I hope you can now see how LT represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the...
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.
Price tried to break the Supply Zone at 995 for about 4 times.
At this point(4th) time, stock is making higher lows with good volume , which clearly indicates a possibility of breakout above 1000 level.
Also (20, 50)MA crossover confirmation
*IMPORTANT LEVELS to WATCH*
LONG Above 1023
SL @ 921
Target1 @ 1198 | Target2 @ 1279
Demand Zone @ 875 | Historical...
Yes,it's true.
See this latest bullish fundamental report:
The National High Speed Rail Corporation Limited (NHSRCL)
on October 19 said Larsen & Toubro has emerged as the lowest bidder for the
largest segment of the Mumbai-Ahmedabad bullet train project.
And now I seen something surprisingly in the technical chart.
that is......
Cup and handle formation and...
Larsen & Toubro is a fundamentally very strong company. One of the best company in the technology sector. Valuations are also reasonable. Haven't participated in a rally yet. Likely to rally in the coming weeks.Short term target of 1000 & Long term Target of 1200.
LT IS CURRENTLY TRADING IN ITS VERY CRUCIAL SUPPORT AREA.
MOST OF THE PEOPLE BELIVES IT WILL REVERT FROM THIS SUPPORT AND THERFORE ONE SHOULD GO LONG.
BUT AS PER MY VIEW IF STOCK IS HOVERING AT A PARTICULAR PRICE IN THIS PARTICULAR CASE AROUND 895-905 THEN IT'S SURE THAT SOMETHING IS COOKING AND WE SHOULD BE CAUTIOUS. (MIGHT BE PEOPLE WERE RIGHT ABOVE GOING...
L&T has broken its trendline with volume. Always keep such stocks in your watchlist. In many cases such volume buzzer stocks doesnt give much movement next day. A small hurdle at 970-975. Looking at the consolidation and if all goes well LT may soon touch 1000 and above.
TREND ANALYSIS & TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
June Series Option can be tried.
Wait for entry setup, if available then Long/short.
Reward is 8-10 Times
if it breaks the current downtrend pattern its going to make next higher level which is 1080 around
wait for a breakout and pull back or wait till it reaches lower low 3
entry around 900
target around 1063
time peroid less than a month
L&T has broken out from a flipped Cup & Handle pattern.
Target ( Short term) : 950
Target 1 ( Positional ) : 960
Target 2 ( Positional) : 980
Stop Loss : 914
In 1 hour chart we can clearly see breakout in Larsen & Toubro. We can confirm our breakout in Aroon Indicator, MACD has also generated a positive crossover. Take long positions guys we will definitely achieve our target.
Note: This is for educational purpose only
There is a bullish engulfing at 61.8% retracement of Fibonacci series. Usually 61.8% retracement acts as a good level from where price usually bounces back based on price action which here is bullish engulfing.
Key Levels for LARSEN AND TOUBRO :
UPPER BREAKOUT~881.45
FIRST TARGET~896.85
INTERIM RESISTANCE~909.10
FINAL RESISTANCE~922.95
****************************
LOWER BREAKOUT~861.50
FIRST TARGET~850.75
INTERIM SUPPORT~840
FINAL SUPPORT~829.45
My views are for educational purposes only.
Please trade with caution and consult your financial adviser before trading.
With some FUNDAMENTAL weakness (like decline in net profit, profit margin & net cash flow), L&T stock is in BEARISH mode .
Hence call for SHORT, all details regarding entry price, SL, targets etc are mentioned on chart.
Weekly time frame gives an indication on Possible Support line in coming days/ weeks if it falls.
=========== WEEKLY CHART (for possible...
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