Using Envelope and Knoxville indicators (80% accuracy) gives a good buying signal on LTIMindtree. We can expect an increase of 20-30% in price in the next few (3-6) months.
Explanation -
As you can see, the stock is clearly below the 14% margin line (bottom blue line) of the 200-day moving average in the envelope indicator, signaling a strong buy.
Also, the Knoxville downward red line was created at the start of March, and the current price is below that, which adds to the buying opportunity and makes a perfect short-term swing trade.
Explanation -
As you can see, the stock is clearly below the 14% margin line (bottom blue line) of the 200-day moving average in the envelope indicator, signaling a strong buy.
Also, the Knoxville downward red line was created at the start of March, and the current price is below that, which adds to the buying opportunity and makes a perfect short-term swing trade.
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.
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.