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...
LLTS 15M
Analysis:
The trend is in upward and the price is not making higher high forming a resistance while the price is making higher lows and taking support on trendline.
LTTS can be a good buy or sell for tomorrow as it is an all-time high.
If it breaks the level of 5560 then take buy-side trade but be careful as the market is bearish and you are on an all-time high.
And if it gives any rejection candle in 5 min. timeframe and confirm its reversal move by another bearish candle then take the sell side trade and targets can be...
Yesterday on resistance a big marubozu candle generate a signal & today confirm candle stick pattern. Market sentiments very Bearish.
Macd also indicate some downside move possible
RSI indicate bearish
Make a fresh short when today low break.
Disclaimer This is my personal view for education purpose only
No Buy sell recommendations
INTRADAY TRADE
LTTS Looks Good ABOVE 4873
SL 4754
Targets 4932.25-4991-5074 points from entry
Hold few Months
Please consult your financial advisor before investing
All research for educational purposes only.
TARGET AND STOP LOSS GIVEN IN THE CHART
Market Cap
₹ 44,017 Cr.
Current Price
₹ 4,168
Stock P/E
35.6
Book Value
₹ 469
Dividend Yield
1.08 %
ROCE
32.8 %
ROE
25.0 %
Face Value
₹ 2.00
Promoter holding
73.8 %
EPS last year
₹ 111
EPS latest quarter
₹ 29.4
Debt
₹ 454 Cr.
Pledged percentage
0.00 %
Net CF
₹ 290 Cr.
Price to Cash Flow
33.8
Free Cash...
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.
The top 4 Tech Charts look strong and bullish, InfoSys being the weakest of the bunch and chugging along.
As long as the prices stay above the Green Trap Zone we are Bullish on these 4 symbols.
Boost Ideas If you like and lets Go !
