TradingView
Aditya_Singh21
May 19, 2020 8:28 AM

LONG ON LT(NSE) Long

NSE:LT1D
LARSEN & TOUBRONSE

Description

⋅
This analysis is only for educational purposes, Invest at your own risk!

  • A descending triangle pattern can be seen with the resistance line at price 803-804.
  • Going long at 813-814 an targeting to sell at around 850-855 can prove to be very profitable .
  • The Volume pattern can be seen to be stable a supportive with the above mentioned pattern.


Any kind of criticism is highly appreciated !
CHEERS!

Trade active

⋅
The price can be seen bouncing off the support line and seems to be heading our in our direction

Trade closed: target reached

⋅
target was reached !
Trend AnalysisChart PatternsTechnical IndicatorsLONGswigtradingprofitsamrttradegoodtradegoodtrader
Comments
ManishKumarc90a3500e6114ed3
⋅
Chances are high to go up.
Aditya_Singh21
⋅
@ManishKumarc90a3500e6114ed3,
Yes sir ,
The price has rebounded and it is highly probable that it will reach the target!
Cheers!
ManishKumarc90a3500e6114ed3
⋅
@Aditya_Sitngh21, Thanks for your reply.
Amit_Doshi
⋅
Hi,

Whats your view please on next 5-7 days with the new data you have at hand ( after you posted this ) ?
Aditya_Singh21
⋅
@amitdoshi0807,
Hey Amit I think the stock price will continue to go even lower towards 762.15 (Support) hence it will be great to get in a short position!
AAMARCH1
⋅
What's ur latest view on LT. I bought at 823.
Aditya_Singh21
⋅
@AAMARCH1,
I would suggest you to set your target at about 845-850 INR.
The stock showed good volume today and will most probably hit your target!
More