NeeteshJain

LT - Descending Triangle Breakout Confirmed

Long
NSE:LT   LARSEN & TOUBRO
It is been observed that the price action formed a descending triangle on daily chart and today's price action confirmed the breakout to upside as it reached above the highs of the previous day. It shall now move further up 1500, 1520, 1540 levels.

Target: 1540
Stoploss: 1450
Trade active

Comments

Hello NEETESH.....i hav drawn bearish gartley on daily chart in L&T ......please go through following points and guide us what i missed in that bearish gartley.......X@23/9/2016...A@30/9/2016....B@4/10/2016....C@13/10/2016....D@17/10/2016
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So does Sun pharma, with 3 Outside up pattern and breaking above descending triangle.
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Thanks for bringing LT in notice. Regards.

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