LTTS: Beautiful Breakout But ...
Updated
The chart should give you everything you need to know. But here are some pointers for those who like to read:
- A beautiful Symmetric Triangle breakout. The support and resistance trendlines were religiously followed. Thus, making the pattern stronger.
- The consolidation period was a good 15 months. Every IT company has gone through the pain.
- We have defined support and resistance zones. The triangle breakout is good but is exactly near the Crucial resistance zone.
- A break and sustenance of it will be crucial for the future upmove.
- We have a 5000 psychological level sitting on the top as our first target
- Nifty IT is also gearing up for some long-due momentum. This should give a push. https://www.tradingview.com/chart/CNXIT/jSHsn4ug-NIFTY-IT-Updated-Price-Action/
What should we analyze next??
Have Requests, Questions, or Suggestions? Let us know in the comments below.👇
While you do that, how about a boost for some motivation🚀
⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
- A beautiful Symmetric Triangle breakout. The support and resistance trendlines were religiously followed. Thus, making the pattern stronger.
- The consolidation period was a good 15 months. Every IT company has gone through the pain.
- We have defined support and resistance zones. The triangle breakout is good but is exactly near the Crucial resistance zone.
- A break and sustenance of it will be crucial for the future upmove.
- We have a 5000 psychological level sitting on the top as our first target
- Nifty IT is also gearing up for some long-due momentum. This should give a push. https://www.tradingview.com/chart/CNXIT/jSHsn4ug-NIFTY-IT-Updated-Price-Action/
What should we analyze next??
Have Requests, Questions, or Suggestions? Let us know in the comments below.👇
While you do that, how about a boost for some motivation🚀
⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
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And we have a breakout of the resistance zone.Note
5% in !Note
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We have reached 5000!Note
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The Q4 impact. Potential supports marked.Note
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