LTTS trade ideas
LTTS - Potential Breakout. Although markets are down, this stock seems to keep going up. Watch for the breakout going ahead.
Symmetrical triangle breakoutA symmetrical triangle started around August, 2018 is possibly nearing completion. Await a confirmation for a breakout above 715. Once can hold then with a target of 1100. Once you enter into a trade at 715, stop loss can be placed at 650.
LTTS my all time favorite stockI was going through this book called "Trade like a stock market wizard", I have tried to implement some concepts in this chart. Although this has not formed the proper VCP pattern but still I can see some traits of it.
LTTS PORTFOLIO SCRIPT........ L&T TECHNOLOGY SER...
BUYING RANGE 1630 TO 1580
STOP-LOSS - URS
TARGET-5000+++
PORTFOLIO SCRIPT
L&T TECH CAN MOVE UP TODAYL&T technology services can move up today. Keep buying on dips, and hold for few days
LTTS- L&T technology Services- Looks like CUP and HandleUpmove expecting Add on Dips
Super class fundamentals
Target 2000
LTTSOne of my fav stocks has another breakout...
I think this is one of those co's which is a 20 year story hence biased
Falling Wedge Breakout For LTTSTargets : 800-820-845 Buy range : 750-760 Stoploss : 710 Duration : 4-5 weeks
Outlook :
The key observation on the price chart of L&T Technology Services is that the stock has recently registered a breakout above the upper band of the “Falling wedge” like pattern with sharp surge in volumes, encompassing the entire decline since June 2017 high of Rs.872.50. It signals end of the corrective phase and start of a fresh up leg
During the recent up move, the stock has also moved above its 50-Day SMA, which has acted as a strong resistance during the corrective decline.
During the last 2-3 weeks consolidation the stock is seen taking support at the lower bollinger band thus signalling a good entry point.
Currently, the stock has given a breakout of upper band, as the rule suggest, when stock breaks upper band and stay above it for few trading sessions then it is considered to be bullish for the stock going forward.
Further, “Bullish harami” candlestick pattern was formed by the stock as on 03-07-2017 and A “Three inside up” candlestick pattern was formed on the next following day, which hinted to a trend reversal in the near term for the stock.
Bullish MACD line is already crossed over zero line, stochastic indicator is in buy mode and heading upwards.
We expect the stock to continue its current uptrend and head higher in the coming weeks, hence suggest a “Buy” in this particular stock at CMP or at any dips (price range Rs.750-760, with the targets of Rs. 820-845 / Higher and stoploss to be placed just below Rs.710 on closing basis.
Buy if the L&T services breaks out & closes above the channel..Buy if the L&T services breaks out & closes above the channel..
LTTS - Bullish patternLTTS
CMP 1212.
Target 1500 plus
Stop 1050.
1) Double bottom breakout at 1150 with good volume.
2) Price bouncing back on a nice trend line.
3) Price might retest the support line or close to support line 1150-1175.
4) Aggressive investors can enter at cmp; but should be willing to face the retracement just in case it happens.
5) Conservative investors can invest around 1175 levels; but should be willing to handle the situation in case of any miss-out in the absence of expected retracements / nil retracements
