LTIM: Preempting a Cup and Handle & Long-Term Horizontal Breakou
🚀 LTIM: Preempting a Cup and Handle & Long-Term Horizontal Breakout! 🚀
Current Market Price: 6261
Stop Loss: 5570
Target: 8271
LTIMindtree is on the verge of a major breakout, presenting an exciting opportunity. The IT sector’s strength adds confidence to this move, with the horizontal resistance at 6495 being tested multiple times and now poised for a potential breakout.
📈 Strategy:
Consider creating positions in a staggered way to minimize risk and manage the larger stop loss effectively.
Watch closely for the breakout confirmation to add momentum to your trade.
📉 Disclaimer: As a non-SEBI registered analyst, I recommend conducting thorough research or seeking advice from financial professionals before making investment decisions.
#LTIMindtree #MarketAnalysis #CupAndHandle #TechnicalBreakout #ITSector #InvestmentOpportunities #RiskManagement
Current Market Price: 6261
Stop Loss: 5570
Target: 8271
LTIMindtree is on the verge of a major breakout, presenting an exciting opportunity. The IT sector’s strength adds confidence to this move, with the horizontal resistance at 6495 being tested multiple times and now poised for a potential breakout.
📈 Strategy:
Consider creating positions in a staggered way to minimize risk and manage the larger stop loss effectively.
Watch closely for the breakout confirmation to add momentum to your trade.
📉 Disclaimer: As a non-SEBI registered analyst, I recommend conducting thorough research or seeking advice from financial professionals before making investment decisions.
#LTIMindtree #MarketAnalysis #CupAndHandle #TechnicalBreakout #ITSector #InvestmentOpportunities #RiskManagement
Trade closed: stop reached
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.