Logic behind the Trade
1. This scrip has bottomed out after staying there for a long time and in recent trading days it has started an upward movement
2. Recent bullish momentum was seen and after a small retracement & it was followed by a bullish engulfing candle which shows a further bullish momentum continuation
3. RSI above 50 now thus showing strength...
Key highlights: 💡⚡
📊On 1D Time Frame Stock Showing Reversal of Rising wedge Pattern .
📊 It can give movement upto the Reversal target of above 5425+.
📊There have chances of breakout of Resistance level too.
📊 After breakout of Resistance level this stock can gives strong upside rally upto above 6410+
#LTI given double bottom break out on weekly time frame and also making harmonic bat pattern. buy when it give retest.
Buy around 5000
TGT : 5550, 6100
SL : 4850 DCB
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...
The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets...
LTI:- Cup and handle pattern has formed watch the stock for breakout
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades...
LTI looking good for investment at this level in the next 3 to 6 months it might give a good move in an upward direction.
All the level marks on the chart:
Red line: Stop Loss
Green line: Target One
Green line: Target Two
Stock looks good for a move up on a decisive break of orange plotted, stock has also formed an inverse Head and shoulder pattern
The content of the idea and the interpretation of data are solely my personal views which being said I do not warrant its completeness or accuracy.
This idea published is purely intended for educational and informative...
OK THIS is my second analysis after fairchem , for which i updated when i sold .
The IT sector as a whole down due to external circumstances , No internal issues in almost all the it companies.
Considering this opportunity to invest or even trade for short term gains . I prefer mid cap which has better safety against sell off and higher profit percentage...
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