Long
LTI Double Top Pattern at Strong Support
LTI is forming Double Top pattern on 1D chart timeframe, It has taken support for six times on support line. As nifty IT is also in uptrend move LTI can go up from these levels after a retrace.
Target Price 4030(short term) it may go up to 4300 if hold for a bit long. Stop loss should be at 3574 (or depends on your risk management).
Mostly double top patterns give a sell call, but LTI is showing good quarter results with new business deals and a very strong support at respective levels, there are chances that it will go in upward direction.
This is my first post, please share your thoughts.
Thanks.
Target Price 4030(short term) it may go up to 4300 if hold for a bit long. Stop loss should be at 3574 (or depends on your risk management).
Mostly double top patterns give a sell call, but LTI is showing good quarter results with new business deals and a very strong support at respective levels, there are chances that it will go in upward direction.
This is my first post, please share your thoughts.
Thanks.
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