📈 Larsen & Toubro ( L&T ) 📉
This broke out from a Resistance Zone of downtrending Trendline and closed above resistance which was support earlier of 1760-1775 .
On Buy Side I am looking for Targets of 1880, 2000 and 2080.
StopLoss should be kept below 1700-1720zone.
It offers 1:3 Risk To Reward.
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
This broke out from a Resistance Zone of downtrending Trendline and closed above resistance which was support earlier of 1760-1775 .
On Buy Side I am looking for Targets of 1880, 2000 and 2080.
StopLoss should be kept below 1700-1720zone.
It offers 1:3 Risk To Reward.
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
Comment:
Went down to touch the Stop Loss but din't break it.
