vaibhavmehta611

FLAG FORMATION (Price at Fibo 23.6 level and 9 day EMA Support)

Long
NSE:LT   LARSEN & TOUBRO
Positional Idea : LT has formed a flag on daily charts and price is taking support at Fibo 23.6 level and 9 day EMA , close above 1148 will confirm flag breakout , safe entry above 1177, post breakout flag target is 270 points.
Views for learning purpose only.
Comment: Post close above 1148 price has already given approximately 8% move can hold for the flag target with close below 9 Day ema as a trailing stoploss