TradingView
raj_rishav
Jul 18, 2020 4:46 AM

LT : Upar Jaane ka Raasta Long

LARSEN & TOUBRONSE

Description

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.
More