A simple low risk chart pattern with high reward potential.
L&T retested the trend line, short L&T for target of ₹1326 (5.22%) Ph 6006840151
Previous resistance and accumulation should act as support.
After down trend in parallel channel, Now break the channel and in a consolidation mode. Levels to watch marked in chart. Ready to fly! For educational purpose, Post your views, it will be great to encourage me.
In 2 hour timeframe stock has formed a flag pattern, Currently closed to proper valuation as shown by the valuation band in 1st chart. Also taking support from Demand zone . In the30mins timeframe it has formed some price pattern and also Supported by 20 daily ema . The Indicator Used: PANEL 1: 1) Valuation band KEYS: Red Faded Cloud: Over Valuation. Grey Faded...
In the hourly chart, we can see that Larsen & Toubro has just bounced from its support and there is a runaway gap also around 1450 levels. And in RSI we can see that RSI has downfall but the stock price doesn't decline. Take long positions for the target of 1605.
LT has activated a Bearish Ichimoku C Clamp in daily time frame. It could retest 1450 provided it does not move above 1575.
Larsen & Toubro long above:- 1575 short below:- 1500 1500 to 1575 condolidation zone Stay tuned with me by following @GKS_TEJA. Please LIKE you are convinced with my explanation, if not let me know in the comment section. I am eagerly waiting for your reply whether it good or bad just reply to this article. Thanks for reading. follow:- @GKS_TEJA follow:-...
NSE:LT Stock has been trading in a parallel channel for almost all of Jan and yet RSI & MACD has also given a clear divergence over the same period. A decisive break below 1325 and the stock might correct towards 1300/1275/1250 All ideas shared are for educational purposes.
Larsen & Toubro reversal zone areas. . To make it simple I mentioned all-important levels in one picture, make sure that to watch carefully. Please LIKE you are convinced with my explanation, if not let me know in the comment section. I am eagerly waiting for your reply whether it good or bad just reply to this article. Thanks for reading. Disclaimer:- It's...
Please have an look on my previous publish idea about LT. LT test the Long term Target of 1600 & now accumulating. those want a fresh entry can accumulate at that level. Previous idea link attached for analysis. Note: For knowledge Sharing only. don't trade on someone idea do your own analysis before trading & Investing.
NSE:LT if l&t cross 1383 then it can touch 1400+. keep sl as per your risk appetite. ******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.
LT in a neutral zone, waiting for it to give a single so that we can play it.