Larsentoubro
LT KEY LEVELS SUPPORT AND RESISTANCE 27/04/2020Key Levels for LT:
UPPER BREAKOUT~860.55
FIRST TARGET~872.60
INTERIM RESISTANCE~884.65
FINAL RESISTANCE~895.60
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LOWER BREAKOUT~840.85
FIRST TARGET~829.90
INTERIM SUPPORT~817.85
FINAL SUPPORT~804.70
My views are for educational purposes only.
Please trade with caution and consult your financial adviser before trading.
L&T can be bought on dips towards 855-875, target 1030.Infra sector is the latest one to catch the investor's interest.
L&T is among most leading stock in this sector, can be bought on dips.
Safe traders can create positions using bull spreads of 920 and 1020 calls, pay out is about 20 Rs.
Put of 820 can be sold to reduce the payout to 8-9 Rs.
As per y'day closing prices of 920 Ce was 37.8, 940 Ce was Rs. 10, and 820 Pe was Rs. 12.5.
Hold this as long as L&T is above Rs. 850.
L&T towards 717.35Fall is expected in couple of months. If it breaks 717.35 may correct further down.
L&T Finance trade setup - Megaphone and Range breakout trade L_TFH is on a verge of making a big move in either direction.
The range of 132.5 and 127.50 is going to be crucial.
In short take position in the direction of breakout/breakdown!
Buy L_TFH above 132.50 with SL of 127
Short L_TFH below 127.50 with SL of 132.50
L&T FORMING FLAG PATTERNL&T FORMING FLAG PATTERN, KEEP IT ON WATCH LIST, WHENEVER IT BREAKOUT ON ANY SIDE TRADE ACCORDINGLY.
L & T Good Time To Enter !!L & T's Harmonic Bullish Pattern Entry Point Has Already Reached !!
Entry 1380
Stop Loss 1360
Target 1420
LARSEN & TOUBRO REVIEW FOR MONDAYEVERYTHING MENTIONED STOCK MIGHT TAKE SUPPORT AT GREEN ZONE THEN MOVEMENT EXPECTED IS SHOWN WITH GREEN ARROWS IT MIGHT ALSO DIRECTLY FALL ALSO WE HAVE TO WATCH PRICE ACTION
TRADE AT YOUR OWN RISK
The stock may meet immediate resistance at 1340 levelsA decent move was noticed in Larsen & Turbo this week. The prices closed above a previous swing, RSI has moved into neutral zone from a bearish area while MACD has moved above zero level. These point towards strength in the counter, with expectation on infrastructure expenditure allocation in budget a up move may be triggered in the stock. The stock may meet immediate resistance at 1340 levels, price action needs to be watched there. Above which the stock may move to 1420, 1450 levels. While 1345 -1330 may provide support to the price below this the stock may fall to 1290 – 1270 levels.
LT REVIEW FOR FRIDAYPINK LINE HAS TO BE BREACHED ON CLOSING BASIS USE 30 MINUTE CANDLE TARGET MARKED AND ALSO IT MAY COME DOWN IF TAKEN RESISTANCE FROM BOTH PINK ONES
L & T looking positive on charts, Buy with a SL of 1302.Please refer to details on chart.
Avoid taking naked long positions, trade using strategies is safe in volatile and expensive markets.
Non cash traders should plan to exit around 1370.
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L&T interesting support holding up?Please follow the trade setupp
BUY 1280-1290
TARGET 1330,1340
STOPLOSS 1265
LT LEVELS IT WAS A STEP WISE FALL DOWN. HOPE TODAY SHRTIONG OPPERTUNITY WILL COME.
THIS IS PURELY FOR YOUR STUDY PURPOSE. NSE:LT
LARSEN & TOUBRO LONG IDEAIT IS BOUNCING BACK FROM A LONG TERM TRENDLINE SUPPORT MAKING GOOD BULLISH REJECTION CANDLE MARKED WITH GREEN ARROW THIS TRENDLINE MUST NOT BE BROKEN ON CLOSING BASIS IF IT DOES A LITTLE TARGET FOR SHORT IS GIVEN WHILE TARGET FOR LONG IS ALSO GIVEN
NOTE: TRADE AT YOUR OWN RISK
