On the daily time frames, there are important supply and demand zones that have been respected throughout. Demand Zone ranges from 55.45 - 53´s and the Supply Zone ranges from 67.30 - 68´s. Any breach of the said zones can result in massive moves for the stock. The stock can give a good swing play upon the breach of the demand zone, the target for which is lower...
LT has shown heavy consolidation within the channel for about 5 times. Any breakout on the upside and the downside can possibly be a good setup for intraday play. On the downside, we can see a target till the trendline in black. It would need healthy volumes for the trendline to break. The reason being that, on previous occasions when the trendline had been...
