Larsentoubro
LT - Bullish Engulfing at 61.8% Fibonacci RetracementNote: This is for educational purpose only
There is a bullish engulfing at 61.8% retracement of Fibonacci series. Usually 61.8% retracement acts as a good level from where price usually bounces back based on price action which here is bullish engulfing.
LT KEY LEVELS SUPPORT AND RESISTANCE 18/06/2020 THURSDAYKey Levels for LT : INTRADAY CHART ANALYSIS
UPPER BREAKOUT~890.25
FIRST TARGET~896.75
INTERIM RESISTANCE~905.35
FINAL RESISTANCE~913.65
LOWER BREAKOUT~880
FIRST TARGET~875.10
INTERIM SUPPORT~869.15
FINAL SUPPORT~860.85
My views are for educational purposes only.
Please trade with caution and consult your financial adviser before trading.
L & T elliott wave Chart pattern and trading level.L & T price moving between perfect channel and price is in its corrective wave (b). Wave (b) forming internal double standard of correction in zigzag manner. Price took U turn from 885 level where upper channel was placed. Now price is near lower channel line. Tomorrow If price touch lower channel near 784 may be good buy zone. 784 level is also gann support level.
As per wave perspective price is in a wave of (b) wave and after completion I expect price will touch upper channel line once again.
LT KEY LEVELS SUPPORT AND RESISTANCE 15/05/2020Key Levels for LARSEN AND TOUBRO :
UPPER BREAKOUT~881.45
FIRST TARGET~896.85
INTERIM RESISTANCE~909.10
FINAL RESISTANCE~922.95
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LOWER BREAKOUT~861.50
FIRST TARGET~850.75
INTERIM SUPPORT~840
FINAL SUPPORT~829.45
My views are for educational purposes only.
Please trade with caution and consult your financial adviser before trading.
[L&T] Low Risk (1%)...High Reward ( upto 7%)With some FUNDAMENTAL weakness (like decline in net profit, profit margin & net cash flow), L&T stock is in BEARISH mode .
Hence call for SHORT, all details regarding entry price, SL, targets etc are mentioned on chart.
Weekly time frame gives an indication on Possible Support line in coming days/ weeks if it falls.
=========== WEEKLY CHART (for possible support & resistance levels) =========
Note: Since it has it has already retraced to 1st target of H&S (i.e. fall by right shoulder level from neckline) hence there is POSSIBILITY of TREND REVERSAL . Hence in that case, you may chose the LONG option. All details are mentioned on chart.
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Stay safe,stay healthy
LT going down to 803 on monday LT looks bearish to me 803 is the fib retracement level so at least it will go up to that good for day trading and technically also it is bearish and then if it breaks the 803 level with good volume then next level is 785 (61.8%) retracement level
give your thoughts in comment section and please correct if you find any mistake
tell me more stocks which i should analyse