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seekedgetrade
Oct 19, 2021 3:07 PM

#larsen&toubro trending up from rounding breakout Long

LARSEN & TOUBRONSE

Description

The stock continue trending up well within a channel after the rounding pattern breakout many weeks back.
Momentum and trend indicators are in bullish zones on all timeframes.Volumes are decent above 20 moving average.
Have tight stops for short swing trades as there could be weekly bearish divergence that could pull it down.
However the pattern could eventually retrace to form a cup and handle also for positional trades where breakout neckline could be stop loss

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