LTTS Try for Breakout but not success today Wait for tomorrow
Chart setup is good for long volume also show strength
NIFTY IT show strength
So more chances to upside possible in IT Stocks.
Macd Bullish
RSI Bullish
Moving averages also indicate Bullish on chart.
Disclaimer:- This is my personal view for education purpose only.
No Buy sell recommendations.
LTTS trade ideas
LTTS - Bullish ConsolidationNSE: LTTS is closing with a bullish consolidation candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
L&T Technology May Reverse From Current PriceThis is the weekly chart & based on the current scenario, it seems that it should go down...It's a corrective pattern that is getting formed....C wave should start soon & speed will be high for this.....
If you are holding it, You can hold it with a stop-Loss of 3750.....
As B Wave is still forming so it can form irregular corrections. If sustained above 3900, It can go up to 4100-4200 then can fall...
But, if 3750 is taken out, expect an awesome downfall
LTTS - MEDIUM TERM PICKLTTS Structure is looking good...3800 looks like resistance and 3560 3600 is support zone...
Consolidation is almost completed above 3750 start adding in parts..
April Futures are available at 80 to 90 Rs discount compared to Spot price...
Stop 3500 on closing basis...
Target for medium term around 4700 4800
Positional Pick
LTTSNSE:LTTS
One can wait for Retest or enter now , with SL below the Candle Low.
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose!