larsentoubro

in.tradingview.com

LARSEN COULD REACH OUT 1420-1400

Near Term View

LT-BUY

This time the stock is so weak that its trading above 10 days Moving Average that is 115. For Upside the first target will be 125.45, If it sustain on it then next investor target will be 140, In case Downside continues then 105 would be an entry level. Exit at 115 .

Larsen and Toubro has been consolidating sideways for about a year and half forming a rectangle pattern. This pattern is finally broken last week. It snow time to enjoy this LONG ride! Happy learning!

LT Channel Weekly. touching lifetime Highs

Sell L&T at 1359 Stoploss 1384 Target 1342 1284

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

Sell L&T at 1377 Stoploss 1386 Target 1345 1316

Buy LT on a dip with SL of 1264 and targetes of 1294/1305

Below 1415, LT may slip to 1360-1390 zones and if 1360 is broken, we may see much lower prices

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...

SHORT LT

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