Topic Statement:
LT surged nearly 6% after posting impressive Q1 FY26 earnings, reinforcing its position within a mildly bullish up-trending channel.
Key Points:
- The stock may experience temporary bullish momentum driven by strong quarterly results
- It continues to trade within a mildly bullish up-trending channel, making channel-based trading reliable
- Two trend lines on the chart highlight the ongoing trend strength and underlying support for the stock
- Since recovering from COVID in 2021, the price has consistently remained above the 200-day EMA, reflecting long-term bullishness
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Disclaimer
This article should not be interpreted as investment advice. For any investment decisions, consult a reputable financial advisor. The author and publisher are not responsible for any losses incurred by investors or traders based on the information provided.