LARSEN & TOURBO - Trading in Range
Updated
LARSEN & TOURBO (LT) has been testing neckline of Head & Shoulder pattern post breakout. Move below 1697 will take price towards 1650 levels. On the upside, resistance is at 1765.
Note
LT is retesting the trend channel. Upside on cards only if closes above 1765 level.Trade active
Post taking resistance at trend channel , slided downside yesterday thus breaching the range .Trade closed manually
LT broke the range @ 1697 & made the low of 1677 before rallying upside and triggering the Stop-loss
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