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...
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 good...
Risk takers buy:- 1604 T0-1629 T1-1672-1747 T2-1822-1832 Non risk takers buy :- 1672 T0-1816 T1 -1832 Stop loss :- 1550/PAID Holding period 1-2 WEEKS
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.
LT is expected to move 10-15% upward. Gave a proper head and shoulders pattern, also, quarterly results are about to come which would definitely exceed the expectations of the research analysts.
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.
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.
LT given second chance at the same level of Breakout
Price action in LT shows a nice rising trend as Directional movement is showing an uptrend and RSI is also rising (65+). Buy with a stop below Rs 1550 for a target of Rs 1680. Hold it for 28 days.
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...
The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice
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...
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 .