Multibagger Stock: LTIMindtree Limited up by 8% in less than a month!!

We published about LTIMindtree Limited in November 2024 and predicted the possibility of Multibagger returns in the coming 1-2 years. Check out the below research we had published on 22nd November 2024 itself.

This stock has managed to hold its gain and gave more than 8% returns in less than a month and made a fresh high of 6734 levels.

LTIMindtree Limited Daily chart anticipated as on 22^nd November 2024
Multi-bagger stock recommendation: LTIMindtree Limited

Buy Price – Buy above 6200 levels

Time Horizon – 1 - 2 years

Investment – 5% of capital

Target price –??

Stop loss -??

Wave Analysis as on 22^nd November 2024:

As seen in the above chart, the Nifty IT index was able to sustain at higher levels even though the Nifty fell in the first half of November 2024.Using advanced tools, we were able to identify one of such stocks in IT index named as LTIMindtree, which has recently given a breakout of the consolidated range and is expected to show good rally in coming sessions. On the weekly chart, LTIM closed above mid Bollinger Bands for the second consecutive week which is a positive sign. Now with follow up buying we can expect a move towards upper end of the Bollinger Bands®

As per wave perspective, from the lows of March 2020, this stock rallied by more than 500% in nearly 2 years of span and made a fresh record high around 7500 levels in form of primary wave 3, and then wave 4 got completed on the downside in the form of the triangle pattern. Now we are witnessing a rise is in the form of primary wave 5.

LTIMindtree Limited Daily chart Happened as on 12th December, 2024
Happened – the stock was in sync with our expectations and after breaking 6200 levels, the stock has shown rally on the upside and gained more than 8% in less than a month!! It has recorded its fresh high near 6734 levels. The overall up move has been strong and we expect prices to achieve its target of........levels in coming months.!

If you want to know more about such stocks like LTIMindtree subscribe to our JAL-Multibagger Research Report: Get a list of stocks with high growth potential Check Here

Brahmastra (Mentorship) – Learn the science of trading with complete handholding and live trading sessions, along with stock selection algos and options trading combined with Neo wave strategy. Fill form below for more details