L_TFH - Long Buildup Candidate
Buy-80-85
Sl-75
Target- 100 110 130+
It is good long candidate for short and mid term traders. The stock has bounced exact from our Half Bat pattern PRZ area.The trendline support is very important as it is holding the stock in the uptrend.
L&T Finance Holding have seen increased volumes in last few weeks.
Gave small breakout of short term, and now seems it's time to give a big breakout.
It has potential as volume is increasing.
R1,R2,R3 and R4 are major resistances if it give breakout the it face resistances here.
As per this I can set target by watching the momentum and managing good RR...
#L&TFH Long (13 Oct)
crossed all moving averages around 88 level on 29 Sep
consolidate after breakout around 92.
Today we can see volumes are good.
Buy at CMP- 93
SL- 88
Target- 99, 106
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Charts and views are only for educational purpose.
Note:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
Double confirmation to enter this stock.
1. Inclined trendline about to breakout.
2. Inverted Head and shoulder pattern.
Take position at your own risk.
There is two pattern. Symmetrical triangle and descending triangle.
Clearly we can see symmetrical triangle breakdown happened now price is ready to test descending triangle support zone.
When Breakdown happened Volume was very much high prom previous days and weeks means stock is week and ready to go more downside.
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...
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...
Price forms a falling wedge and breaks the same as discussed early, the movement was not good for this pattern but now the same chart is showing the triangle pattern and already the break was on. Only thing we need to confirm is whether it will come to retest the breakout level or not?
