walter0202
Short

Head and Shoulders on LT

NSE:LT   LARSEN & TOUBRO
First ever published idea, Need to wait for a candle close below the Trend line for a minimum H&S price objective of 1226.
Trade active: Trade is active, since we have a close below the upward sloping Trend line.

Tgt: 1225 / SL: 1454.

The most difficult part: Patience for the target to be reached.
Great Find.
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walter0202 QuestionMode
Thanks !! Will need a bit of patience though.
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Likely -Yes Its a possible H&S Pattern - Vertical Distance from Head to Neckline could be the target below break of neckline. One could reduce the risk by taking 50% - to 61.8% of the vertical distance as target to reduce the risk.
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walter0202 AbhishekHSinghCMT
Thank you.
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