The most recent price action on LTTS shows the formation of a complex Inverse Head & Shoulder formation. The stock has seen a significant corrective decline from the high point of Rs 5955. The development of this pattern makes it a valid one as it is formed after a significant decline.
The airline was forced to induct older planes due to grounding led by issues of Pratt & Whitney engines
“Banks led by State Bank of India had come in to support the reconstruction scheme. As per regulations, banks cannot remain invested in other banks,”
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