TradeTheTip

L_TFH | Breakout & retracement id Done | 30% 🎯

Long
NSE:L_TFH   L&T FINANCE HOLDIN
β­•Positional Trading opportunity ! Weekly Chart Alert !!!β­•

--Buy above =83.65 or CMP
--Target = 109.70
--Stop-loss =70.30
--Lot Size = 6800
--R:R = 1.95
--Expected Profit = 1,76,800 β‚Ή per lot ( 31% )
--Expected Holding = 2-3 months only
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β­•Technical Reasons to trade or Strategy applied :- β­•

1) trendline & Range break & resistance break with volume
2) Target is based on next resistance zone
3) breakout & retracement is already done ...perfect time to buy

Guys check out the related ideas as well, it will work really well GUARANTEED !
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✍COMMENT Below your view !
Comment: our Target missed by just one rupees πŸ˜’......but still holding it cause it'll bounce back from the support mentioned on the chart
Comment: Reduce the SL to cost or some points lower
Trade closed: target reached: bought @ 83.65
booked @ 109.70
pints earned =26
PROFIT booked = 31%

Comments

Thank you all for the detailed analysis
your "Technical Reasons" are giving a better guidance for us.
+1 Reply
TradeTheTip Jblender
@Jblender, I'm happy that my ideas are useful for other traders .... your kind words motivates me to do more & more analysis for the community , thank you for commenting
Reply
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