Einstein15

L&T Channel Breakout

NSE:LT   LARSEN & TOUBRO
L&T has been moving in a sharp up channel all month. Back on the edge, awaiting a breakdown/reversal.
it will breakdown as the overall market looks in trouble....if the market doesnt head for the correction the chances of its breaking down can be reduced or even diminished.
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Hi, Yes! It will break down. But which is this tool? Applied on chart. Neither its Parallel Channel nor its Fib Channel. Can you share?
+2 Reply
Einstein15 milind1126
@milind1126, POLYLINES, in the BRUSH section.
+1 Reply
I think it will break down.
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Einstein15 udayreddy3
@udayreddy3, Lets see :)
+1 Reply
udayreddy3 Einstein15
@Einstein15, 2days back i did this

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udayreddy3 udayreddy3
@udayreddy3, on week frame
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Einstein15 udayreddy3
@udayreddy3, Oh coool! Thanks for sharing
+1 Reply
udayreddy3 Einstein15
@Einstein15, break out done.
+1 Reply
Einstein15 udayreddy3
@udayreddy3, yep!
+1 Reply
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