L_TFH is on a verge of making a big move in either direction.
The range of 132.5 and 127.50 is going to be crucial.
In short take position in the direction of breakout/breakdown!
Buy L_TFH above 132.50 with SL of 127
Short L_TFH below 127.50 with SL of 132.50
Key Levels for LARSEN AND TOUBRO Search >>> OPTIONSCALLFREE on Telegram for more updates
Please trade with caution and consult your financial adviser before trading.
A decent move was noticed in Larsen & Turbo this week. The prices closed above a previous swing, RSI has moved into neutral zone from a bearish area while MACD has moved above zero level. These point towards strength in the counter, with expectation on infrastructure expenditure allocation in budget a up move may be triggered in the stock. The stock may meet...
Please refer to details on chart.
Avoid taking naked long positions, trade using strategies is safe in volatile and expensive markets.
Non cash traders should plan to exit around 1370.
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IT IS RANGE BOUND IN RECTANGLE IF RECTANGLE BREACHED DOWN SIDE TARGET GIVEN IF BROKEN UPSIDE TARGET GIVEN TILL THEN IT MAY KEEP MOVING IN RECTANGLE SO NOW IT HAS TOUCHED LOWER LINE NOW MUST MOVE TOWARDS UPPER LINE OF RECTANGLE
NOTE" TRADE AT YOUR OWN RISK
IT IS BOUNCING BACK FROM A LONG TERM TRENDLINE SUPPORT MAKING GOOD BULLISH REJECTION CANDLE MARKED WITH GREEN ARROW THIS TRENDLINE MUST NOT BE BROKEN ON CLOSING BASIS IF IT DOES A LITTLE TARGET FOR SHORT IS GIVEN WHILE TARGET FOR LONG IS ALSO GIVEN
NOTE: TRADE AT YOUR OWN RISK
Key Levels for LTare : t.me - JOIN TELEGRAM CHANNEL
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