LTI LONG BUY - IT booming
Updated
Out of the 10 stocks in 
CNXIT index , NSE:LTI has 5.94% weightage.
The stock is at a good support level and also in a trendline support, following from July 2021.
As IT sector started booming again , as per my view, We may see this stock hit 8000 in near weeks.
IT sector view : looks bullish for next couple of weeks
The trade seems in a good reward to risk ratio (~ 3.98)
Trade Details:
Entry: 7150 or below
Stop Loss : 6950
Target: 8000
Duration: 3-4 weeks
As this stock has a earning release today, we may see a gap up on today.
Stay Safe, Happy Investing:)
CNXIT index , NSE:LTI has 5.94% weightage.The stock is at a good support level and also in a trendline support, following from July 2021.
As IT sector started booming again , as per my view, We may see this stock hit 8000 in near weeks.
IT sector view : looks bullish for next couple of weeks
The trade seems in a good reward to risk ratio (~ 3.98)
Trade Details:
Entry: 7150 or below
Stop Loss : 6950
Target: 8000
Duration: 3-4 weeks
As this stock has a earning release today, we may see a gap up on today.
Stay Safe, Happy Investing:)
Trade active
Note
Can be bought at this level @7050Trade closed: stop reached
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