In the previous session, the Nifty index opened a gap up but soon slipped into a negative territory. Post that the Nifty index gradually recovered all its losses and made a high near 18261 level. Market remained in a sideways zone with positive bias throughout the day. The Index formed a Bullish Candle on the daily chart and closed with a net gain of 84 points. Traders should be focused on Sector and stock specific strategy for the next trading day.

 Look at the below research report of Stocks to Buy for Wednesday, November 23, 2022’ before the market opens.

L&T Technology Services Ltd

On the daily time frame LTTS share prices are moving precisely within the Rounding Bottom pattern. Stock closed with a green candle near its important resistance of 3879 levels and only breaking above would take prices higher. Going by the bar technique, stock has broken three months swing high. As per Band Bollinger, there is a positive confirmation as prices managed to close near the upper band from its consolidation phase. The Relative Strength Index (RSI) on the daily chart is 67, which indicates bullishness.

In short, LTTS looks to be at a crucial juncture but with bullish up move expecting. Break above 3879 levels which could take prices toward 4157 or higher levels. This outlook is valid as long as 3700 remains protected on downside.

Check More Analysis on LTTS at: L&T Technology Services Ltd