LONG POSITION SWING TRADE OPPORTUNITY. TARGET 5600 for NSE:LTI by Makgopro

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OK THIS is my second analysis after fairchem , for which i updated when i sold . The IT sector as a whole down due to external circumstances , No internal issues in almost all the it companies.

Considering this opportunity to invest or even trade for short term gains . I prefer mid cap which has better safety against sell off and higher profit percentage margin.

1 . LTI has been consolidating and formed a clear CUP AND HANDLE PATTERN .

2. It has taken support 4 times on a higher time frame .

3. The price sustained even when nifty had a major fall.

4. The handle breakout can push the stock price to 5100-5600.

5. HOLD for next 2-3 months with results upcoming for the SEP quarter .



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