Flag in LTIMThere is a flag forming in 1D time frame in LTIM, Wait for a clear breakout to take a long trade, else a short could be tried for the lower range
LTIM trade ideas
#LTIMBuy LTIM
Cmp 4971
First Target 5050
Second Target 5100
SL 4780
Trade Logic
Rising Stock
Retest done
High Volume
Sector support
Time for bounce in LTIMI feel this is the bottom for LTIM share. Just for safety have a big stop loss to avoid fake outs. Fingers crossed.
LTIM - Weekly AnalysisIn the Weekly Chart of LTIM ,
we can see that, after the failure of Cup & Handle, it is now ready for up move.
it has getting ready for W Pattern breakout.
Let it retest and then Enter with SL. and Go Long till 6250-6500.
#LTIM#LTIM, Looking good to Long as long as it is holing 4650 Level for the Upside Target of 4800. Break of 4800 opens gate for 4900-5000 level. It has shown Stong Short covering + Good Long Buildup.
A pattern seen in the stockA candlestick pattern hanging man is seen near the resistance line in daily timeframe which indicates trend reversal though the stock is in uptrend.
Can you still enter LTIM ?After the post on Feb 1 LTIM has broken out of its distribution zone and is now (most probably) starting an uptrend. Those who weren't able to trade it can now enter with the greatest RR this trade could've given. Stock has retraced back to the golden Fib zone and has made a strong bullish candle. Enter above this high and place your stops just below yesterday's low or even below the current candle's low. Trail accordingly or with 21 & 55 EMA (on the chart). Happy trading!!!
ltim breakoutltim trendline and horizontal boundary breakout
nifty down it stocks strongs
trade with caution and limited quantity due to volatility
sl 4484 taget 4720 cmp 4580
LTIMINDTREE - KEY RESISTANCE 4720 LTI MINDTREE Key resistance is 4720 where there is confluence of 50 Weekly MA and Downward Trendline.
Structure overall looks good.
5600 is expected to come in short term (3 months) once 4720 breaks decisively
LTIMINDTREE Low risk high reward ideaNSE:LTIM has given a breakout and closed above 4515. My idea is to take entry at 4515 with stop loss of 4325 (-190 points risk). My expected upside target will be 4925 (+410 points).
Note: This is my personal analysis, only for learning. Thanks.
LTIM possible breakout ??After a long distribution period, LTIM might be on its way to a breakout. Stock has formed a two day flag-consolidation on the top of the range and has broken above the 20 SMA. Also the stock is forming this consolidation near the 50 SMA. There is also decline in volume after the rally.
LTIMindtree - 4460 KEY LEVELChart Set up looks Good with Bullish Divergence.
Above 4460 for 15 mins can do 4700...
LTIM: Elliott Wave ViewHey Guys !
Hope you all doing well, I really was busy in last 1 month and could not upload my views on the stocks.
Today seen the chart of LTIM (Larson and Toubro Infotech: Mindtree).
It had finished its 5 wave rally near 7588.80 on Jan 04.2022. Being in correction for the entire 2022, now it seems, it has completed its correction near 3733.30 on May 26.2022 (more than 50% from the all time high). Keeping that low as a reversal point I found a diagonal structure formed from May 26 2022 to Nov 15 2022, I have counted them as a five wave structure.
To me it looks, it already have corrected about 61.8% of the move from May 26 2022 to Nov 15 2022. In a diagonal structure we assume that a correction of nearly 61.8% to 78.6 % is a healthy correction.
So guys we can further see 4081.50 level if it correct 78.6% but in my view it seems it has given the signal of reversal.
My invalidation point will be 3733.30 that is the low of 26 May 2022.
This analysis is only for educational purpose any losses will be sole responsibility of the traders/investors.
Thank you for watching this chart. if you liked the analysis please hit boost button.
Regards
short target 2860Perfect BEARISH FLAG made as if you see chart in daily time frame which indicate Bearish so go only show in pullback
1st target 3856
2nd 3571
last one is 2884 this when retracement happen only so be negative in this stock , As IT sector also show weak
LTI Mindtree - Adding this StockMedium Term outlook is Bullish...Dont Miss it...Weekly Charts are superbly strong
Stoploss 4400 Target 5600 6000
L&T short tradeGood to sell as
the stock has turned lower from the Fib speed resistance.
The EMA ribbon as contracted in a sign of warning bullish momentum.
The daily chart RSI has dropped under 50 and points lower.
The MACD is about to produce a bearish crossover.
So, odds appear stacked in favor of a drop to 4260. I would go long only above 4820.
L&T Infotech Stock - Shark Pattern complete I dont usually trade stocks but I saw this setup on the chart
Shark pattern formation and price is now resting a little above 1.618 which makes shark pattern D leg complete.
Minimum retracement expected is 38.2% and 50% but I have provided 4 different targets.
It is overbought on lower timeframe and has small bearish divergence.
Shark pattern usually consists of 5-0 which is a continuation pattern, so I wont be surprised if stock moves further high!
