L&T breaks out of a cup and handle pattern. Buy: L&T CMP: 1600 Target: 1770 Stop Loss: 510
Buy @ C.M.P (CURRENT MARKET PRICE) Sell Target 1 :- 1500
LT has been in a nice uptrend, continuously making higher highs and higher lows. After the recent pullback to the 20 EMA , a nice continuation candle has formed. A long can be initiated keeping in mind the following levels, only if it sustains above long level for 15 minutes. LONG ABOVE : 1505 STOP LOSS : 1469 TARGET 1 : 1541 TARGET 2 : 1577
Taking Support from 50 Daily EMA. The structure is already provided for reference along with S&R LEVELS. Expecting 1517 or 1535. The Indicator Used: 1) Daily Lines Plots Daily 20 (BLACK) & 50 EMA (GREY), BLUE (200 DAILY EMA ) On Lower Time Frame Charts. 2) Valuation band KEYS: Red Faded Cloud: Over Valuation. Grey Faded Cloud: Proper Valuation. Green Faded...
wait for the neckline to break
Larsen and Toubro has formed a cup and handle formation and is starting wave 3 of elliot wave, First Target of 1800 + levels can be easily achieved in July.
NSE:LT LT is sitting at a good support area after a major profit booking. Good place to go long with good risk to reward. accumulate on the next major dip with SL at 1448 target 1579
I think it will retest the 1460 level and then move up.
Charts suggest that Retesting 1500 and taking off to higher highs. Watch for Price action at 1500. If breakdown happens then 1450-60 could be a possiblity.
LT can show bullishness if it breaks the trendline with good volume. (for educational purpose only)
All details given in CHART.
NSE:LT Go long from here. Please share with your family and friend if you like the idea to go long. This chart is only for education purpose. Consult with your financial advisor before making any investment.
See the chart i draw carefully ,Do like ideas , do follow me for more ideas on other shares like Asian paints ,United spirits, HUL,ITC , etc.. this is just An idea .
LT looks promising to stay long disclaimer - advice not to be taken as tip to trade