Buy LTIMindtree Ltd For Target Rs.6400 by Jainam Share Consultants
LTIMindtree Ltd
Buy LTIMindtree Ltd CMP 5822 Buy Price 5822 Target 6400 Stop loss 5510 Holding Periond 30 Days
* The stock price trading at Rs. 5822.00 on 12 NOV 2025.
* LTIM has formed a Flag and pole pattern on the daily chart, indicating a potential bullish continue pattern. Price has broken above trendline resistance zone, supported by strong volume.
* The pattern was decisively broken with strong volume, confirming the breakout. Post breakout, the stock is showing strength and is currently trading above the 20-day EMA, 50-day EMA and 200-day EMA, indicating a positive shift in trend.
* RSI is also trading at above 60. rsi indiccating strength in this breakout.
* Based on the current price action, we expect the stock to move higher toward the 6300-6400 levels. A stop loss can be maintained at 5510 to manage risk effectively.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
