L&T Finance Holding - Fib-Retracement
L&T Finance is a NBFC, having lowest PE in peer group. EPS is on a rise, with June'23 Quarter showing higher every profit. With festival season coming up, the disbursement of funds are expected to be rise and so the top-line and profits.
Fib-retracement is an important concept which provides that generally a stock retraces from 0.5 - 0.618 levels, the most important levels. Here we can see the stock has reversed from this level and is expected to be back to to its levels.
Fib-retracement is an important concept which provides that generally a stock retraces from 0.5 - 0.618 levels, the most important levels. Here we can see the stock has reversed from this level and is expected to be back to to its levels.
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Stock is moving up. A close above 130 will confirm Higher High and Higher Low setup, showing change in trend.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.