L&T finance has 7 year rounding patten. Now coming near to the breakout zone. It should wait here near the 195 zone and then breakout. May be if breakout gets tested will be a double confirmation. I always picks stocks before it’s breakout happens. Clean target is 340. There will be stopover in-between also. I showing in monthly candles so picture will be more clear.
Keep this in mind. Options is a dangerous instrument to play. Please do not go wild on anything unless you know exactly what you doing. Even though your direction is right still you tend to loose in option buying. And market can always prove me wrong and i take that rights too. Experience traders also fail in this market. Only risk management will give you an edge. Don’t take any trades without SL. Respect the market, Ungli nahi katoge to pura hath katna padega. Beware.
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