raj_rishav
Long

LT : Upar Jaane ka Raasta

NSE:LT   LARSEN & TOUBRO
LT is back in its value area after a downward dip breaking the trend line . Please See linked ideas for details.
Key levels are marked on chart for the upward movement and positional trades.

The stock saw short covering when it touched 900 leading to an immediate rebound.
The OI Status as on Friday is over 20 Lakh open interests for 950 (5Lakh) to 1000 levels (10Lakh) with 900 being the support (3Lakh).

So there is a definite bullish bias to the stock.

Positional Intraday Ideas:
Go long above 930 for 945, 965, 980 with SL at 910; Trail SL after 945

P.S. You will need to zoom out to see the long term FIB retracement levels for key supports and resistance levels.
Trade active
Comment: Approaching T1
Comment: tomorrow maybe
Comment: will keep overnight positions
Trade active
Comment: strict SL tomorrow. large volatility expected.

Comments

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