TradersVenue

DarkCloudCover

Short
NSE:LT   LARSEN & TOUBRO
#LT after a fabulous rally showing early signs of weakness. It has formed a DarkCloudCover pattern on daily scale. On a bullish market it noticed selling pressure and closed near the day low. If it trades and sustains below 1500 then high chances that stock will test 1447/1387 levels soon. #Caution
Comment: Disclaimer: All these stock ideas or trade updates shared here are for educational purpose only and completely non-advisory in nature. I am not a SEBI registered analyst and strongly recommend people not to trade in NSE / BSE / MCX market basis this ideas. Objective of posts is to educate and help members learn technical analysis and hedging techniques from my personal trade picks to reduce the risk per trade and save yourself from bigger losses.

All these trade picks are selected using technical analysis and price action (VSA MomentumInvest Trading Setup) and for my own trading purpose only. Technical indicators are lagging and may generate false buy/sell signals. Market is supreme and my views may go horribly wrong. Please don't consider these trade ideas as trading recommendations. You may consider it for learning or at max use it for paper trading. Strictly avoid it for trading using real money. I am not responsible for any kind of profit and losses arising out of the above calls. Stock market trading and investment is subject to market risks. Contact your financial advisor before taking trades (or trade at your own risk).
Comment: LT hits first target in next trading session. First target hit.

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