💻 LTIMindtree (Monthly) – Post-Merger Base → Wave-5 Style Expansion Setup

🧠 Structural Read (Big Picture) 🔹 Impulse Phase (2020–2021) Strong 5-wave impulse from ~₹2,000 to ~₹7,700 Classic IT bull-cycle leader move Fibonacci expansion levels perfectly respected (0.5–0.786 zone marked by you) 🔹 Distribution → Reset (2022–2024) Sharp post-peak rejection from 0.786 Followed by: Long rectangular base (₹4,000 – ₹6,500) Time correction > price correction This is not a top, this is absorption after excess optimism Merger complexity (LTI + Mindtree) is fully digested by the market here. 📐 Why This Is a High-Quality Base Key positives: 📦 Range compression for ~30+ months 📉 Volatility contraction (monthly bodies shrinking) 📈 200-DMA (purple) flattening & curling up Multiple failed breakdowns below ₹4,500 → strong demand This is how institutions re-accumulate quietly. 🔑 Trigger Zone (Most Important Level) ₹6,500–6,600 monthly close This is: Range high Supply zone from 2021–22 Psychological merger resistance Once this level is accepted (not just spiked) → structure changes completely. 🚀 Upside Projection (Conservative, Not Aggressive) Using range expansion logic: Range height ≈ ₹2,500 Breakout above ₹6,500 → ₹9,000–9,300 zone Your marked projection (~₹9,200) is technically spot-on. This would be a Wave-5 type expansion, not Wave-3 mania → steady but powerful. 🛡️ Risk Management (Positional View) Structure valid as long as: ₹4,800–4,900 holds on monthly Structural failure only below: ₹4,300 (very low probability unless IT index breaks) This gives excellent risk:reward for long-term capital.