raj_rishav

LT - Price Action Continues

Long
NSE:LT   LARSEN & TOUBRO
The stock is trading handsomely in the price action value area with a value price of 945.
We saw a bullish breakout move towards 970 yesterday only to dramatically reverse.

Intraday ideas for Friday:
Buy above 950 for 955, 960, 970, 980 with SL at 940
Short below 938 for 930 with SL at 945

I would prefer taking long trades only myself due to another linked idea talking about support trendline ( highway projects ban). The stock again took support on the trendline today !

A break below may be a huge breakout to 910 levels too but it’s seen strong support so far.

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