Larsen & Toubro is a fundamentally very strong company. One of the best company in the technology sector. Valuations are also reasonable. Haven't participated in a rally yet. Likely to rally in the coming weeks.Short term target of 1000 & Long term Target of 1200.
LT IS CURRENTLY TRADING IN ITS VERY CRUCIAL SUPPORT AREA.
MOST OF THE PEOPLE BELIVES IT WILL REVERT FROM THIS SUPPORT AND THERFORE ONE SHOULD GO LONG.
BUT AS PER MY VIEW IF STOCK IS HOVERING AT A PARTICULAR PRICE IN THIS PARTICULAR CASE AROUND 895-905 THEN IT'S SURE THAT SOMETHING IS COOKING AND WE SHOULD BE CAUTIOUS. (MIGHT BE PEOPLE WERE RIGHT ABOVE GOING...
LT is swinging in a particular range marked in Orange.
For Intraday buy above last candle high 906.
1st target - 908 (near upper resistance line)
2nd target - 910
3rd target - around 914/915
Sell below 901
1st target - 898.5
2nd target - 892 (It's a strong support)
3rd target - 885
*This is based on my analysis just for the educational purpose.
The stock has been continuously testing the resistance at 915. Last day too the resistance was respected, but since the stock is highly bullish, there is chance for the breakout to happen. The bullishness will be confirmed if the resistance is broken. This is an intraday as well as swing pick from my side.
Buy above 915
Avoid the stock if a big gap up...
Go long L_TFH expect 3-4 rs per share if market supports could give big momentum. It is in uptrend could give satisfying results
Additional conformation inside candle pattern in 30 min candle time frame :
Trade with your own risk
Sl at 63.60 which is todays support
Target when macd indication shows to sell watch only 30 min candle
Hi Traders, go long on LT above 921 if a strong candle breaches 921.
LT can take a good upmove in short term, if a large candle breaches 921 level (a confirmation).
Entry price: 921-924.
Disclaimer: Don't just blindly Trade or Invest, learn and then trade. Manage your risks properly.
This analysis is purely for EDUCATIONAL purpose, just to give an idea on the price movements!!
RSI is weak but from here it might take a short term pullback till the levels mentioned above.
L&T is a stock for long term investment and getting a...
Larsen & Toubro Limited : Construction Engineering Company ( NSE:LT ) is Making Rectangle Channel Pattern (PATTERN BREAKOUT TRADE).
This can become a very good trade for INTRADAY traders.
Target + StopLoss: There is no target here. You keep the first target as much as the StopLoss you put. And the StopLoss will be the Low/High of the candle that broke this...