YashJain2804
Short

shorting opportunity.

NSE:LT   LARSEN & TOUBRO
there is rsi bearish divergence on daily chart alongwith double top formation. also on last trading session there is formation of bearish engulfing candle pattern. the momentum is already slowed down. so i believe it is good shorting opportunity with target of 1380-1350-1300. sl being high the red candle formed on 21st dec that is 1460.
Comment: stop loss can be the high of the red candle formed on 21st dec, that is, 1460.
Very nice analysis. I like your view. Keep updating us.
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What a call ! Good analysis
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Good Analysis I was having the same idea even posted here. :)
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Stop-loss 1420?
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@vdchopra, sorry it's 1460
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@vdchopra, 1460 seems sensible to me. 1420 is too small o believe.
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