rahul.u.bhagwat

L&T : Breakout..

Long
NSE:LT   LARSEN & TOUBRO
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.

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out