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vaibhavmehta611

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

Long
LARSEN & TOUBRO (NSE:LT)  
vaibhavmehta611 Updated   
NSE:LT   LARSEN & TOUBRO
Chart Patterns FLAG Bullish Flag Fibonacci Retracement Exponential Moving Average (EMA)
3
2
chartpattern flag bullishflag fibonacciretracement ema
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
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