LONG POSITION SWING TRADE OPPORTUNITY. TARGET 5600

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 .

Comentário:

Added more quantity as the price has taken support with reasonable volume .
As observed the company repeatedly shows very good SEP QUATER results in previous years . Profits start declining after December quarter.

Maintaining HOLD for SWING And LONG TERM INVESTOR . Fundamentally very strong company.

4400-4600 KEEP adding .

Trade ativo:

Exited position in LTTS today and added more quantity in LTI.
Upcoming September quarter results.
LTI seemed better option against LTTS .
Lets see. Will hold for a while Lets see.

Trade ativo:

Price took perfect support with volume and is handling global pressure quiet well .
Added some quantity at 4650.
Result tomorrow 15 October ,
Almost all the IT companies have shown good result , Mindtree exceptional result and Wipro being the worst .
Even decent result from LTI will help push the price above 5200 .
Hold tight Remain invested.

Trade ativo:

One more thing expect major uptrend move after proper breakout of 5100 price .