SaswataChandra

LT - Symmetrical Triangle

Long
NSE:LT   LARSEN & TOUBRO
LT trying to create a symmetrical triangle pattern . Convergence is visible. With NIFTY going up it will give a breakout.
Trade active: Trading at 990. let's see how it reacts to 995 level.
Comment: Closed above 995. It will move upward for sure but move will be sluggish for weak market. Long term people can hold. Short term investors trail SL to 995.

Comments

true... It may retest 995
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@ksen007, Closed at 990.7 today. 995 is a major resistance. Book full if it fails to convincingly breach the 995 levels or hold as a long term play.
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