already fallen much now we might see up move for swing, but we should even keep this in mind that we have budget ahead so better to take entry after budget for swing but before that we can go for intraday trades if find reversal for long. Even this stock has one big gap is there, so it might fill that as well if find reversal for long (Trailing Basis).
📌 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).
📌 As One can see, This Pattern has Been Made on Monthly Time Frame, that's why stop loss quite big as per this pattern and time frame. So wait for perfect reversal first then only go for long and ones enter in trade then strictly follow stop loss and here as per my own experience one should keep Stop Loss as closing basis.
(PRZ :- Potential Reversal Zone, SL :- Stop Loss, TF :- Time Frame)
PRZ 1 :- 4504
SL :- 4265 (Closing Basis)
Target 1:- 4652
Target 2:- 4740
Target 3:- 4902 and more trailing basis (it might fill gap as well.
Note:- As Per this harmonic pattern, stop loss is quite big, so Trade on reversal only if you don’t know what is reversal, Kindly note that and ask in live session so next time you could be able to identify reversal by your self. Even ask doubts in comments, below.
******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.
REASON TO TRADE (COMBINATION OF PARAMETERS) EDUCATIONAL PURPOSEThis stock is showing some good signs of reversals U-Turn in price action.
1) Fibonacci retracement is healthy up to 50% which is good sign for continuation of bigger trend.
2) Price also came at old Support area.
3) Price got support near 200 DEMA.
4) Relative strength index in daily also reversed from oversold area, Now above 30.
5) In smaller time frame (hourly) price shown U-Turn towards up side.
These are some reasons to presume or finding probabilities, nothing works like holy grill in market, but these are really aligned languages in one direction. These scenarios indicates probabilities very well sometimes.
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.
Trend Support - Will it sustain and bounce?I am not sure about taking a long position, given the weak market outlook.
Just sharing a few stocks I am keeping a track of which have reached their trendline support and might be a good time to accumulate in piecemeal.
Not an Investment Advice. I am just curious to see how it plays out.
MIDCAP IT - LTTS on Fibonacci 1st Short idea of this week, and its a MIDCAP IT Stock.. Strange🤞🏻!!
MIDCAP IT was firing last week but now LTTS showing some weakness at 61.8% Fibonacci levels.. indicates some profit booking for short term..
It is a risky trade as per current trend.. So, we may play it with a strict stoploss at 5401.15 (recent high)..
and if it favors then we might get our target a short time..
Levels in chart...
LTTS Strong Chart in Uncertian MarketLTTS looks like a very strong chart on technical basis. It is also a fundamentally strong company. I have covered it extensively on my YouTube channel in a Stock Analysis video. It is also one of my largest holdings. I remain bullish and a deeper stop loss of Rs.4900 can be followed for short term trades. Gains of 10-20% should be on the horizon in the coming months. Any dip also seems like a good opportunity to buy here.