LPT Price Analysis
Bullish Breakout Signs
LPT is currently trading at 18.81,
showing strong bullish momentum with a gain of 25.32%
over the past 24 hours.
The price has risen from a low of 14.61 to a high of 19.00,
indicating significant buying pressure and bullish sentiment.
Key Levels to Watch:
Resistance: The immediate resistance level is 19.00.
A break above this level could pave the way
for a rally towards the 20.50 level or higher.
Support: The nearest support is at $17.15.
If the price pulls back, holding above this level will be
crucial to sustain the bullish momentum.
--- Trade Setup:
Entry Point: Consider entering if the price holds
above 18.50 to confirm the continuation of the bullish move.
Targets:
1. Short-term: 19.50
2. Next target: 20.50
Stop Loss:
Place a stop loss below 17.15 to manage risk in case of
a pullback.
---Market Sentiment:
The high volume and sharp price rise
indicate strong interest from buyers.
If this momentum continues,
LPT could see further gains.
However, look for profit-taking at resistance levels, which could lead to temporary pullbacks
