Larsentoubro
Go long L_TFH expect 3-4 rs per shareGo long L_TFH expect 3-4 rs per share if market supports could give big momentum. It is in uptrend could give satisfying results
Additional conformation inside candle pattern in 30 min candle time frame :
Trade with your own risk
Sl at 63.60 which is todays support
Target when macd indication shows to sell watch only 30 min candle
LT Taking Support LT Taking Support at 900. Long here and SL close range below 900 levels(Positional)
Long LT above 921Hi Traders, go long on LT above 921 if a strong candle breaches 921.
LT can take a good upmove in short term, if a large candle breaches 921 level (a confirmation).
Entry price: 921-924.
Target: 955-966.
Larsen & Toubro will elevate or fall more!! See yourself here!! Disclaimer: Don't just blindly Trade or Invest, learn and then trade. Manage your risks properly.
This analysis is purely for EDUCATIONAL purpose, just to give an idea on the price movements!!
RSI is weak but from here it might take a short term pullback till the levels mentioned above.
L&T is a stock for long term investment and getting a cheaper price now so those who want this in your portfolio can add small small quantities for long term.
If you earn from my ideas, kindly consider donating small part of your profits to those in need.
Thank You.
EXPECTING DOWNSIDE BREAKOUT IN LT SOON ? GO SHORT ?LT IS CURRENTLY TRADING IN ITS VERY CRUCIAL SUPPORT AREA.
MOST OF THE PEOPLE BELIVES IT WILL REVERT FROM THIS SUPPORT AND THERFORE ONE SHOULD GO LONG.
BUT AS PER MY VIEW IF STOCK IS HOVERING AT A PARTICULAR PRICE IN THIS PARTICULAR CASE AROUND 895-905 THEN IT'S SURE THAT SOMETHING IS COOKING AND WE SHOULD BE CAUTIOUS. (MIGHT BE PEOPLE WERE RIGHT ABOVE GOING LONG)
BUT I AM PREDICTING THAT LT WILL SOON BREAK THIS SUPPORT AS SMART MONEY IS MOVING OUT OF THE STOCK ANS ITS LOSING ITS CHARM UNTIL NOW ATLEAST FOR ME :)
KEEPING IN THIS MIND ENTER SHORT IN LT IF MOVES BELOW 895 KEEPING SL AOROUND 920 AND TARGEST OF 20-40-80-160+ POINTS FROM HERE.
L&T is Making Rectangle Channel Pattern (Breakout Trade)Larsen & Toubro Limited : Construction Engineering Company ( NSE:LT ) is Making Rectangle Channel Pattern (PATTERN BREAKOUT TRADE).
This can become a very good trade for INTRADAY traders.
Target + StopLoss: There is no target here. You keep the first target as much as the StopLoss you put. And the StopLoss will be the Low/High of the candle that broke this pattern. Or Low/High swing backward inside the pattern.
And as soon as you get a profit of 0.50% of your target, you will trail your StopLoss and bring it to the entry point. And as soon as your first target is hit, you will release half of your total quantity and continue to trail your StopLoss above the last swing Low/High.
Target and StopLoss are never already fixed in the chart pattern.
Thank you.
You always have to trade only by money management, position sizing, StopLoss trailing. This is the way to stay in profit.
Chart Published By Ravinder Sharma
LT (Bullish Wolfe Wave)LT is at a very important zone... Any bounce from here can give a great short covering. Bullish WW in sight too.
Swing in LTRSI moved from 40 indicating upmove which is supported by buy signal in MACD.
Price Acttion shows reversal but the movement of 200 EMA suggests that price may face resistance once it reaches that level.
Anyway, it looks good for swing with a price range of 950-960 being the target and stoploss being below the channel.
Buy LT @ CMP for a target of 980 with stoploss of 900Everything is mentioned in the chart.
This is just based my observations, please take informed decision while taking any trade.
L&T intraday setupLarsen and Toubro is looking good for an intraday trade for a little over 1.5% reward. Some of the other stocks from my personal watchlist include HDFC Bank, Concor, Mahindra Finance, IndiaBullHsgFin, GmrInfra, Indian Oil Corporation, Infy and Petronet. I expect these stocks to breakout with huge momentum. These may work for tomorrow's session, but if it doesn't breakout, then I will still keep it in my watchlist for the remainder of the week.
The analysis is given on charts
I am not a SEBI registered investment advisor and hence do not follow my analysis blindly.
Be aware of what you are trading and the risk associated with it.
Stock market is risky and you can lose a lot of your capital.
Be wise and trade carefully!
Grateful!🙏
Larsen: Huge Accumulation in progressLarsen price havent moved significantly in past few weeks.
Any slight upmove followed by retest levels where it retrace near Fibonacci levels. ( Approx 38.2% in most occurrences)
Any significant volume upsurge is invisible and evenly distributed across weeks.
Heavy resistance near 1000-1020 levels.
If price crosses these levels with good volume, the result will be a breakout & rally till 1100 levels.
Larsen & Turbo Technical ChartWait For The Right Price. Yet to break the trend Line. Surely Stock will move Upward Direction
LT Daily Analysis_19/08/20a. Zone: Strong Bull
b. Resistance 1: 1009.65
c. Resistance 2: 1013.50
d. Support 1: 998.20
e. Support 2: 990.60
NSE:LT
L&T longer term 12 YR channel! AUG 2020 monthly closing very crucial! A close inside the channel and we should be back to top of channel around 1700 by next year..Immediate spring action should see us at 1250 by next month itself
ELse if gets rejected this time then,back to base 750- 800
L&T TRENDLINE BREAKOUTL&T has broken its trendline with volume. Always keep such stocks in your watchlist. In many cases such volume buzzer stocks doesnt give much movement next day. A small hurdle at 970-975. Looking at the consolidation and if all goes well LT may soon touch 1000 and above.
LT Perfect Bullish Gartley Harmonic Pattern !!TREND ANALYSIS & TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
June Series Option can be tried.
Wait for entry setup, if available then Long/short.
Reward is 8-10 Times
