lti meeting 50 ema and previous resistance as support and candle sticks showing rejection possible long swing opportunity
After a major fall to its long term support, a bounce is expected in LTI. Go long with a strict SL of 1430, for targets in the 1500+ range. Resistance in the 1570+ range. Time frame: 1 week
There is a resistance at 1717 which if is crossed successfully target will be 2170. Support at 1480
LTI has crossed ½ resistance and the move is quite bullish. If the bullishness persists, then one can have a target of 2060 in intermediate term with support at 1800.
Last Friday it has crossed 1/4 resistance angle on closing basis. Provided it moves up the target will be 2650 Support being at 1950
The ascending triangle formation looks to be forming here. but the RSI negative divergence has gotten me confused. Views on this appreciated.