Larsen & Toubro ( LT )
Updated
Buy @ 1500 to 1550
Put the stop loss below 1450 on the daily closing basis
Upside target @ 1650 then 1750
Technical:- On the daily chart smart money formed a double bottom chart pattern ( this is a trend reversal pattern ). According to my opinion, what should have been the correction of the five-wave here, has been done. I think this is a good time for accumulating this stock. On the other hand, if you look the stock looks fundamentally and technically valuable at this price level. So my dear investor if you are interested you can buy this stock for 3 months. The risk-reward ratio is also favorable.
Disclaimer:- Dear followers before taking any trade do your own analysis and consult your financial advisor because I'm not a SEBI registered advisor.
Put the stop loss below 1450 on the daily closing basis
Upside target @ 1650 then 1750
Technical:- On the daily chart smart money formed a double bottom chart pattern ( this is a trend reversal pattern ). According to my opinion, what should have been the correction of the five-wave here, has been done. I think this is a good time for accumulating this stock. On the other hand, if you look the stock looks fundamentally and technically valuable at this price level. So my dear investor if you are interested you can buy this stock for 3 months. The risk-reward ratio is also favorable.
Disclaimer:- Dear followers before taking any trade do your own analysis and consult your financial advisor because I'm not a SEBI registered advisor.
Note
There is multiple support zone between 1500 to 1550.Trade closed: stop reached
Disclaimer
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