As one see on monthly chart after going down it formed based and triangle breakin out ..one can see indicator also uptrending..observe it's Upmove with risk management only for long term..
It is moving in upward sloping channel on weekly charts. it can test 5800/6000
LTIM breaking out again with higher than average volumes on daily timeframe. IT index still in an attempted rally, but some IT names are showing strength lately. Keep an eye out on how the IT theme plays out ahead.
If trigger line crosses over 55.16, it may reach to 66.94, 45 to 75 Rs in cash. If trigger line crosses below 48.12, it may reach to 39.55, 26 to 35 Rs in cash.
NSE:LTIM looks bearish, the whole IT sectors is turning down
# LTIMINDTREE # # LONG TERM VIEW BULLISH # # BUY ABOVE 5450 - 5460 # TG - 7100 - 7200 # CBSL - 5020 # R : R - 1 : 5 This is not an investment advice and also please note this is only for education purpose. So before investing any single rupee, please do your own research according to your risk taking capacity and after that do invest and book profits on right time.
Stocks trading near their high in the past 4 months with rising volumes and closing strong, indicating a possible breakout
LTIM is heading towards support zone as marked, trendline breakdown on weekly TF. Q2 results will confirm if support zone will held or broken.
LTIM at excellent support. Can take a upward with strict SL.. A good trade for safe traders. Please use trailing Stop loss with max loss of 1% to 2% . Else do not trade.
posting my view on LTIM... short upside move is possible and if it breaks resistance line chance to go up side and if it take reversal possible down side momentum with retracement is possible. This is for educational purpose only. I'm not recommending any Buy/Sell Positions.
Keep watch on LTIM as 5400 level broken with good volume. Target 1= 6400 Target 2= 7600
LTIM looking good for short term concentrate if price sustain above 5400
Look at the whole structure of charts, it's rounding bottom formation it's bullish structure basically Now see the last candle it's hanging man it's bearish signs Now new trader's saying thok dalo & trapped I m not trading on just one candle I'm waiting for some days for next 2 candles minimum
In the Weekly Chart of LTIM , we can see that, it has given strong closing above 5220 which was major rejection level. Let it retest and then enter with SL and target. Expected momentum is shown in chart.
On 2 hrly timeframe a triangle pattern has been formed (yellow lines on the chart) Also a small head and shoulder pattern is formed simultaneously, (neckline markes as pink line) The level of 4780 is a very strong support The breakout candle breaking through head and shoulder as well as triangle has negligible wicks and is accompanied by higher than average ATR...
Let's just keep holding our profits until we see some profit booking signals, I have only market target one of this trade. Others can manage their risk-reward according to their risk appetite
LTI looking good above 4981 sl of 4711 in weekly time. buy after above weekly candle close please wait for weekly candle close. NOTE- Only for Education Purpose. Please Give A Like If You Like FOLLOW FOR MORE
Breakout on the stock Can show an up move Target 5250/5295 Stop loss 5140 I am just representing my views. For educational purpose only.