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Rakesh Madhav CFA

30th Nov · SEBI-Registered Analyst

LTIMindtree — IT Momentum Returns 💻

LTIM
added 1.2% to ₹6,096, continuing its steady uptrend as large-cap IT names regain investor attention. The stock is consolidating near recent highs with strong technical setup. Technical View: Sustained move above ₹6,000 level supported by rising 9-EMA (₹5,941). RSI (14) at 66.4, suggesting healthy momentum without overextension. Price pattern shows consistent higher-lows — typical of a trending phase. Support: ₹5,950 | Resistance: ₹6,150–₹6,200 | Bias: Bullish with steady upside potential. Fundamental View: Demand recovery in cloud and digital transformation driving mid-term optimism. Improving margin guidance and stable deal pipeline support valuations. Analysts maintain positive outlook with price targets of ₹6,300–₹6,400. Outlook: A sustained close above ₹6,150 could open the next leg higher. Stock remains in accumulation mode with stable uptrend structure.

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