Stock analysis L&T Technology LTTS

More indepth analysis on MunafaSutra.com

Moving Averages for L&T Technology

5Day Average: 5388
12Day Average: 5574.64
20Day Average: 5502.81
50Day Average: 5433.17
100Day Average: 5299.49
150Day Average: 5029.11
200Day Average: 4819.84

LTTS Indicators & signals

Indicator MACD (12,26,9)

5465.52, 5467.45, 48.42
Indicator MACD is in negative zone

Indicator ADX (14)

20.56, 20.49, 31.1
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 47
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of LTTS L&T Technology are as follows: Daily volume is divided by 10 day averaged volume

Date	Close	Range	Change %	Volume
19 Fri Apr 2024	5232.10	5180.90 to 5274.60	-0.86%	0.8 times
18 Thu Apr 2024	5277.60	5251.15 to 5403.85	-0.74%	0.91 times
16 Tue Apr 2024	5316.90	5308.80 to 5462.10	-2.67%	0.66 times
15 Mon Apr 2024	5462.55	5445.00 to 5608.90	-3.33%	0.65 times
12 Fri Apr 2024	5650.85	5635.05 to 5756.85	0.05%	0.77 times
10 Wed Apr 2024	5647.85	5603.85 to 5666.00	0.29%	0.54 times
09 Tue Apr 2024	5631.70	5618.30 to 5773.00	-1.22%	0.89 times
08 Mon Apr 2024	5701.45	5685.00 to 5873.35	-1.81%	0.8 times
05 Fri Apr 2024	5806.45	5761.00 to 5829.35	-0.39%	0.54 times
04 Thu Apr 2024	5829.00	5752.25 to 5869.85	1.26%	1.66 times
03 Wed Apr 2024	5756.70	5540.55 to 5817.95	3.12%	2.57 times
02 Tue Apr 2024	5582.50	5530.25 to 5652.05	-0.36%	1.44 times

Technical analysis forecast for L&T Technology Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT L&T Technology LTTS at this time. Stock is falling and might fall more.

It appears as if L&T Technology LTTS gave a large move recently.

Stock of L&T Technology (LTTS) is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

My analysis of L&T Technology is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if L&T Technology stays below 5279.3, but if it comes above 5279.3, then a intra day buy could be more profitable.
If you take a sell trade below 5279.3, then use 5279.3 as stoploss and 5044.9 as target. However if you take a buy trade in L&T Technology, then use 5279.3 as stoploss and 5474.61 as target.

More indepth analysis on MunafaSutra.com