manavtechresearch
Short

L&T SHORT POSITIONAL TRADE

NSE:LT   LARSEN & TOUBRO
NOW THE STOCK HAS TRADED FOR OVER A MONTH IN A RANGE OF 1209 TO 1240.
AND YESTERDAY WENT BELOW THE RANGE AND MANAGED TO BOUNCE BACK AND FORM A HAMMER CANDLESTICK PATTERN
BUT TODAY IT SAW A GAP DOWN AND IS FIND HARD TO CROSS BACK ABOVE ITS 20 DAY MOVING AVERAGE
IT MEANS THAT THE STOCK IS UNDER PRESSURE AND THE MOVING AVERAGES ARE SQUEEZING AND COMING NEAR TO EACH OTHER
SO NOW TRADE CAN BE EXECUTED ON THE DOWN SIDE AND WE WILL USE THE CONFIRMATION OF CLOSE BELOW 1209
TRADE VIEW
LITTLE BIT OF RISK
SHORT @ 1203
STOP @ 1210
TARGET @ 1187/1180
Comment:
hope some one has made money!!
Trade active: L&T has bagged orders worth 1600cr
its kind of positive news one can book profits in the stock and exit or one can hold till the stop loss.
If stop does not get taken away we can see further downside
Comment: TRADE CAUTIOUSLY BECAUSE NEWS IS NOT FACTORED -IN
Trade active: traders holding this stock can increase stop loss to 1213
Trade active:
Trade closed: stop reached
Perfect Shorting of Stock
Reply
@Vinitpowar, THANK YOU VINIT
Reply
GOOD prediction!
Reply
@thecsgs, THANK YOU!!
Reply
Do you cover TATAMOTORS ??
Reply
@fromkolkata,
CHECK OUT AND LEAVE A COMMENT OVER THERE FOR MY TRADE VIEW
Reply
fromkolkata manavtechresearch
@manavtechresearch, Thanks a lot. Have a good day.
Reply
@fromkolkata, YOU ARE WELCOME
Reply
EN English (IN)
EN English
EN English (UK)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out