Topic Statement:
L&T is in a strong bull run, consistently moving higher within a clear uptrending channel.
Key Points:
The stock is moving upwards in a bullish uptrending channel, making channel-based trading straightforward
It continues to gain momentum as it respects the channel boundaries
The price has overextended above the 200-day EMA, suggesting the stock is highly overbought and may face short-term resistance
L&T is in a strong bull run, consistently moving higher within a clear uptrending channel.
Key Points:
The stock is moving upwards in a bullish uptrending channel, making channel-based trading straightforward
It continues to gain momentum as it respects the channel boundaries
The price has overextended above the 200-day EMA, suggesting the stock is highly overbought and may face short-term resistance
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.