Larsentoubro
LT ready to rocket!! Great Opportunity It is rare to get good opportunities in such great fundamental stocks.
On Breaking its 1600 resistance one can long for good gains.
if it doesn't break the resistance now, it will come back up again to break it in next attempt, keep an eye.
consult your advisor before taking any trade.
L&T Finance Holdings - Positional view | Potential 100% gainKey Highlights:
1. Bullish market structure - HH, HL
2. Volume expansion
3. Forming descending broadening wedge
4. Approaching major resistance zone 99-108
5. Close above 108 will trigger a rally to 150+
7. Target: 123, 146, 174, 198. Stop Loss: 82
8. Time frame: 9-12 months
I have made an illustration on the left-hand side, to explain the descending broadening wedge pattern.
You are always advised to use an appropriate Risk-Reward ratio as per your strategy.
P.S: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
Larsen & Toubro - Positional Idea | Inverse head & Shoulders Key Highlights:
1. Bullish market structure - HH, HL
2. Volume expansion
3. Forming Inverse Head & Shoulders
4. Approaching major resistance zone 1537-1603
5. Close above 1600 will trigger a rally to 1800+
7. Target: 1846, 2163, 2517. Stop Loss: 2185
8. Time frame: 12-15 months
You are always advised to use an appropriate Risk-Reward ratio as per your strategy.
P.S: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
Larsen Toubro LT - Potential Bullish StrcutureHighlights:
1. Break of trendline
2. Change in Market structure
3. Volume is expanding relative to the previous sessions
P.S: This is NOT investment advice. This chart is meant for learning purposes only and is a part of my personal journal. Invest your capital at your own risk.