TheChartereds

LTTS: Beautiful Breakout But ...

TheChartereds Updated   
NSE:LTTS   L&T TECHNOLOGY SER
The chart should give you everything you need to know. But here are some pointers for those who like to read:
- A beautiful Symmetric Triangle breakout. The support and resistance trendlines were religiously followed. Thus, making the pattern stronger.
- The consolidation period was a good 15 months. Every IT company has gone through the pain.
- We have defined support and resistance zones. The triangle breakout is good but is exactly near the Crucial resistance zone.
- A break and sustenance of it will be crucial for the future upmove.
- We have a 5000 psychological level sitting on the top as our first target
- Nifty IT is also gearing up for some long-due momentum. This should give a push.

What should we analyze next??


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And we have a breakout of the resistance zone.

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5% in !
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We have reached 5000!
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The Q4 impact. Potential supports marked.

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