L&T is on the verge of giving a break out, It is currently in a triangle pattern with a major support zone at 1340-46. a Downside break can take it to 1300 levels & an upside break can take it to new highs.
Larsen & Tubro looking bullish on the chart, facing multi time resistance, if Resistance Broken , can move higher (Targets Mentioned: Short , Medium, Long ). dont trade on advice, do your own research before trading & Investing.
Trade according to your risk appetite! Happy trading :) Do drop a like and support for more ideas!
a buy on dip structure as per charts accumulation area 1245 to 1400 for 1450 , 1585 , 1603 / 1710 /1746/1819++ trail targets with 1138 positional stop loss
The price action of the stock clearly states The Trend is Bullish from past few sessions. It’s quite interesting to analyse the chart at such levels. There’s Strong probability to achieve Target 1 in the upcoming session . In spite of heavy volumes coming in, the price action has not given any specific momentum in today’s trading session, other than the opening...
After triangular breakout stock is looking good on charts closed above ema 200 One should start accumulating big move can be expected above 1188 Target -1359 stoploss-1080 (short term)
LARSEN & TOUBRO (L&T) - Ascending channel pattern formation at monthly time frame Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient. Disclaimer : All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Entry price: CMP 1260-1270 Target: 1430 Target duration 2-3 weeks.
Price tried to break the Supply Zone at 995 for about 4 times. At this point(4th) time, stock is making higher lows with good volume , which clearly indicates a possibility of breakout above 1000 level. Also (20, 50)MA crossover confirmation *IMPORTANT LEVELS to WATCH* LONG Above 1023 SL @ 921 Target1 @ 1198 | Target2 @ 1279 Demand Zone @ 875 | Historical...
LT UPDATE :- BUY ENTRY TAKEN @ 1034 LEVEL WITH 3 TARGET LEVELS GIVEN STRONG RALLY SEEN SINCE THEN MET 1ST 2 TARGETS NOW ITS TIME FOR OUR 3RD & FINAL TARGET 1223 ATTACHED IDEA FOR REFERENCE
Larsen & Toubro already breached from old channel and entered into a new channel. If breach 1250-1280, then can move out of the channel and touch 1400,1440,1520,1565+
I 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...
GOOD MOVE SEEN FROM 1033 TO 1055+ MORE 50-100 PTS CAN BE SEEN ON CHART ABOVE 1055 SUPPORTING FACTORS - CURRENT VOLUME BAR + RSI STRONG BULLISH STRENGTH BELOW IS THE PREVIOUS SHARED IDEA POST ON LT FOR REFERENCE
LT is set to break down as per confirmation from RSI and Stochastic. Trend line is at the touch point and if it breaks 1100 then it should show us 1010 at least. Put in action for the next 1 week. Target 1010 Duration 1 weeks
LT given breakout already and retested can go long once falling wedge broke out