Best Stock For Monday 31/07/2023

Is L&T TECHNOLOGY SERVICES good for long term investment? or doing intraday for tomorrow?

As on Jul 28,2023, the Fundamentals of L&T TECHNOLOGY SERVICES look Strong and hence it may be good for long term investment! Please look at the other parameters such as Valuation, Price Momentum, News & Corporate Governance and/or consult an Investment Advisor before taking an investment decision!

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LTTS (L&T Technology Services) is a leading global engineering services company that specializes in providing solutions in areas such as Industrial Products, Medical Devices, Transportation, Telecom, and Process Engineering. In terms of technical analysis, several key indicators can be considered.

First, the trend analysis indicates that LTTS has been in an uptrend, with higher highs and higher lows. This suggests that the stock has been gaining momentum and is potentially poised for further upside.

Secondly, the moving averages are often used to identify price trends. In the case of LTTS, the 50-day moving average has been consistently above the 200-day moving average, confirming the positive trend.

Current Price Crossed Above 10 Day SMA, Current Price Crossed Above 20 Day SMA, Current Price Crossed Above 25 Day SMA, Current Price Crossed Above 30 Day SMA
Current Price Crossed Above 5 Day EMA, Current Price Crossed Above 10 Day EMA, Current Price Crossed Above 15 Day EMA, Current Price Crossed Above 20 Day EMA, Current Price Crossed Above 25 Day EMA.

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Market Capitalization of L&T Tech stock is Rs 41,622.01 Cr.

Following are the key changes to L&T Tech shareholding:

• Based on the information provided, it appears that "L T" is a stock that had a bullish session. Here's a summary of the key points:

1. Percentage Change: The closing price is 1.92% higher than the previous session's close.

2. Opening and Closing Prices: The stock opened at 3954.00 and closed at 4016.10.

3. Price Range: The stock moved within a range of 3933.70 and 4020.45 during the session.

4. Average Volume: The average volume during this session was 176,965 shares, which is 23.04% of the previous session's volumes.

5. Short-term Trend: The stock's short-term trend is positive and in an uptrend.

6. Mid-term Trend: The stock's mid-term trend is positive and in an uptrend.

7. Long-term Trend: The stock's long-term trend is positive and in an uptrend.

Support and Resistance Levels for the next session (tomorrow):

• Support: 3974.9
• Resistance: 4061.65

Note: These support and resistance levels are valid for the first 5-15 minutes charts.

Overall, based on the information provided, "L T" seems to be performing well, with positive trends across short, mid, and long-term timeframes. However, it's important to conduct further analysis and research before making any investment decisions. Stock market conditions can change rapidly, and it's essential to stay updated with the latest information and consult with a financial advisor if needed.

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In last 52 weeks L&T Tech share had a high price of Rs 4,318.70 and low price of Rs 3,201.10

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I understand that you are looking for some guidance for trading in the first 5-15 minutes after the market opens with a cautious approach. Please note that trading in the stock market involves risk, and it's essential to do your own research and consider your risk tolerance before making any investment decisions.

Based on your statement, it seems like you are considering trading during the early minutes of the market open when there's a slight gap up. Here's a potential strategy you could consider:

1. Market Gap Up Opening: If the market opens with a slight gap up (meaning the opening price is higher than the previous day's closing price, but not significantly higher), you can consider taking a position.

2. Long Position: In a gap-up opening scenario, if the market sentiment is positive, you might want to consider going long, which means buying the stock with the expectation that its price will rise.

3. Cautious Approach: Since you mentioned a cautious approach, it's essential to set a stop-loss order to limit potential losses. A stop-loss order is an order placed with a broker to buy or sell once the stock reaches a certain price. This way, if the stock moves against your position, you will exit the trade automatically to protect your capital.

4. Profit Targets: Determine your profit targets in advance. You mentioned two potential targets: 4050 and 4100. These levels could serve as your profit-taking points. When the stock reaches these levels, you can consider selling to lock in your gains.

5. Monitor Market Sentiment: Keep an eye on the overall market sentiment and any significant news or events that may affect the stock or the broader market. Sudden shifts in sentiment could impact your trades.

6. Avoid Overtrading: Avoid making impulsive decisions and overtrading. Stick to your predetermined strategy and be disciplined in your approach.

Remember, trading based on short-term charts and small time frames can be highly volatile and risky. Always ensure you have a clear trading plan, risk management strategy, and only invest what you can afford to lose.

Additionally, it's important to conduct your analysis and consider technical indicators, candlestick patterns, and other relevant factors before making any trade. This response does not constitute financial advice, and you should consult with a qualified financial advisor or professional before making any investment decisions.

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Note: The trading advice mentioned in your message is very specific and may not be suitable for all traders. It's crucial to rely on your own analysis and risk tolerance when making trading decisions. Additionally, any trading recommendations may be subject to change rapidly due to the dynamic nature of financial markets.