Long on LTILTI is nearing its support. As seen in the chart, the confluence of 3 supports can be observed. 1) 200 EMA, 2) Trend Line, 3) The horizontal support.
These support zones can attract buyers. One can expect to see minimum levels of 4200+ by the end of May. View negated below 3800. Personally buying 4000 CE at 132 with SL of 100 and open target.
Larsentoubro
Sandwich 🥪 patternBears have got sandwiched between 2 bullish candles. Today's candle is bullish harami. Tomorrow's candle close above bearish candle will wipe out sellers.
Disc : it's not an investment advice to buy or sell
INTRADAY STOCK FOR 18 MAYLT LOOKS GOOD FOR TOMORROW !
WAIT FOR CLOSING/RETEST ABOVE SUPPORT/RESISTANCE.
IF OPEN BIG GAP UP/DOWN THEN AVOID OR TRADE ACCORDING TO PRICE ACTION !
FOLLOW FOR DAILY ANALYSIS
LT: Falling wedge breakoutAll levels are mentioned on the chart.
DISC: For educational purposes only.
SIEMENS - Simple Price actionThought Process - Price has rejected multiple time from its resistance level of 1900 (at which there is a massive open interest of Call Writers), one it holds 1900 levels there can be a good breakout leading the price to its next round level of 2k.
Trade Plan - 50% positions can be initiated now with SL of 50EMA on a closing basis & next 50% when it holds 1900 levels.
➼Larsen and Toubro | 3% Risk with 13% Reward | Earnings special Enter now as a power candle has entered the game, lower triangle breakout = done on supports with volume and biggest candle since budget day.... risk is of 3% on capital.... earnings are near .... anticipatory red dots trendline breakout means will retest the ATH lvls, intraday basis seems good for 3% more till the bigger trend line that is 1:1 rr,,, if broken in a day or two = good earnings might be displayed + ATH test can take place.
Larsen & Toubro InfotechLarsen & Toubro Infotech
LTP: 3665.45
Support: 3593.30
Resistance: 3780.00
Most important level with highest Open Interest
3500pe - 25950 (major support)
4000ce - 50850 (major resistance)
The price is very close to an important level, 3593.30. The candles have taken support at the mentioned levels multiple times since December 2020.
RSI is in the oversold range which means that we might see 4000+ levels again before expiry this month.
The pattern formed on the hourly chart looks like a rounded bottom which is a bullish pattern.
Daily chart does give an impression of a head and shoulder pattern but looks like the downfall should end as 3500 put has good open interest.
***looks like a buy for medium to long term targets of 4000+
LT_VALUE TRADELT can show a good bullishness once if it breaks the trendline and start moving upside.
Currently in an accumulation phase.
A good return can be expected from here.
(for educational purpose only)
LT_DOUBLE BOTTOM PATTERNA double bottom pattern has been spotted on LT chart.
One can go long from here with strict swing low SL or can wait for some retracement to happen.
(for educational purpose only)
Larsen & Toubro 15 mins chart analysis.LT is forming a falling wedge pattern which is a Trend continuation pattern. As LT is sustaining below 200 EMA it indicates that stock is in downtrend and falling wedge formation gives strong setup for shorting stock in intraday basis. Look for the open of market if the range or wedge is broken down go for short trade.
This is just my view. Trade at your own risk. Trade safe.
LARSEN & TOUBROLARSEN & TOUBRO
TECHNICAL VIEW showing a BEARISH trend, But
Fundamentally it's cheap stock to BUY for the long term.
1607 STRONG RESISTANCE.
1334 STRONG SUPPORT.
BuyBuy in dip around 1300 stop loss 1140 target 1800+
Disc : it's not an investment advice to buy or sell
L&T making flag pattern. Wait for Break out with volume for longA simple low risk chart pattern with high reward potential.
