LT daily chart
Trend indicators in daily chart has indicated uptrend in LT. Trend will remain up as long as it is above Rs.1350. In the above chart you can see that LT is forming lower top lower bottom formation which is medium term bearish structure. If it closes above Rs.1485 then medium up trend will start. Till then these bounce back will not last too long.
Nifty medium term trend
| Trend | DOWN |
| Initiation Date | 26-02-13 |
| Initiated at | 5761 |
| Low since change | 5612 |
| Reversal if closes below | 5895 |
Thought for the day
A
tremendous stream is flowing toward the ocean, carrying us all along
with it; and though like straws and scraps of paper we may at times
float aimlessly about, in the long run we are sure to join the Ocean of
Life and Bliss. - Swami Vivekananda
