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LT add around 1180 to 1220 and hold it target : 1400 1500 1550
If Break 1400 level then LT ready to drive 1440 1500 1550
time hold next 2 to 3 month
LT weekly chart to short
should see a bounce here
L&T technology services can move up today. Keep buying on dips, and hold for few days
As on 16th September 2018, as per fibonacci and trend lines, resistance is 1388.95 and support is 1322.95 in daily time frame. Although the trend is not very clear but if it crosses 1385.50 then it will be in uptrend and if it touches and crosses 1329.70 then it will go in downtrend so trade accordingly. I will update LT in the coming days with the share movement ...
Details on chart.
Bearish BAT pattern form in Larsen & Turbo in Daily chart
Target 1308 , 1327 SL 1208
The uptrend line has been touched and held. Price is near a Bullish Bat completion. One can go for modified traditional bat targets. Coz its a reversal trade, it would work only if market pulls back.
For rest, the chart is self explanatory.
No naked buy /sell of put/call.
Buy 1300 call march expiry 1 lot@ 18.5
Buy 1300 put march expiry firstname.lastname@example.org
Dont overleverage and buy 5 lots bcas put is available at 11 rs .
Expecting LT to go to target as shown in next 3 days.
Options are risky , consult your financial adviser before taking trade.
LT is trading above a 6 month old support zone . One can go long with a Stop loss just below recent low.. If it breaks below support zone it can be shorted
Execute following strategy quickly :
Buy 1 lot 1380 call @ 31
Buy 1 lot 1380 put @ 35.5
What say guys larsen wont move up or down by 67 rs in next 10 days ?
you got it , one of option writer is not correct.
Let's see , Don't overleverage and by 10 lots , Just play in 1 lot .
So we will square off if price goes to 1310 or 1450 whichever comes ...
L&T has been moving in a sharp up channel all month. Back on the edge, awaiting a breakdown/reversal.
Larsen and Toubro
Target 1600 plus
1)Series of HHs and HLs with above average volumes.
2) Broken out of 2.5 year resistance.
LT is moving in a flag after a long leg up.
May bounce more in the levels, considering the size of the leg up.
Short L&T below 1105 as it is showing signs of exhaustion.
L&T ABCD pattern
one may go long
Feel free to comment
In Past 3 years from 2014, LT has tested this 1800's zone 4 times & went down everytime. Now it is back again testing the same zone, though we have wiggling room of 150 points in the upside, the resistance zone seems pretty strong. History repeats but for 5th time it will retrace after hitting the resistance zone or not ? Only LT can answer, but we have reasons to ...