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DevabratAcharya
Apr 5, 2023 9:26 AM

L&T : Forging a New Path to The Skies 

LARSEN & TOUBRONSE

Description

Technical Analysis

Chart type: Daily
Chart Pattern : Symmetrical Triangle
RSI: Above 50
Price: Above 20 & 200 SMA
View: Breakout and News
Expected Targets : 2260,2300,2340,2400
Expected Support: 2200,2160,2100

Comment

Published at 2249
1st target was 2260, achieved !

Comment

Second Expected Target -2290, Achieved !

Comment

2300, Achieved !

Comment

2340, Achieved !

Trade closed: target reached

Final target 2400 : Achieved !
Comments
peace_lover
heyy buddy, congrats on having market reach your tp of the nicely drawn pennant structure. was wondering how come by u were so sure about breakout upwards and not breakdown downwards even before the price broken out from the pennant? thanks...
DevabratAcharya
@peace_lover, The day I posted this chart, I heard the good news about the company, so I was sure about the breakout. Other than the news, the technical and fundamental structure of this company is good.
vanathi
Very good support levels in the chart. Previous support is the stop?
DevabratAcharya
@vanathi, Thank you. Yes, previous support is the stop.
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