L&T Technology Services Ltd| Flag and pole pattern and breakout| Latest stock market news
(3 minutes read)

Stock name: L&T Technology Services Ltd

Pattern: Flag and pole pattern and breakout

Time frame: Daily

Observation:
The stock saw a significant upwards move in late April 2023, followed by consolidation since May 2023. During this period, a flag and pole pattern emerged on the daily charts. On July 14, 2023, the stock broke out from the flag pattern with volumes twice the average. The RSI of the stock is approximately 65, indicating strength in the price movement. As per technical analysis, if the stock sustains this breakout level it may move upwards.

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Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.

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