Stock Radar: LTIMindtree forms Cup & Handle pattern on weekly charts; buy now or wait for breakout?

The IT stock peaked at ₹6,575 on September 19, 2024, but lost momentum. In November, it found support above the 21-week moving average and staged a rebound. On the daily charts, the stock found support above the 200-DMA in October before rebounding. A swift recovery from key moving averages signals bullish momentum is likely to persist.