L&TFIN IS WEAKER CHART BREAKING DOWN ITS TRENDLINE SUPPORT
Updated
L&T Finance Ltd. an interesting stock with weak chart structure
1. RSI on daily slipped below 40
2. Price broke below its one year long Trend line support
3. Big Anchor Red Candled formed on the chart with price trading below major moving averages
Lets See How it Evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to take some position with my own Risk Reward matrix.
1. RSI on daily slipped below 40
2. Price broke below its one year long Trend line support
3. Big Anchor Red Candled formed on the chart with price trading below major moving averages
Lets See How it Evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to take some position with my own Risk Reward matrix.
Trade closed: target reached
PERFECT SHORT WITH PRICE NOW TRADING NEAR 137; A GREAT TIME TO BOOK ITS JOURNEY FROM 163 TO 137 ALMOST 19% DOWN
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