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NeeteshJain
Oct 19, 2016 5:16 AM

LT - Descending Triangle Breakout Confirmed Long

LARSEN & TOUBRONSE

Description

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

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Comments
rohit.muluk
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
rajesh2467
So does Sun pharma, with 3 Outside up pattern and breaking above descending triangle.
rajesh2467
Thanks for bringing LT in notice. Regards.

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