L&T Channel Breakout

NSE:LT120

LARSEN & TOUBRONSE

Description

⋅ Feb 4, 2018 5:05 AM

L&T has been moving in a sharp up channel all month. Back on the edge, awaiting a breakdown/reversal.

Parallel Channel larsentoubro

Comments

Tech_Milind

⋅ Feb 4, 2018 7:31 AM

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?

Einstein15

⋅ Feb 4, 2018 8:51 AM

@milind1126, POLYLINES, in the BRUSH section.

Jitesh_Motwani

⋅ Feb 5, 2018 3:42 AM

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.

udayreddy3

⋅ Feb 4, 2018 6:15 AM

I think it will break down.

Einstein15

⋅ Feb 4, 2018 8:51 AM

@udayreddy3, Lets see :)

udayreddy3

⋅ Feb 4, 2018 8:55 AM

@Einstein15, 2days back i did this

udayreddy3

⋅ Feb 4, 2018 8:56 AM

@udayreddy3, on week frame

Einstein15

⋅ Feb 4, 2018 8:58 AM

@udayreddy3, Oh coool! Thanks for sharing

udayreddy3

⋅ Feb 5, 2018 11:50 AM

@Einstein15, break out done.

Einstein15

⋅ Feb 5, 2018 3:59 PM

@udayreddy3, yep!