LT ShortI hope you can now see how LT represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
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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.
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 - 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
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Happy Trading!!