L&T FINANCE ON THE VERGE OF BREAKOUT L&T FINANCE HOLDING
SECTOR- NBFC
CMP- 89.3
TARGET - 100
DURATION - 1 MONTH
RETURNS- 12.33%
TYPE OF TRADE - SWING
Larsentoubro
LT - Never have a Biased View for Intraday - #education#larsenandtoubro Very important thing here to keep in mind...On Longer timeframes, chart is bullish like a Flag formation and on smaller time frame you can see a flag or pennant inside a flag....I was very much biased about a bull run, however in actual it got a break down...
So very important thing to keep in mind always - Never have a biased view in Intraday.
11/11/2020 Research Report For LTBuy @ CMP CURRENT MARKET PRICE
First Sell Target @ 1162
Final Sell Target @ 1282
Breakout from Channel Pattern in LTLT has given strong breakout from ascending channel pattern. Volumes wee 5X on the day of breakout.
LT may retrace and test the trend line as the market is looking weak.
Try to enter between 1020-1040 levels.
Targets would be 1120/1170 and SL below1000.
P.S.: I have entered at 1043 today with capital of 10K.
LT broke 200 MA with superb volumes!LT tested the 200MA one day ago and broke it with superb volumes!
NSE:LT
I am starting a new telegram channel. To join my telegram channel, leave a comment with "interested."
LT - Bullish BreakoutNote: This is for educational purpose only.
Post a range bound movement, there seems to be a bullish breakout with high volume. Moreover, RSI is at 70 which is on overbought zone. Hence, expecting some sideways movement post next upmove.
LT - SYMMETRICAL TRIANGLEA Symmetrical triangle is a clear cut indication of consolidation followed by a breakout. A BIG BREAKOUT...........
Note:
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a recommendation and is for educational purposes only.
always follow risk-reward and quantity management for the 100% of the times
The above mentioned idea may not work, so beware of the risk you are taking
Follow me to Learn and Earn with me.
Happy Trading!!
Larsen & Toubro 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 (Bullish WW)Point5 of wolfe wave is forming around a good supply zone. Bullish outlook for coming days. Enter based on price action around the zone
LT opening above resistanceThe order that it received for the bullet trains has resulted in an opening above the resistance. New way upwards.
LT - Buy or sell at breakouts (Intraday 20/10/2020)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.
Larsen & Toubro (LT)CMP - INR 908
BUY Above - INR 900
SL - 895
Target 1 - 924
Target 2 - 935+
R:R - 1:4
LT has broken resistance on daily chartsLT has broken resistance on daily charts on open. Slipped post open. This could be an entry opportunity from here.
Buy@913. Target@933. SL@890.
L&T buy above 919, targets 958-990, s.loss 894.trade with caution, preferably using a risk defined strategy.
follow due deligince.
#Oct12 - LT (intraday+swing)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
Note:
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a recommendation and is for educational purposes only.
always follow risk-reward and quantity management for the 100% of the times
The above mentioned idea may not work, so beware of the risk you are taking
