L&T has given confirmed broke out of Cup and handle pattern on Friday (16-Jul-21)
Although LT has already made small move after the break out,but its still not very late to enter the trade. I spotted this trade only today. It will be great buy if we get this in 1-3% range of CMP (1618 on 16-July-21)
Entry - 1618-20 (Current Value or 1-3% above or...
if it breaks the current downtrend pattern its going to make next higher level which is 1080 around
wait for a breakout and pull back or wait till it reaches lower low 3
entry around 900
target around 1063
time peroid less than a month
TREND ANALYSIS & TRADE SETUP
HEAD AND SHOULDER PATTERN !!
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
Wait for entry setup, if available then Long/short.
Reward is 7-8 Times