Positional call – Buy LT above 1455 closing basis sl 1370 target 1580-1680

holding period 2-3 months, entry on closing basis.

Technical Study –  If we can observe the chart of LT, we can clearly see that its having major support of long term trend on recent low, which is shown by demand trendline.

Bollinger Bands also suggesting that stock is just now came out from oversold zone and clearly out from lower band of it, so any time up move to see in this one.’

RSI also taken the support on chart, which also indicate that stock can give movement in coming days after confirmation of its trend.

According to chart patterns we can clearly see that recently it has created double bottom pattern on chart so after confirmation of reversal we can movement in price.

Yesterdays candlestick suggest that its a bullish gap up candle on chart.

Also stock has broken the two weeks high in last trading session, so after confirmation of trend on chart we can see more major moves soon……