L&T Technology Services (LTTS) is showing technical signals that suggest a promising swing trading opportunity.
Reasons are listed below :
4700 Resistance Zone Breakout and Retest: The 4700 level has been a significant resistance zone. The price broke above this level, retested it, and is now continuing its upward move, indicating strong bullish momentum.
Bullish Engulfing Candle on Daily Timeframe: The formation of a bullish engulfing candle on the daily chart signifies strong buying pressure and suggests potential for further upward movement.
200 EMA Support on Daily Timeframe: The stock is finding support at the 200-day exponential moving average (EMA), reinforcing the overall bullish sentiment and providing a strong support level.
0.382 Fibonacci Support: The price is also supported by the 0.382 Fibonacci retracement level, further strengthening the case for an upward move.
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@visionary.growth.insights
注释
Made a high of 6%+, closed above previous swing high HOLD !