Santosh_A_Chavan

LT Long -Break out of Cup and handle pattern

Long
NSE:LT   LARSEN & TOUBRO

L&T has given confirmed broke out of Cup and handle pattern on Friday (16-Jul-21)

Although LT has already made small move after the break out,but its still not very late to enter the trade. I spotted this trade only today. It will be great buy if we get this in 1-3% range of CMP (1618 on 16-July-21)


Entry- 1618-20 (Current Value or 1-3% above or below CMP - basically whatever you get)

SL- 1458 ( Low of the handle pattern )

Target - 1840 ( CMP plus length of the Cup)
Trade active: Trade is activated - but move is not yet started. Hoevver price is holding up above 1564 support line .