Counter is on verge to complete its impulse phase of elliot wave,, on weekly time frame,,
as per time cycle combination,, time of wave1 and wave 5 are equivalent and price wise also some calculative match are seen
bearish divergence on rsi and macd,, on weekly time frame,, suggest the trend is on verge to mature,,
good fall of 10-15% can be seen in counter
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.
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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Disclaimer :- 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...
Larsen and toubro has been one of the favourites of the traders because of the good returns constantly, and this time also similar is expected from this company, it is taking support of the trendline and RSI is supporting the. growth too
L&T formed a flag and Pole Pattern on an hourly chart. The analysis is backed by the increase in the volume of bulls at the time of the formation of the pole and the decrease in the volume of bears in the Flag formation justifying the two most important criteria for Flag and Pole patterns to give a breakout.
Still, it is the stock market so be prepared with arms...
Weekly Investment Idea | Large Cap Stock | Larsen & Toubro Ltd #LT
1) Good weekly close.
2) Inverted Head & Shoulder Breakout.
3) No near term resistance. ATH.
Free Tip #Calculation of Target in INHS type of breakouts:
Target = R1 + (R1-S1) = 1600 + (1600-765) = 2435.
Note: Above values are approx. values. Please refer chart.
L&T price going down in a Parallel Channel. Today it has given a breakout of this channel and taken resistance above it. Right now it has come down and retested the resistance line of the Parallel Channel giving an up move with a spike in volume.
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...
This is follow-up on Larsen & Toubro. Can check link to related ideas.
Target 1 achieved. More than 19%. Target 2 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please...