LTTS : Near Key Support | Trend Continuation WatchTimeframe: Daily
Trend Context: Corrective phase nearing completion
Current Price Zone: ~4,380
🔍 Market Structure & Technical Observations
Elliott Wave Perspective (Educational View):
The stock appears to be completing a corrective Wave-C near the 4,360–4,390 zone.
This zone aligns with prior demand and acts as a potential reversal pocket.
If Wave-C holds, the next impulsive leg (Wave-5) can begin.
Moving Average Insight:
Price has pulled back toward the short-term moving average, often seen near corrective endings.
Sustaining above this base improves odds of a trend resumption.
Support & Risk Zone:
Critical support: 4,360–4,390
Invalidation level: Daily close below 4,290
A close below this would indicate deeper correction, not accumulation.
Volume Behavior (Contextual):
No panic volume seen during decline, suggesting controlled profit booking, not distribution.
🎯 Trade Strategies
🟢 1. Swing Trading Strategy (Cash / Positional)
Buy Zone: 4,360–4,420 (on stabilization / reversal candle)
Stop Loss: Daily close below 4,290
Upside Targets:
Target 1: 4,770–4,830 (Major supply / F&O target zone)
Target 2: 5,120 (Swing projection)
📌 This setup offers a favorable Risk–Reward if price respects the Wave-C base.
🟡 2. F&O / Options Strategy (Educational)
Prefer bull call spreads or call buying only after confirmation.
Ideal confirmation:
Strong close above 4,480–4,500
OR bullish structure on lower timeframe from support
Avoid aggressive naked calls below 4,360, as volatility expansion works both ways.
🎓 Educational Notes (Why This Zone Matters)
Corrections often end where:
Prior breakout occurred
Fibonacci retracement clusters
Market sentiment turns pessimistic
The 4,360–4,390 zone ticks multiple boxes → making it a decision zone, not blind buy.
⚠️ Risk Management Guidelines
Do not average blindly below support.
Size positions assuming stop loss will be hit.
Options traders must factor in time decay — direction alone is not enough.
🧾 Summary & Conclusion
LTTS is currently at a make-or-break zone.
If the 4,360–4,390 support holds, the stock has the potential to resume its primary uptrend toward 4,830 and 5,120 in the coming weeks.
Failure to hold 4,290 on daily closing basis invalidates the bullish structure.
Disclaimer:
This analysis is for educational purposes only. I am not a SEBI registered analyst.
Markets are uncertain, and I may be wrong — please manage risk responsibly.
