Stock analysis L&T Technology LTTS

More indepth analysis on MunafaSutra.com

Moving Averages for L&T Technology

5Day Average: 4666.07
12Day Average: 4999.03
20Day Average: 5273.75
50Day Average: 5321.23
100Day Average: 5318.92
150Day Average: 5043.68
200Day Average: 4863.66

LTTS Indicators & signals

Indicator MACD (12,26,9)

4949.26, 5162.17, -118.83
Indicator MACD is in negative zone

Indicator ADX (14)

55.18, 11.55, 39.98
Indicator ADX is indicating that momentum is still strong.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 42
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
03 Fri May 2024	4574.00	4550.10 to 4664.50	-1.07%	0.53 times
02 Thu May 2024	4623.65	4611.65 to 4660.00	-0.36%	0.6 times
30 Tue Apr 2024	4640.15	4625.00 to 4737.45	-1.58%	0.8 times
29 Mon Apr 2024	4714.45	4675.00 to 4830.00	-1.33%	1.31 times
26 Fri Apr 2024	4778.10	4690.00 to 4958.65	-7.81%	4.97 times
25 Thu Apr 2024	5182.85	5091.05 to 5240.60	-1.19%	0.59 times
24 Wed Apr 2024	5245.20	5190.75 to 5271.85	0.56%	0.38 times
23 Tue Apr 2024	5215.90	5153.20 to 5250.00	0.55%	0.37 times
22 Mon Apr 2024	5187.45	5168.00 to 5300.00	-0.85%	0.29 times
19 Fri Apr 2024	5232.10	5180.90 to 5274.60	-0.86%	0.33 times
18 Thu Apr 2024	5277.60	5251.15 to 5403.85	-0.74%	0.37 times
16 Tue Apr 2024	5316.90	5308.80 to 5462.10	-2.67%	0.27 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, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

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 4689.9, but if it comes above 4689.9, then a intra day buy could be more profitable.
If you take a sell trade below 4689.9, then use 4689.9 as stoploss and 4198.8 as target. However if you take a buy trade in L&T Technology, then use 4689.9 as stoploss and 5099.15 as target.

More indepth analysis on MunafaSutra.com