NeeteshJain
Short

Larsen - Looking Weak Ahead (Bearish Candlesticks)

BSE:LT   LARSEN & TOUBRO LTD
It is been observed that the price action indicating weakness due to the formation of two consective bearish candlesticks at the prior resistance levels. It is also indicating price rejection at higher levels.

Target 1: 1700

Target 2: 1680

Stoploss: 1760
Trade active
Trade active: Moving steadily so far and now it may speed up in last few hours of the session.
Trade active
Trade closed: target reached

Comments

is 1719 is a support area for this?. looks like some buying is coming in this area. Bought 1700 put lets see. Hope i make some money out of it. Thanks for the charts.
+1 Reply
NeeteshJain SonuBhaskaran
@SonuBhaskaran, Yes, It shall come down to 1700-1710 support zone and you shall make money. Wish you the best.
Reply
SonuBhaskaran NeeteshJain
@NeeteshJain, good call made 1000rs from the put. i was holding 1700 put for 8 rs it went upto 21.wud have made more but didnt want to risk as expiry was near. thank you
+1 Reply
NeeteshJain SonuBhaskaran
@SonuBhaskaran,Good to hear that you made profit and simultaneously learned to control your greed. Wish you the best. Regards
Reply
SonuBhaskaran NeeteshJain
@NeeteshJain, yeah i am trying to control my greed bro. for this position when i entered my target profit was 1000rs hence i exited early . it important to exit in profit than in loss :)
Reply
Govt. Sold 2.4% in LT
+1 Reply
That means you are expecting a fall in market?
+1 Reply
@ms555, Yes, it shall fall tomorrow.
Reply
hi neetesh, LT has formed a hammer today. You think its a good time to go long? Or is there a further fall to support level that you have indicated? Thx.
Reply
Hi Niteesh.. ur contact details pls
Reply
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