StoxBox
Login
LT-TECHNOLOGY-SERVICES

L&T Technology Services – BUY

2 mins read
20 June 2023

Our Technical View

1. The IT company plummeted over 50% while the price action was trading in its stage 4.

2. Following a 52 week low at 2937 the price action entered into an elongated consolidation phase.

3. The lateral trend determines gradual accumulation by professionals.

4. The buyers within the trading range were actuated on 27th April, 2023. It recorded the highest volume for the year. With this the price action also saw a burst in its momentum.

5. The relative performance compared to Nifty also witnessed significant improvement after the tepid move in April which was a positive sign.

6. The price action is trading in a tight and narrow range of ~6% i.e. 4550 points. The buyers and sellers are attempting to get into equilibrium at this point of time ahead of the consolidation and stage 2 breakout.

7. The price action also offers a favourable risk to reward opportunity and thus we reiterate a buy on LTTS for the target of 4310 and stop loss at 3727.

Click here to view the detailed report.

Facebook Linkedin
You might also Like.
Bharti Airtel – Buy

Edit Recommended Price Rs.1,302 Target (Rs) Rs. 1,502 Upside 15.4%...

StoxBox
© 2021 BP Equities Pvt. Ltd.
All Rights Reserved
StoxBox Instagram
StoxBox Facebook
StoxBox Twitter
StoxBox Youtube
StoxBox Linkedin
StoxBox Whatsapp
Get the app
StoxBox Footer
StoxBox Google Play Store
Products
MentorBox
HotBox
More

*All subscription pricing plans mentioned across the website are exclusive of 18% GST

By signing up, you agree to receive transactional messages on WhatsApp. You may also receive a call from a BP Wealth representative to help you with the account opening process

Disclosures and Disclaimer: Investment in securities markets are subject to market risks; please read all the related documents carefully before investing. The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results. Details provided in the above newsletter are for educational purposes and should not be construed as investment advice by BP Equities Pvt. Ltd. Investors should consult their investment advisor before making any investment decision. BP Equities Pvt Ltd – SEBI Regn No: INZ000176539 (BSE/NSE), IN-DP-CDSL-183-2002 (CDSL), INH000000974 (Research Analyst), CIN: U45200MH1994PTC081564. Please ensure you carefully read the Risk Disclosure Document as prescribed by SEBI | ICF

Attention Investors

  1. Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020.
  2. Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge.
  3. Pay 20% upfront margin of the transaction value to trade in cash market segment.
  4.  Investors may please refer to the Exchange’s Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard.
  5. Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month.

Issued in the interest of Investors

Communications: When You use the Website or send emails or other data, information or communication to us, You agree and understand that You are communicating with Us through electronic records and You consent to receive communications via electronic records from Us periodically and as and when required. We may communicate with you by email or by such other mode of communication, electronic or otherwise.

Investor Alert:

  1. Prevent Unauthorised Transactions in your demat account –> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from CDSL on the same day………………….issued in the interest of investors.
  2. KYC is one time exercise while dealing in securities markets – once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
  3. No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor’s account.

BP Equities Pvt Ltd – SEBI Regn No: INZ000176539 (BSE/NSE), INZ000030431 (MCX/NCDEX), IN-DP-CDSL-183-2002 (CDSL),
INH000000974 (Research Analyst) CIN: U45200MH1994PTC081564
BP Comtrade Pvt Ltd – SEBI Regn No: INZ000030431 CIN: U45200MH1994PTC081564

For complaints, send email on investor@bpwealth.com

Copyrights © 2022 BP Group All Rights Reserved