NSE:LT   LARSEN & TOUBRO
broke daily trend line yesterday(red)
closed above 50% fib retracement levels

playing for 15min breakout strategy
long above 1301

short below 1292.50

tenkan above kijun
price above kumo cloud

macd showing buying

CATALYST:
good quarterly earnings
In Q2FY19E, we expect L&T’s revenues to grow 8.3% YoY to | 17180.9 crore on a standalone basis owing to a better execution rate. EBITDA margin is expected to improve to 8.7%. Consequently, we expect adjusted PAT to grow 11.5% to | 1100.4 crore with margin of 6.4%. However, L&T can report one-off gains arising from profitability on sale of stake in its IT subsidiary companies
Nov 01
Order cancelled

Comments

too volatile for me
Reply
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