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Darshaann
Sep 4, 2021 4:05 PM

L&T May Give Breakout..this Time 1750++++ Long

LARSEN & TOUBRONSE

Description

As we can see here its forming Symmetrical Triangle which high probability of Bullish Breakout .....
Second Reason i choose this stock becuse of how the false breakdown happend and after that sharpe recovry... and took Support FROM 50 EMA
Now if it break the trendline and sustain above its resistance then we will initiate BUY
Buy Above - 1700 (Closing Basis)
Target - 1720 / 1730 /1740.
SL - AS PER OWN RISK.

NEXT WEEK NIFTY REALITY SECTOR WILL PERFORM.
Comments
4b26c1ffaa69429f8af568711df78c
LT will be breaking out of a Multi-Year channel, observable in the Monthly TF. I also expect a strong move towards the upside upto 1800 levels..
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