SWING IDEA - L&T TECHNOLOGY SERVICES
Updated
L&T Technology Services (LTTS) is showing technical signals that suggest a promising swing trading opportunity.
Reasons are listed below :
Target - 5420 // 5870
Stoploss - daily close below 4390
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
Reasons are listed below :
- 4700 Resistance Zone Breakout and Retest: The 4700 level has been a significant resistance zone. The price broke above this level, retested it, and is now continuing its upward move, indicating strong bullish momentum.
- Bullish Engulfing Candle on Daily Timeframe: The formation of a bullish engulfing candle on the daily chart signifies strong buying pressure and suggests potential for further upward movement.
- 200 EMA Support on Daily Timeframe: The stock is finding support at the 200-day exponential moving average (EMA), reinforcing the overall bullish sentiment and providing a strong support level.
- 0.382 Fibonacci Support: The price is also supported by the 0.382 Fibonacci retracement level, further strengthening the case for an upward move.
Target - 5420 // 5870
Stoploss - daily close below 4390
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
Note
Made a high of 6%+, closed above previous swing highHOLD !
Note
back to buying price, hold!Note
Accumulate
Note
sharp upmove from support level, hold!Trade closed: target reached
1st target achieved : 13%++Note
Achieved 16%++Trade closed: target reached
2nd target achieved : 22%++
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