Personally doesn't fall in to my setup yet, but seems bullish for 1167 and 1197 levels. See my other setups for such simple analysis and accuracy. Regards
Larsen is breaking out from a trend line where it previously faced resistance. The volumes, as indicated are pretty strong too. After a bit of consolidation, the stock looks ready for another upmove. Go long. Please like and follow. NSE:LT
L&T FINANCE HOLDING SECTOR- NBFC CMP- 89.3 TARGET - 100 DURATION - 1 MONTH RETURNS- 12.33% TYPE OF TRADE - SWING
#larsenandtoubro Very important thing here to keep in mind...On Longer timeframes, chart is bullish like a Flag formation and on smaller time frame you can see a flag or pennant inside a flag....I was very much biased about a bull run, however in actual it got a break down... So very important thing to keep in mind always - Never have a biased view in Intraday.
Buy @ CMP CURRENT MARKET PRICE First Sell Target @ 1162 Final Sell Target @ 1282
FOLLOW STOPLOSS 1074
LT has given strong breakout from ascending channel pattern. Volumes wee 5X on the day of breakout. LT may retrace and test the trend line as the market is looking weak. Try to enter between 1020-1040 levels. Targets would be 1120/1170 and SL below1000. P.S.: I have entered at 1043 today with capital of 10K.
LT tested the 200MA one day ago and broke it with superb volumes! NSE:LT I am starting a new telegram channel. To join my telegram channel, leave a comment with "interested."
Note: This is for educational purpose only. Post a range bound movement, there seems to be a bullish breakout with high volume. Moreover, RSI is at 70 which is on overbought zone. Hence, expecting some sideways movement post next upmove.
A Symmetrical triangle is a clear cut indication of consolidation followed by a breakout. A BIG BREAKOUT........... Note: Avoid the stock if a big gap up or gap down is seen Enter after the breakout happens and not before it Do not chase the market, i.e., do not get involved in late entries Only enter with strict stop-loss and target This is not a...
Larsen & Toubro is a fundamentally very strong company. One of the best company in the technology sector. Valuations are also reasonable. Haven't participated in a rally yet. Likely to rally in the coming weeks.Short term target of 1000 & Long term Target of 1200.
FOLLOW STOPLOSS 904
will LT retrace 50% to touch target of 934?
Point5 of wolfe wave is forming around a good supply zone. Bullish outlook for coming days. Enter based on price action around the zone