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Larsenntoubro

Larsen & Toubro : Turbo Mode On !LT one of my favorite scrips, whether its intraday or positional this scrip performs really well (just my opinion,can be different exp for you ). Those who follow me for a while ( 6 months or so ) might be knowing about the Investment analysis we did on LT. We got it somewhere around 1100's I guess, now LT @ 1500's. Great Returns. Flashback over, back to reality... Now we have bullish flag in LT, if we get proper breakout enter long positions with proper stops n target. If flag fails don't enter downside, for few other bullish flags we entered on downside breakout, but not this one, there is a reason behind it. Can someone predict what's the reason behind ? Come up with your reasons..most welcome...
NSE:LTLong
by InsiderB
4
Larsen& Toubro [L&T] : BullishFlag in Bearish trendSimple patterns are the ones which I like to trade the most, bcos they give you clear idea of what to instead of complex things. Here we have bullish flag in LT, so I expect the usual upside breakout but will take downside trade also if breakout happens otherside. We are in bearish trend also, R3 will attend his last policy meeting today, only banks will be volatile but sometimes effect will be felt allover the market. Hit "Thumbs Up" which keeps me motivated to post more ideas...Thanks for your support.. Happy Trading !
NSE:LT
by InsiderB