📈 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...
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
stock short term trend is down but the long term trend is up. don't create any new entry just wait and watch
Buy @ CMP CURRENT MARKET PRICE First Sell Target @ 1162 Final Sell Target @ 1282
Note: This is for educational purpose only. Post a range bound movement, there seems to be a bullish breakout with high volume. Moreover, RSI is at 70 which is on overbought zone. Hence, expecting some sideways movement post next upmove.