Larsenandtubro
L&T showing strong uptrend in coming days?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 bullish Gartley pattern.
1 chart pattern and 1 harmonic pattern.both bullish.
and the stock also breaked it's trend line which was acting as support.(it's coloured orange in the chart)
and the trend line is now acting as support.and the stock reached the support.
now it's the best time to enter at CMP with a TGT of 1050.
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EXPECTING DOWNSIDE BREAKOUT IN LT SOON ? GO SHORT ?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 LONG)
BUT I AM PREDICTING THAT LT WILL SOON BREAK THIS SUPPORT AS SMART MONEY IS MOVING OUT OF THE STOCK ANS ITS LOSING ITS CHARM UNTIL NOW ATLEAST FOR ME :)
KEEPING IN THIS MIND ENTER SHORT IN LT IF MOVES BELOW 895 KEEPING SL AOROUND 920 AND TARGEST OF 20-40-80-160+ POINTS FROM HERE.
LT Perfect Bullish Gartley Harmonic Pattern !!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
LT - Bullish Engulfing at 61.8% Fibonacci RetracementNote: 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.
LT KEY LEVELS SUPPORT AND RESISTANCE 15/05/2020Key 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.
[L&T] Low Risk (1%)...High Reward ( upto 7%)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 support & resistance levels) =========
Note: Since it has it has already retraced to 1st target of H&S (i.e. fall by right shoulder level from neckline) hence there is POSSIBILITY of TREND REVERSAL . Hence in that case, you may chose the LONG option. All details are mentioned on chart.
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Stay safe,stay healthy
LT: Break or Reverse Trend line ?Larsen and Turbo has been in a nice and long uptrend for the last few years.
This stock has now approached this strong multi-year support zone with a lovely little Doji. Love the tension in the market at this point.
Do you think the stock will Reverse at this strong support zone or break it ? We will know it very soon.
Use your analysis skills and pick a direction!