1. LT has formed Cup and Handle Pattern in weekly timeframe.
2. I am expecting a breakout.
3. SL, Entry and Target to be posted afterwards.
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If you see reversal candle look for short opportunities if it breaks out look for long but wait for 4H candle to confirm for more accuracy.
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Going through a long ter upward consolidation stage. In this band a small term consolidation band has also formed. Upward movement is confirmed for long run . Can reach 2500 levels within 3 months time.
LT on the daily formed a possible bear trap by closing below the trend line & then showing a v shaped recovery from there. On the hourly it has closed above the downward sloping trend line resistance but it was not a convincing break. There are 2 major supply zones sitting on top of it, the first one is a very small zone which has a less probability of holding...
Weekly & daily chart of Larsen & Toubro is giving me confidence that this counter can do well if market supports. Any pullback towards 1860/1850 zone will be great place to enter with stop loss of 1811 on closing basis. Weekly & Daily RSI, ADX all are in bullish territory and can take this giant upward towards 1990/ 2078 zones. Last time when it happened(hint...
LT stock has given a break out and has crossed 61.8% fibonnaci level on the daily time frame.
The stock was trading around its 20 DMA and consolidated for 10-12 days in a narrow range.
In the last trading session, the stock has given a 2% up move with nice volumes.
The stock has formed a nice price action pattern.
3 points confirmation.
1. Break out of the...
On daily time frame, the stock is trading just near the resistance level of 1765-75.
The stock has closed just below the resistance level and 20 ema.
Once the level of resistance and 20 ema breaks, the stock can give a good up move.
Wait and watch for the chart pattern to form near the levels.
Support and resistance levels are there in the chart itself.
📈 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...
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns.
📌 That Dash Line Is Called PRZ, From...
Larsen & Toubro Ltd - 05.12.2021
The stock is trading @ 1801 levels
RSI Bearish Divergence in weekly chart
Prices are below ema
spinning top in weekly chart
the stock is trading under a Channel Range
one can initiate a sell position below 1785 with support @ 1845
watch out for the price action
Enter if it closes above 1830
Target: will update according to trend
Multi year break out so add it on a staggered manner once it breaks 1830, based on the confirmation on the charts.
Note: Trade at your own risk.
Note: This is for educational purpose only. Please do not trade in F&O based on this analysis.
There seems to be a hammer at the uptrend channel support. Moreover, relative strength is greater than Nifty index. RSI above 50 indicates bullish momentum as well.
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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The stock continue trending up well within a channel after the rounding pattern breakout many weeks back.
Momentum and trend indicators are in bullish zones on all timeframes.Volumes are decent above 20 moving average.
Have tight stops for short swing trades as there could be weekly bearish divergence that could pull it down.
However the pattern could eventually...
EXPLANATION : This is a 4 hour time frame chart of LARSEN & TOUBRO , It has formed Rising wedge pattern breakout also formed head and shoulder pattern . Ideal entry is breakout and retest of Rising wedge pattern & Right shoulder of head and shoulder pattern . Enter as per your setup .
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