L&T came out of LL-LH structure. And formed a HH-HL structure. With break of supply zone (1800-1815) with volumes can take the stock towards higher levels of 1900/1970.
Happy Trading :)
Disc: Chart posted only for learning purpose.
Disclaimer :- This is not any buy or sell recommendation. It is just my view on this counter. Kindly consult with your financial or investment advisor before investing.
On the daily chart of L&T stock has given a fresh breakout on Thursday from upward channel pattern. And it has been retested on it's upper channel band on this Friday and candle has closed above...
Watch-out for stock to break weekly resistance trendline and can long above 101.1 for short term target 122-132 levels and long term target of 145 that is 100% fib level extension and also 3rd impulse wave.
Volume in weekly chart can be seen increasing and accumulation period is over almost. Time to ride the stock.
Value investor and swing traders can long at...
It is rare to get good opportunities in such great fundamental stocks.
On Breaking its 1600 resistance one can long for good gains.
if it doesn't break the resistance now, it will come back up again to break it in next attempt, keep an eye.
consult your advisor before taking any trade.
LT is face resistance in important trend line in 30 min chart time frame so when break level of 955 and sustain then you can trade for Buy Side Also Nifty Infra Chart is near Breakout so most probability to break this level.
Entry Price: 955
Stop loss:945
Target:970
