Updated
Flag like pattern
LTI has had a big move up and now consolidating forming what appears to be a flag - why do i say "appears" - because flags have folds which have a sag at the folds, causing the prices to drift down on decreasing volumes - here the fold of the flag has formed a box like channel - which is not a true flag, but if it manages to break out of it, it can reach the marked levels( targets).
Note
it has broken out of the upper channel ( fold of flag) - it went up to 4600. keep watching. Today was earnings releaseNote
From 4184 to 4689...that is a good move...and still has fire...today up 6.4%Note
Target achieved.Note
Like i said it still has fire....CMP 5053..anyone who thought long term would have made good money...when i posted it ( June 24) it was at 4184...869 Rs...even if you had bought 20 shares only at 4184....it would have become 17K+ todayNote
It does not seem to stop...CMP 6231 right now
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.