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SaswataChandra
Jul 10, 2020 6:56 AM

LT - Symmetrical Triangle Long

LARSEN & TOUBRONSE

Description

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
ksen007
true... It may retest 995
SaswataChandra
@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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