LT

Looking Good For Short

has been trading in a wide sideways range for several months, oscillating between 3,400 on the downside and 3,700–3,720 on the upside. The 3,704 level is acting as a strong resistance ceiling, repeatedly rejecting price advances, while 3,400–3,450 remains a solid support base. The stock recently attempted to test resistance again but failed to sustain above it, indicating continued supply pressure at higher levels. A convincing breakout above 3,704 could open the way toward 3,850–3,950, whereas rejection and sustained weakness may pull the stock back toward 3,500 or lower.