dravya
Short

L&T - Fakeout ?

NSE:LT   LARSEN & TOUBRO
NSE:LT is in a downtrend as you can see.

It has given a breakout out of the lines which might just fail.

Short positions can be entered with the pink line as stoploss and blue line below as target.

Cheers !!

Comments

Is it still Short Candidate?
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dravya shunmugapriyapandian
@shunmugapriyapandian, haven't looked at it. will analyse again soon.
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Please note that Result Tomorrow :)
Reply
dravya shunmugapriyapandian
@shunmugapriyapandian, From this chart you can see, go short below the line with sl above the line. as simple as that. result is on Saturday, so Monday, we will see gap up or gap down. If it goes up , then go long above the pink line. You can also go for a long strangle or straddle :)
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