Amit_Ghosh
Short

LT Hydrapoint Sweat Trade

BSE:LT   LARSEN & TOUBRO LTD.
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6
262 5
It's all about resistance and support points.
I see it may fall further if one candle closes below that big green candle at 5th Apr 13:45. Next support is at recent swing low i.e at 1648 (candle on 5th Apr 915)
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I assume 1680 would be stop loss point for short.
My view :
No point in short , Bears don't show any strength.
I see it as good point to go long , First it need to show good full body green candle , above which long can me made with the green candle as stop loss.
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@neneram, Yes. It is a resistance. No trading opportunity yet. It can go short too. But 1680 (fut price) is the point!
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neneram Amit_Ghosh
@Amit_Ghosh,
Did you trade ?
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@neneram, No. This is analysis or earlier trade entered yesterday in hydrapoint.
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