Larsen
LARSEN & TOUBRO BULLISH VIEWLT looks like a bullish
which forms a cup handle pattern
the previous high was broken and a retest was also done
a small flag pattern also form
Entry@CMP
Stop loss@3670
1st target@4040
2nd target@4400
Disclaimer:
I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Happy trading.
so please keep LT in your watchlist for long term investment.
If you like my view, do support it with a boost whitch is valuable inspiration for me to post ideas like this in future. thank you friends!
09 Jan ’24 — BankNifty made the BEARS🐻 proud today ! BankNifty Analysis - Stance Bearish ⬇️
BankNifty was more sensible today. Firstly the gap-up was not so huge to scare away the bears - so they hung around. Secondly, there was no breakaway momentum, by 11.07 things were getting pretty clear that the upmove ran out of steam.
4mts chart link
And when the selling came, it was ferocious. Bears also had to make sure the support level of 47539 had to be taken out with style. The RED candles near that price zone are ample proof of that. The fall was over 782pts ~ 1.63% which took BN into RED. Nifty on the other hand stayed in green thanks to NiftyIT, LT, and ADANI group.
63mts chart link
Since we have the BN expiry tomorrow, it may be a treat to watch how the strike price premiums could surge. India VIX was not favoring the bears today, if we have a strong price action in the forenoon the IV is bound to add to the momentum. Our stance of bearishness continues with the first target of 46931 followed by 46574.
LT A Triangle Pattern under formationA Symmetrical Triangle Pattern seen under formation on charts of LT. Symmetrical Triangle Pattern is a continuation pattern and formed in either an up trend or down trend. During the up or down trend a symmetrical triangle forms as a part of consolidation with higher lows and lower high pattern. One should wait for completion of the Pattern at the narrow end, and the successful breakout in the direction of trend will confirm next leg rally. Keep watch
LTI - Elliot wave structure of LARSEN & TOUBRO INFOTECHLTI is showing wave structure like, either larger wave A-B-C is done and now deeper retracement is possible as a wave X, or after wave 1-2-3 is done and now possibly in wave 4, where wave A-B is done and now wave C is unfolding.
This stock can see good pullback towards north direction nearly above 4600 where wave C would be equal to wave A, on the way down 4000 and 3897 would be a crucial support levels to watch out for.
All other trend indicators are also allowing to go long with mentioned levels on chart, RK's mass psychological cloud has confirmed buy signal on hourly chart along with support of RK's stop line which is good enough to rely on as always.
Overall wave structure on daily chart
price entered in RK's mass psychological cloud, along with RK's stop line support
EMA's positive golden cross done on hourly chart
Price closed above previous closing based highs on hourly chart
macd positive crossover on hourly chart
macd already in positive crossover and now uptick on daily chart
RSI uptick and now its above 60 levels on hourly chart
RK's Momentum is also positive crossed on hourly chart
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
LT Larsen & toubroLT shown selling pressure today and has been closed below 20DMA, RK's mass psychological cloud and RK's stop line both are indicating bearish scenario ahead, this stock is showing clear wave counts on daily chart, where after completing 1-2-3-4-5 impulse now its in corrective phase as wave W-X-Y, also chart is showing that W and X has completed now wave Y is unfolding as subdivided waves A-B-C. after completing wave A-B possibly we are in wave C, All this indicates wave C of Y is started, which should be unfold in five waves decline, and if C is going to be equal as A then it can show near 1354. Also all other parameters are supporting same, which are mentioned below with snap shots. All the key levels are mentioned on chart.
Overall wave structure and bias scenario
Price closed below 20DMA
Weekly macd is running negative
Daily macd is also down tick below zero line
Breakdown along with good intensity of volume on hourly chart
RSI on daily down tick near 40 area.
RK's psychological cloud along with stop line and also RK's signal all are suggesting bearish scenario.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Larsen & Toubro ( L&T ) Analysis !! 📈 Larsen & Toubro ( L&T ) 📉
This broke out from a Resistance Zone of downtrending Trendline and closed above resistance which was support earlier of 1760-1775 .
On Buy Side I am looking for Targets of 1880, 2000 and 2080.
StopLoss should be kept below 1700-1720zone.
It offers 1:3 Risk To Reward.
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
LT : Ready to Breakout above 1920Larsen & Toubro Ltd. is ready to breakout and move upwards if it retains 1920 on closing basis.
On Daily Chart it is both (Adaptive Relative Strength)ARS & Static Relative Strength(SRS) Positive.
Relative Strength setup as per @premalparekh #RSWarriors
Note: It is not a trade ideal. Just for educational purpose.
Consult your financial advisor before entering into trade.
Head and Shoulder Setup EXPLANATION : This is a 1 hour time frame chart of LARSEN & TOUBRO . It has formed Head and Shoulder pattern , If give a strong breakdown and broke its Demand zone with high volumes and retest the same , I am bearish on LARSEN & TOUBRO . If give a fakeout trade with confirmations . LARSEN & TOUBRO Result on 27 Oct '21 .
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Breakout in LTDisclaimer :- 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 the channel. So, we can expect this bull run will be continued on this counter.
First support level is around 1715. And as per the Fibonacci next upside level is 2057 but this level is so far from here. So, that's why I marked on 1900 and 1975 manually for the first and second target respectively and my third target is 2057.
Thank You :) Happy Trading :) Happy Investing :) Over & Out :)