Ending Diagonal LTTS - Might give 9-10% Bounce Ending Diagonal LTTS - Might give 9-10% Bounce from current Levels
LTTS trade ideas
LTTS NIFTY IT
From Last Few MoNTHS
EACH and every secort had performed very well and nifty it was in a range
no IT stock had performed well from last year
if u r looking for fresh buying option u can go for
LTTS
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.
LTTS Double Topit has formed double top on weekly chart.
however it is 10% away from support trendline.
lets wait and watch how it reacts at trendline support.
10% upside in 2-3 weeks and then 1.5x in 1.5 to 2 yearsOpinion
10% upside (Rs.5955) in 2 weeks and then next target is Rs.8650 in 1.5 to 2 years
CMP - Rs. 5232.10
Short Term Entry
Buy when green candle closes above 5255.
Long Term Entry
Buy when green candle (G1) closes above 5828 and next candle closes above G1 candle
Setup Fail
If Price falls below 5125 then setup fails and strategy to be revised
Basis of Opinion
# Reason for Fall from 5955 to 5232
1. Bad market condition in foreign market & war like situation in Israel and Iran
2. Top 5 company in industry have fallen from past few weeks
# Reason for Rise from 5232
1. Expected good results on 25th April 2024
2. Round bottom pattern from 2986 to 5828 so after 5828 breakout it may try to reach target at approx. 8650 in 1.5 to 2 years
3. Stong fundamental (ROCE>35%, Debt to Equit=0.10, Consistent sales growth)
Caution
1. Indian Election Results may affect the whole market
2. American and European market slow down may affect the stock price (major revenue source)
LTTSprice is traded at resistance area so it s possible chance that price will move down side
This idea is for Educational purpose and paper trading only. Please consult your financial advisor before investing or making any position. Facts or Data given above may be slightly incorrect. We are not SEBI registered.
LTTSThis stock respecting trend and can move upwards breaking the triangle pattern. One can enter with small stop loss.
if you are benefited plz feed a poor. thanks
the trend is strong and ready to explodeLTTS CMP 5419
FIbs- this stock is in a strong uptrend. A stock always takes a small dip post hitting its all time highs. This correction is a mere 38.2% from a higher swing. This is strength.
Fib Ext and Trendline- the stock is likely to face major resistance around the 7300 zone. the trendline crossover point is in May 24 indicating that post breakout this stock can shoot to those levels very fast.
L & T Technology service ltd analysis on 24 Feb 24L & T Technology service ltd analysis on 24 Feb 24
Fundamentally strong stock
breakout near 5200
add more quantity till its support near 5200
keep stoploss near 4675
big move possible after strong breakout @ 5800
(breakout after jan 2022 (all time high)
all target above 5800 is base on Fibonacci level
target 6000-6200 -6600
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.
LT Company again - Going for ATHLTTS Trying to break 2022 resistance.
Stock is hovering around the resistance from few days.
Wicks are becoming large. Both sides move is possible.
Volumes should support for the price to reach ATH. With volumes stock can go 5700 5800 5995 (ATH).
It may be a trap. Price is moving more points both directions. if we keep the SL very near there is a chance it hits. Risk Reward is not favorable if we keep long SL.
No need to take trade. Learn how the price is moving. Apply it in future.
Education purpose only - LTTSStock touched RVWAP and bounced and now consolidating..
In such scenario it should touch next resistance i.e. 5700 or 6000
One should keep in mind support level 5300 for SL..
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.
Education purpose only - LTTSClose above major resistance generally trigger a rally..
Close above 5600
Target 6000
SL 5200
L&T Technology has given breakout | Now it will be unstoppable!!Hello Traders and Investors, i hope you all will be doing good.
I have brought an analysis on L&T Technology Services, i hope it will be beneficial to you guy's,
So let's start:-
As we all know Nifty IT was not performing well since last one year, but now it is accelerating,,i think this momentum will take all good fundamentally stocks to their all time highs. today also Nifty IT roaring with 611 points up(+1.97%) as of now.
I already have posted analysis of Tech Mahindra and similar kind of pattern we are seeing in this L&T Technology also. Hero Also we have seen neat and clean breakout on chart. In this also earlier trend was in Downtrend then Accumulation phase and now it has given breakout of Accumulation phase so now the trend has shift ot Uptrend. We will get confirmation in some few coming sessions.
Some Technical important Levels for L&T Technology Services:-
Best Entry Point to go long in it will be 4050-4120. Now it is trading at 4111.
Keep stop loss at 3908
Targets will be 4311/4684
Price is above 200-D EMA (Means Trend is Positive)
MACD is giving bullish crossover (Means Trend is positive)
Indicator and Price Action showing bullish View in this stock.
Some other Important things about this Stock:-
₹ 43,383 Cr.
Current Price
₹ 4,106
High / Low
₹ 4,319 / 3,076
Stock P/E
38.1
Book Value
₹ 469
Dividend Yield
1.10 %
ROCE
32.8 %
ROE
25.0 %
Face Value
₹ 2.00
Debt
₹ 454 Cr.
EPS
₹ 111
PEG Ratio
2.16
Promoter holding
73.8 %
Intrinsic Value
₹ 2,622
Pledged percentage
0.00 %
EVEBITDA
23.0
PROS
Company is almost debt free.
Company has a good return on equity (ROE) track record: 3 Years ROE 23.7%
Company has been maintaining a healthy dividend payout of 38.0%
CONS
Stock is trading at 8.90 times its book value.
Stock is Giving opportunity for long term investment also at this levels. So trade carefully and always follow discipline in trading.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
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Thankyou.
LTTS BULLISHIrrespectivev of Market fall.,.
the stock is holding the levels.,. which shows signs of bullish rally further.,.,
Follow charts for the target
Education purpose only - LTTSStock has tested a major resistance and bouncing back from that level... lets see how it will react...
Entry immediately.
SL 5150
Target to immediate resistance i.e. 5600
T2 - 5800
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.
for short term looks positivelooking good for short terms
great financials
stop loss should be follow strictly
Education purpose only - LTTSOn weekly chart It has touched the same high previous week (15/12/23) and crossed the same today (20/12/23) and afterwards selling...
Hypothesis
If it crosses 5300/- then BO confirmation will happen..
Entry >5300/-
Target 6060
SL 4920
LTTS Swing Trade OpportunityRefer the chart for Entry,Target and SL.
NOTE: This trade is only for Equity Swing buy and not to be considered for options trading.
Please do follow Position Sizing and Risk Reward Ratio while planning any trades.
Note: This information is for education purpose only and please do your own research and consult your financial advisor prior to taking any action.
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