The chart of LTIMINDTREE LTD shows a Bull Flag formation, a bullish continuation pattern that typically appears after a strong upward move. The flagpole is represented by the sharp price rally, from 3,800, followed by a downward-sloping consolidation channel forming the flag.
This pattern suggests a potential breakout to the upside, supported by the Fibonacci extension levels projecting targets up to the .618 fib ext. level at ₹6,022. The RSI is near 56.89, indicating moderate strength, while the MACD shows a possible bullish crossover, further reinforcing the bullish outlook. The key support level is around ₹5,000, and a breakout above the flag could signal a resumption of the uptrend.
Disclaimer: The information provided in this analysis is for educational and informational purposes only and should not be considered as financial or investment advice.
This pattern suggests a potential breakout to the upside, supported by the Fibonacci extension levels projecting targets up to the .618 fib ext. level at ₹6,022. The RSI is near 56.89, indicating moderate strength, while the MACD shows a possible bullish crossover, further reinforcing the bullish outlook. The key support level is around ₹5,000, and a breakout above the flag could signal a resumption of the uptrend.
Disclaimer: The information provided in this analysis is for educational and informational purposes only and should not be considered as financial or investment advice.
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면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.