L&T Technology Services, part of the IT services industry, gave a breakout above the short-term moving average of 50-DMA as well as the inverse head and shoulder pattern earlier in July which suggests buying momentum. Bulls helped the IT services stock to climb above the 50-DMA placed at Rs 3286 on 20 July which also helped the stock to break above the neckline of an inverse head and shoulder pattern on the daily charts.
