L&T : Breakout..
LT showed good strength in the last session of the past week.
The Daily Charts shows a Breakout with good Volume.
The Weekly chart has been in consolidation since April & looks Ripe for a Breakout.
Probably the Medium Term Cycle & Short Term Cycle are aligned this time.
If we get a cummulative effect of addition of these Cycle magnitudes, the stock can check levels of 1316 very soon.
Go long with a stop below yesterday's low of 1134 & look for Primary Targets of 1212 & Secondary Targets of 1316.
The Daily Charts shows a Breakout with good Volume.
The Weekly chart has been in consolidation since April & looks Ripe for a Breakout.
Probably the Medium Term Cycle & Short Term Cycle are aligned this time.
If we get a cummulative effect of addition of these Cycle magnitudes, the stock can check levels of 1316 very soon.
Go long with a stop below yesterday's low of 1134 & look for Primary Targets of 1212 & Secondary Targets of 1316.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.