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Larsentoubro

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 !
NSE:LTLong
by raj_rishav
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.
NSE:LTLong
by Rajesh_KumarSingh
[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. - Stay safe,stay healthy
NSE:LTShort
by SatyendraChoudhery
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