NSE:LT   LARSEN & TOUBRO
5
lt has been in sideways after rising from 1300 levels to 1500.
it has been observed it is forming a PENNANT PATTERN on daily chart ,one might go long in this heavyweight for target of 1550 level as risk reward is favorable ( sl 1460 for day traders).
sideways after breaking a triangle on weekly chart suggest a big move ahead
Comment:
Trade active: cmp 1492
Comment: lt once again gave buy oppurtunity yesterday and bounced back to 1498 level .
target intact , trade active ..
Trade active: 1570 , 30 points more for target 1