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.
Reply
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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