LTIM: Preempting a Cup and Handle & Long-Term Horizontal Breakou
🚀 LTIM: Preempting a Cup and Handle & Long-Term Horizontal Breakout! 🚀
Current Market Price: 6261
Stop Loss: 5570
Target: 8271
LTIMindtree is on the verge of a major breakout, presenting an exciting opportunity. The IT sector’s strength adds confidence to this move, with the horizontal resistance at 6495 being tested multiple times and now poised for a potential breakout.
📈 Strategy:
Consider creating positions in a staggered way to minimize risk and manage the larger stop loss effectively.
Watch closely for the breakout confirmation to add momentum to your trade.
📉 Disclaimer: As a non-SEBI registered analyst, I recommend conducting thorough research or seeking advice from financial professionals before making investment decisions.
#LTIMindtree #MarketAnalysis #CupAndHandle #TechnicalBreakout #ITSector #InvestmentOpportunities #RiskManagement
Current Market Price: 6261
Stop Loss: 5570
Target: 8271
LTIMindtree is on the verge of a major breakout, presenting an exciting opportunity. The IT sector’s strength adds confidence to this move, with the horizontal resistance at 6495 being tested multiple times and now poised for a potential breakout.
📈 Strategy:
Consider creating positions in a staggered way to minimize risk and manage the larger stop loss effectively.
Watch closely for the breakout confirmation to add momentum to your trade.
📉 Disclaimer: As a non-SEBI registered analyst, I recommend conducting thorough research or seeking advice from financial professionals before making investment decisions.
#LTIMindtree #MarketAnalysis #CupAndHandle #TechnicalBreakout #ITSector #InvestmentOpportunities #RiskManagement
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