Possible Cup and Handle Breakout in L&T Finance HoldingStock has given breakout from its cup and handle pattern with good volume in hourly time frame.
Now stock is retesting its previous resistance of 84-82. For further upside movement stock has to close above 85.80
All the possible targets are marked on the chart. Maintain strict stop loss at 78.
This is just a view, not recommendation to trade. Do your own analysis before making any investment.
Do like and share this idea and share your opinion in the comment section.
NSE:L_TFH
Landtfinancehousing
Simple Trade Setup | L&T Finance Holding| 27-04-2022 [INTRADAY]NSE:L_TFH
Trade Setup for 27-04-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.