current resistance levels at 1390. Massive upside if it crosses this level. MACD looks to converge soon, indicating a good bull run if it breaks 1390 level
Price formation suggests a short as recommended by Victor Sperandeo in his 2B Pattern. Price closed above the previous high yesterday with good volume but got rejected immediately and closed below to low of yesterday. One can short the stock with reasonable stop loss. Risking the small amount gives an opportunity for a decent Risk to Reward ratio trade. RSI...
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...
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.
Keep liking.
Regards.
Hi All,
No naked buy /sell of put/call.
Strategy :
Buy 1300 call march expiry 1 lot@ 18.5
Buy 1300 put march expiry 1lot@10.5
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
Folks ,
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 first
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