LTIMINDTREE — bounce stalls halfway up the February fall

is at 4275, down 2.3%. The 20 MA sits at 4387.80 and the 50 MA at 4492.69. Worth stepping back on this one. The stock fell from 6300 in December to 3580 by early July, a decline of over 40%. August brought a decent bounce to around 4880. What we are seeing now is that bounce giving back ground, with price under both averages and the 20 having crossed below the 50 in the last few sessions. So the August recovery has stalled roughly halfway up the February to March collapse. IT services has been the weak pocket of the market, with clients holding back discretionary spend, and this chart reflects that rather than anything specific to the company. 4490 is the line that would put the recovery back on track. 4000 is where the July base began.