Swing trade opportunity in LTIM

26 maj

LTIMindtree Ltd. operates as a technology consulting firm, which engages in services include cloud and infrastructure, cyber security, data and insights, digital engineering, disruptive SaaS, and platform operations.

Over the past four months, the price has been declining, but this month it reached its long-term trendline support on the weekly timeframe. After consolidating for four weeks, price has shown some strength and closed above last week’s level.

On the daily timeframe, the price has broken out above this consolidation range and also breached and retested the negative trendline.

A trade can be considered near the current market price (CMP), with a stop loss (SL) set at 4700. The targets are 5100, 5200, and 5500.

This analysis is for informational purposes only and is not a recommendation to buy or sell. Always consult a financial advisor and practice proper risk management before investing.

9 cze

Transakcja zakończona: osiągnięto poziom stop

SL hit.

But market shows bullishness from the last demand zone. One holding the trade can still hold for the targets and those whose SL got hit can also enter now again with SL of 4620 on the closing basis. Targets will be same.

Please comment if you want me to analyse any stock of your choice :)

18 cze

Uwaga

Those holding this trade can book some profits as T1 hit. Rest quantities can be hold for the big targets.

21 cze

Uwaga

T2 hit, book some profit and trail for next target.

1 lip

Uwaga

All targets hit today :)