LTTS - Forming Ascending triangle and cup and handle patterns on weekly charts. Need to close above 5890 for breakout, which can test 8000 levels in a 6 to 12 month timeframe. We can have it in watchlist for next week.
Strengths The company is virtually debt-free. The company has a good ROE track record of 27.20%. The company has delivered average profit Growth of 23.19% in the last 3 years. The company has delivered good income growth over the past 3 years of 20.47%. The company has effective cash conversion ratio of 106.58.
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