johntradingwick

L&T Finance Holdings - Positional view | Potential 100% gain

Long
NSE:L_TFH   L&T FINANCE HOLDIN
Key Highlights:

1. Bullish market structure - HH, HL
2. Volume expansion
3. Forming descending broadening wedge
4. Approaching major resistance zone 99-108
5. Close above 108 will trigger a rally to 150+
7. Target: 123, 146, 174, 198. Stop Loss: 82
8. Time frame: 9-12 months

I have made an illustration on the left-hand side, to explain the descending broadening wedge pattern.

You are always advised to use an appropriate Risk-Reward ratio as per your strategy.

P.S: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.

Rajat Kumar Singh,
B.Tech (Delhi Technological University)
Community Manager (IN), TradingView

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