NeeteshJain
Long

LT - Constructing New Solid Breakout

BSE:LT   LARSEN & TOUBRO LTD
It has been observed that the price action breaking above previous resistance zone of 1250 levels indicating strong buyers coming back and taking price action further up and above the resistance zone .

T1- 1275
T2-1300
SL-1225
Trade active
Comment: Breakout confirmed, now reaching T1
Trade closed: target reached: Target 1 reached successfully. Thanks
Trade active: After short correction, LT again registering new highs for the day. Staying bullish and shall further reach to T2.
Comment: After a brief correction, the stock has again started to move upside take previous consolidation area as strong support. Now, it is expected to move further up to 1270 levels again.



Thanks
Solid brake out or brake down , ha ha





Reply
@kimara, It did a small correction to previous consolidation after indicating a further strong breakout. It is a healthy way to move further up as the correction is short, indicating strong buyers strength.


Thanks
Reply
LOSSING UP PATIENCE.....:(
Reply
NeeteshJain AnshulSanghavi
@AnshulSanghavi, Just keep holding with patience, it is in a strong uptrend. Currently consolidating. Thanks
Reply
I followed this trade of yours. Good one sir achieved your target 1 on second day of your entry.
+1 Reply
NeeteshJain balaji_damo
@balaji_damo, I'm glad you entered early, now it may dip a bit but has a great potential to further rally up to T2. Thanks
Reply
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