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...
Stock is showing a recovery from the oversold region and is likely to retrace about 50%-61.8% retracement of the prior fall. Trading Strategy: Buy with SL of 1525 and look for the target of 1680/1700-25.
LT is taking support from trendline and forming a triangle pattern, go long for intraday after it breaks the upper line of the triangle. Place logical SL and targets to recent high . (Around 1970/1968)
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...
Larsen & Toubro Ltd gainprofit066 High : 18/01/2022 : 2,078.55 Low : 25/03/2020 : 661.00 75% : 1724.16 50% : 1369.77 25% : 1015.38
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. SL: 1700
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 . If you like the analysis give a Like //...
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 . If you like this analysis give a Like // Follow for more updates , let me know...
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...
LT given second chance at the same level of Breakout
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
Buy @ C.M.P (CURRENT MARKET PRICE) Sell Target 1 :- 1500
Larsen & Toubro Infotech LTP: 3665.45 Support: 3593.30 Resistance: 3780.00 Most important level with highest Open Interest 3500pe - 25950 (major support) 4000ce - 50850 (major resistance) The price is very close to an important level, 3593.30. The candles have taken support at the mentioned levels multiple times since December 2020. RSI is in the oversold range...
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.
Observed that since 12th of June LT was getting very strong resistance around 900 levels as clearly seen in the chart with Red Line. During past few sessions LT tries multiple times to break it and it does moves till 890-900 zone, but strong buy is seen and it bounces back from there. Keeping this in mind and the present levels LT looks good for Long trade setup...
Key Levels for LT : UPPER BREAKOUT~870.55 FIRST TARGET~880.10 INTERIM RESISTANCE~889.65 FINAL RESISTANCE~900.40 **************************** LOWER BREAKOUT~852.65 FIRST TARGET~844.30 INTERIM SUPPORT~834.75 FINAL SUPPORT~825.20 My views are for educational purposes only. Please trade with caution and consult your financial adviser before trading.