DISCRIPTION
LTI after making double bottom is moving towards all time high (ATH). It has broken the trendline clone as well as 0.786 fib-level. If the momentum is strong in Nifty IT ,LTI can easily break the ATH and another sharp bull run might be observed.
EXPECTATIONS
1)Breakout from Trend 1 clone
2)Breakout from 4500 level
RESULT
If the expectations are met ,stock might be in a bullish range in upcoming weeks
LTI after making double bottom is moving towards all time high (ATH). It has broken the trendline clone as well as 0.786 fib-level. If the momentum is strong in Nifty IT ,LTI can easily break the ATH and another sharp bull run might be observed.
EXPECTATIONS
1)Breakout from Trend 1 clone
2)Breakout from 4500 level
RESULT
If the expectations are met ,stock might be in a bullish range in upcoming weeks