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anandlive
Apr 29, 2023 4:11 AM

LT - Interesting Pattern 

LARSEN & TOUBRONSE

Description

The stock is forming an interesting pattern since last year.
Runs bullish for quite some time, breaks the support of the bull run then comes to retest the support area.
The sequence is shown on the charts.
If the present rally continues, this time price may go to 2500 around, (according to the past week's behavior).
Only for learning and sharing purposes, not a bit of trading advice in any form.
All the best.

Comment

Reached 2410 today.

Comment

Seems like LT has decided firmly to retest the broken support projection. As it did 2 times before (can be seen on the charts). And Thus the analysis will be completed. Quite interesting. Never hoped so.
Looks to go touch the trendline at around 3500 now.
All the best for your trading journeys.

Trade closed: target reached

Finally touched on the trendline. Reached 3500.
Comments
Krish_Kohal
bro pls simplify ur charts this is way too confusing man
senn25
This is confusing learn more
anandlive
Thanks for your valuable feedback. I will give a focus on this. Thanks bro
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