LT - LOOKING WEAKA). trade the breakout.
B). short with target 901, then check if it finds resistance there. If it finds resistance at 901 then buy with target of 915-925.
Larsentoubro
LT Trading SetupDisclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
LT looking for a Breakout soon ? Go Long above 921 ?Observed that since 12th of June LT was getting very strong resistance around 900 levels as clearly seen in the chart with Red Line.
During past few sessions LT tries multiple times to break it and it does moves till 890-900 zone, but strong buy is seen and it bounces back from there.
Keeping this in mind and the present levels LT looks good for Long trade setup above 921 for targets of 10,20,30,40 points.
In long position assuming that it breaks the Green Trend line as we are entering before crossover so that might be a possible risk.
ALSO,
As we know supports are nothing but just psychological levels which might act or not so in case, in any case if seller get active and tries to break the support zone of 895-900 we will ride along them and enter short position with targets of 10,20,40, 60 + points.
Thanks!
LT - PositionalPlease refer the linked upar Jane ka raasta idea for Fib retracement levels.
Positional trades:
Buy above 916 for 924, 930, & 940 with SL at 904.5
If it sustains 940 on hourly chart, can see further upswing to 965, 980 & 1000.
Larsen Buying Alert!!!!Today an idea to L&T
Be careful
Buy when trendline will break
dont do hurry
BUY LARSEN & TOUBRO
After watching the full video till end. I have discussed everything about this trade setup.
After confirmation of trend change
After following all the steps told in this video.
This is a bear market phase and this is not the recovery this is the bullish trap .
so please avoid yourself to put the long positional trade at this time without any confirmation.
Please watch this video complete and follow all the steps .
Please do the multi timeframe analysis during these type of phases .
Guys let me know you that i am a trader and a trader have a winning probability of 50-65% no any trader is there who have a winning ratio more than this . Who says you that i am having a 100% winning strategy then F**k these type of people and try to be correct only 50 - 60 % of time which will give you a lot of money if you properly follow the risk reward ratio .
Guys you can also follow me on twitter for any queries.
LARSEN & TOUBRO trading in a narrow rangeLT is trading in a narrow range and it can give aa breakout in coming trading sessions,
Add this to watchlist and create a price alert!
LT - Wedge ConsolidationSell only below 904.5 for 900, 895, 880 with SL at 910
Long above 924 for 930, 940, 945 with SL at 910
Sustaining over T2 on hourly time frame will open targets of 965, 980, 1000 with SL at 930 - See the linked idea for details.
Larsen & Toubro SHORT !Larsen & Toubro today posted very bad results with 79% slumps in business and also stock looks heavy selling due to pressure. one can accumulate for short position with target 850/ & 800/- with stop loss 940/-
LT : Upar Jaane ka RaastaLT is back in its value area after a downward dip breaking the trend line. Please See linked ideas for details.
Key levels are marked on chart for the upward movement and positional trades.
The stock saw short covering when it touched 900 leading to an immediate rebound.
The OI Status as on Friday is over 20 Lakh open interests for 950 (5Lakh) to 1000 levels (10Lakh) with 900 being the support (3Lakh).
So there is a definite bullish bias to the stock.
Positional Intraday Ideas:
Go long above 930 for 945, 965, 980 with SL at 910; Trail SL after 945
P.S. You will need to zoom out to see the long term FIB retracement levels for key supports and resistance levels.
L&T is bullish in all indicatorsIn 1 hour chart we can clearly see breakout in Larsen & Toubro. We can confirm our breakout in Aroon Indicator, MACD has also generated a positive crossover. Take long positions guys we will definitely achieve our target.
LT - Support line Breach (Minor)LT saw a long term support line getting breached today after 6 consecutive bearish sessions.
It closed just above the support at 930 and is at a crucial level.
If it breaches 930 (closes below on the 5 minute candle) with NIFTY bearish: Short for 910 with SL at 945.
Take long positions only above 945.
Scalp in between.
The shorting idea won't hold true for gap-down openings - follow ORB in direction of NIFTY.
LT - Price Action Continues The stock is trading handsomely in the price action value area with a value price of 945.
We saw a bullish breakout move towards 970 yesterday only to dramatically reverse.
Intraday ideas for Friday:
Buy above 950 for 955, 960, 970, 980 with SL at 940
Short below 938 for 930 with SL at 945
I would prefer taking long trades only myself due to another linked idea talking about support trendline ( highway projects ban). The stock again took support on the trendline today !
A break below may be a huge breakout to 910 levels too but it’s seen strong support so far.
LT: Bullish Triangular ConsolidationLT has been trading in the Price Action Value Area referred before in the linked idea.
It's showing the Elliot Traingular Bullish Consolidation
It may be a good idea to enter long positions
LTLT is face resistance in important trend line in 30 min chart time frame so when break level of 955 and sustain then you can trade for Buy Side Also Nifty Infra Chart is near Breakout so most probability to break this level.
Entry Price: 955
Stop loss:945
Target:970
LT : Price Action LT is back in the price action value area as I had discussed in one of the earlier posts.
It has also taken support from the trend line as indicated in another post and the sentiment remains bullish for it to cross 1000.
The ban on Chinese firms in different infrastructure sectors should definitely help the move up.
The stock closed the week at its value price of 945
The key resistance for the upward movement are 955 and 980, while key support levels are 940 and 930.
Value areas always make ideal candidates for scalping. Thats what I would look to do.
Positional trades can be taken as:
Go long above 955 for 975-980 levels with SL at 945
Short below 940 for 930 with SL at 945.
Highway Projects: Ban on Chinese companies LT was already on its trend line support ready to breakout.
The latest announcement would definitely catalyse it.
Buy Buy Buy
Key levels marked on chart.
LT Trading SetupDisclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
LT - Beauty lies in beholder's eyes.Everything on Chart.
We engineers have always loved LHS = RHS questions, so you can blame the bias!
But everything seems to fit so perfectly here.
Elliot will be proud (or absolutely enraged!)
Support and Resistance have also been marked in what should be the next price value area based on historic price action.
(You will have to scroll the chart to the left to see it)
The purpose of sharing it is only to attract feedback to my analysis - its not a trading advice! stock trend analysis is based on personal judgement in my opinion - the same patterns can be looked at a different way altogether - I have myself lost money (and made some ) while following some recommendations blindly! Please follow your own instincts !
