All-time high breakout. The description is given in the chart.
Larsen & Toubro - Major BO confirmation on weekly closing basis. - Inverse Head and shoulders pattern. - Looks good for major uptrend. Only for educational purpose not a recommendation.
LT given second chance at the same level of Breakout
Bollinger Band daily, weekly, monthly showing positive, with good volume RSI showing good strength Flag formation B/o possibility as volume is rising so how much indication you need take a ride of LTI Buy above 4705 SL 4630 first platform 4750 second 4800 ,and many more trail sl as per your emotion Thanks mcpriceaction
L&T after consolidating for nearly two years has given inverse head and shoulders pattern and breakout can lead to target of 2200 within a year and also the IT subsidiaries are outperforming the market. SL: 1400 wcb!
Note: This is for educational purpose only. Please do not trade in F&O based on this analysis. There seems to be an Inverse Head & Shoulders pattern bullish breakout. RSI above 70 indicates bullish momentum as well. SL: ₹ 1500
Please check my idea posted previously on 23-06-21. The trade has turned out beautifully and all targets have been reached and LT has closed at an all time high of 1618. LT has been in a nice uptrend, continuously making higher highs and higher lows. After the recent pullback to the 20 EMA , a nice continuation candle has formed. A long can be initiated keeping...
LT 1770 touch long time after 1550 speed is fast for target wait and watch
Charts suggest that Retesting 1500 and taking off to higher highs. Watch for Price action at 1500. If breakdown happens then 1450-60 could be a possiblity.
All details given in CHART.
See the chart i draw carefully ,Do like ideas , do follow me for more ideas on other shares like Asian paints ,United spirits, HUL,ITC , etc.. this is just An idea .
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...
Key Highlights: 1. Bullish market structure - HH, HL 2. Volume expansion 3. Forming Inverse Head & Shoulders 4. Approaching major resistance zone 1537-1603 5. Close above 1600 will trigger a rally to 1800+ 7. Target: 1846, 2163, 2517. Stop Loss: 2185 8. Time frame: 12-15 months You are always advised to use an appropriate Risk-Reward ratio as per your...
Highlights: 1. Break of trendline 2. Change in Market structure 3. Volume is expanding relative to the previous sessions P.S: This is NOT investment advice. This chart is meant for learning purposes only and is a part of my personal journal. Invest your capital at your own risk.
Larsen & Toubro Infotech LTP: 3665.45 Support: 3593.30 Resistance: 3780.00 Most important level with highest Open Interest 3500pe - 25950 (major support) 4000ce - 50850 (major resistance) The price is very close to an important level, 3593.30. The candles have taken support at the mentioned levels multiple times since December 2020. RSI is in the oversold range...